Integration of Blockchain in Marine Engineering and Shipping Logistics

Abstract

The maritime industry has faced several challenges related to inefficiency, fraud, and compliance in both marine engineering and shipping logistics. Blockchain technology, with its decentralized and immutable nature, offers a transformative solution for enhancing transparency, security, and operational efficiency across these sectors. This paper explores the integration of blockchain technology into marine engineering practices, such as vessel maintenance, and shipping logistics, including cargo tracking and document management. Through blockchain’s distributed ledger system, stakeholders can ensure real-time, transparent data sharing, reducing human errors and delays while improving the security of maritime transactions. This research evaluates current blockchain applications, identifies barriers to adoption, and discusses the potential of blockchain to drive future innovations in maritime operations.