Maritime Blockchain Conceptual Framework and Blockshipping Application

Abstract

The paper presents blockchain-based maritime supply chain system (BMSCS) and Blockshipping decentralized platform for containers' smart booking and releasing as one of BMSCS applications. The conceptual framework of BMSCS is discussed along with its actual benefits, frailties, and key players. In addition, Blockshipping global shared container platform (GSCP) is described at rather high level of abstraction; including its potentials to increase efficiency, reduce costs and environmental impacts through enhancing intelligent turnover of containers in the global trade. In addition, the results of a case study on adopting blockchain in emerging maritime economy in KwaZulu-Natal Province of South Africa are presented and discussed. Some directions for further research in the field are given as well.