Improving Shipping Efficiency Industry-Led Consortium Blockchain Smart Contact

IF 4.5 3区管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE

Journal of Global Information Management Pub Date : 2022-01-01 DOI:10.4018/jgim.313035

Harshvardhan, Sayyen Teoh

引用次数: 7

Abstract

COVID-19 has recently affected global trade flows, and the primary reason is that shipping failed to adapt rapidly to meet the need for on-time delivery. Given blockchain's “revolutionary” potential, this paper aims to understand how blockchain can address longstanding inefficiencies and challenges in the shipping industry. This analysis proposes a model of how an industrywide blockchain-based consortium powered by smart contracts could resolve end-to-end contract issues with trustworthiness, thus improving efficiency in terms of time and cost. A mixed-method approach was conducted. That included 27 surveys and 20 interviews with representatives of shipping industry members. This study contributes to the blockchain and shipping supply chain literature by offering empirical data about the application of an industry-led consortium blockchain with cost, scalability, and volatility perspectives. As for the managerial implications, incentives and education are required to stimulate collaboration and commitment to blockchain for more efficient and effective global shipping trade flows.

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提高航运效率行业主导的联盟区块链智能联系

最近，新冠肺炎疫情对全球贸易流动产生了影响，主要原因是航运未能迅速适应以满足准时交货的需求。鉴于区块链的“革命性”潜力，本文旨在了解区块链如何解决航运业长期存在的低效率和挑战。该分析提出了一个模型，说明由智能合约驱动的基于区块链的全行业联盟如何以可信度解决端到端合同问题，从而提高时间和成本方面的效率。采用混合方法。其中包括27项调查和对航运业成员代表的20次访谈。本研究通过从成本、可扩展性和波动性角度提供有关行业主导的联盟区块链应用的实证数据，为区块链和航运供应链文献做出了贡献。至于管理方面的影响，需要采取奖励和教育措施，以促进合作和对bbb的承诺，以提高全球航运贸易流动的效率和效果。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Global Information Management INFORMATION SCIENCE & LIBRARY SCIENCE-

CiteScore

5.80

自引率

14.90%

发文量

118

期刊介绍： Authors are encouraged to submit manuscripts that are consistent to the following submission themes: (a) Cross-National Studies. These need not be cross-culture per se. These studies lead to understanding of IT as it leaves one nation and is built/bought/used in another. Generally, these studies bring to light transferability issues and they challenge if practices in one nation transfer. (b) Cross-Cultural Studies. These need not be cross-nation. Cultures could be across regions that share a similar culture. They can also be within nations. These studies lead to understanding of IT as it leaves one culture and is built/bought/used in another. Generally, these studies bring to light transferability issues and they challenge if practices in one culture transfer.