The purpose of the paper is to determine and examine, to what extent blockchain scenarios for the shipping industry have practical explication from maritime portsâ perspective and how these are sync with portsâ long-term development strategies, particularly in Denmark. The present study involved qualitative interviews with representatives of the biggest maritime ports of Denmark, varied by location, volumes, operations and cargo type. Data saturation is achieved through several rounds of in-depth semi-structured interviews. Results showed uncertainties in the long-term investment strategy of the considered ports. While focused on land expansion and operation development, the port authorities lack inner-port coordination with related enterprises, which consequently affects overall efficiency. While the development strategy appears to be identical among the port authorities, it varies significantly within specific blockchain scenarios and portâs strategy regarding short-term port optimization. Besides, the role of port authority was debated. Authorities are willing to be more involved in supply chain operations as a consultancy rather than just a controlling party, yet are burden by the state restrictions. Unlike generally-discussed blockchain compatibility studies, the current research contributes by revealing core business uncertainties within port area development and communication. Moreover, the case could serve as a representation of small- to middle-size ports in the EU.
Claudia DurĂĄn, Christian FernĂĄndezâCampusano, RaĂșl Carrasco, Manuel Vargas · 5 authors
Blockchain technology (BC) offers an innovation platform for decentralized and transparent transactions in the maritime port industry. This technology allows guaranteeing trust, transparency and traceability of cargo and data to be tracked. Today, in the port systems of emerging market countries, BC technology is increasingly being incorporated into information and communication processes. In parallel, the social domain has begun to be explored due to the lack of link between the port and the city it occupies, and the need to incorporate public actors in decision-making at the governance level. In this sense, the present work aims to promote BC technology in order to transform data and information into useful knowledge for effective decision making, through the use of Crowdsourcing. A Crowdsourcing Blockchain (CrowdBC) conceptual framework and its architecture are generated for a port system in which the cyber-technological, social and cognitive domains (CSTC) of smart ports, the knowledge generation process and Crowdsourcing technology are interrelated. Finally, opportunities are discussed for ports that are in permanent development to reduce the gaps with the smart industry. As a discussion, two possible scenarios and recommendations for future implementations that consider the social and cognitive aspects of Industry 4.0 are presented.
Roman Beck, Mikkel Boding Kildetoft, Nebojsa Radonic
This paper investigates how blockchain technology can improve information flows on empty container repositioning at an inter-organizational level in the shipping industry. By adopting a theory-generating design science research approach, we develop and evaluate an industry-wide blockchain artefact, named Greenbox Platform, where container owners can register, trade and share containers. It brings efficiency for shipping companies via cost reduction through minimizing the need for empty container repositioning, and effectiveness for leasing companies via container proof of ownership. The paper contributes to its application domain by a practical, theory-driven and novel application of blockchain technology to the shipping industry. Theorizing on its development and evaluation, the paper provides preliminary groundwork for two nascent design principles: 1) Explicitly define a structure of incentives for interorganizational and cross-industrial blockchain applications where stakeholdersâ interests are not necessarily aligned; and 2) Consider environmental sustainability as a non-functional requirement in the development of a blockchain artefact.
This paper proposes a blockchain-based framework to improve the efficiency of ship traffic in port. In the framework, ship agents, terminals, tug company, pilot station, and government share information and the information is stored in a blockchain. Based on the shared information, we discuss three categories of data-driven models that can improve the operations management of the above five parties. The first category is decisions made by a single party. The second category involves decisions of at least two ship agents. The third category relates to multi-party decision-making under uncertainty. This study hopes to stimulate maritime practitioners to embrace blockchain technology and data-driven approaches to enhance the competitiveness of the industry.
The purpose of this exploratory research is to investigate the adoption tendencies of the Internet of Things, Big Data, Augmented Reality and Distributed Ledger technologies applied for Bills of Lading, along with the tendencies to adopt Cyber Safe environments for fleets, governing the future of onboard technology adoption in the Greek maritime shipping industry. The final goal is to determine the overall attitude regarding technology adoption of the Greek maritime industry, and henceforward, create an initial framework for further research for those who wish to examine future information technology adoptions within the Greek maritime shipping industry, or any other industry of traditional nature.
While trade finance has been recognized as a key element in international trade, there is a persistent gap between supply and demand. On the other hand, distributed ledger technology (DLT) has given birth to the decentralised finance (DeFi) phenomenon, promising to revolutionize banking and the whole financial sector. This paper enquires whether a DeFi-based business model could address the trade finance gap problematic. To this end, it presents a sketch of a DeFi trade finance business model, showing how it could address the reasons behind the trade finance gap, while at the same time developing a broader meaning of the DeFi concept itself
Jun 1, 2020·2020 IEEE International Conference on Environment and Electrical Engineering and 2020 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe)
Mostafa Kermani, Giuseppe Parise, Erfan Shirdare, Luigi Martirano
In the last decade, the importance of modern grids is more sensible than before due to provided higher efficiency, reduced peak demand, improved security resulting in the alteration of grid shape from conventional grids to smart grids. The case study is the port of Long Beach (POLB), placed in California, which consists of 11 independent piers operating as a single microgrid that has an independent energy management system. This paper proposes an integrated energy management strategy based on blockchain technology for the POLB including all piers that significantly reduce the amount of peak power imposing extra cost from the port manager's point of view. In addition, the benefits of smart grids that are operating based on blockchain technology, such as high-level security, and efficient maintenance cost, will be discussed.
Lawrence Henesey, Y. Lizneva, Robert Philipp, Christopher Meyer · 5 authors
Ports are vital to the global economy, as up to 90% of goods are transferred through seaports. With increasing vessel sizes, cargo volumes and higher demand for supply-chain optimization, seaports are required to be more efficient and competitive. In the present study, a proposed solution incorporating IoT and Blockchain is considered into automating many of the activities in the load planning process, which is then evaluated via simulation. Real data is collected concerning different types of cargo for RoPax vessels with the intended goal of reducing planning time in a seaport. The results contribute as one piece of the mosaic on the avenue towards becoming a âSmart Portâ, which deploys various digitalization technologies in order to become a fully automated port. The suggested approach to be integrated, builds upon IoT sensors in combination with the lightweight version of a Blockchain to improve balance indicators on a trim of a vessel. A developed simulation tool was used for evaluating a number of scenarios, with each scenario run set to 2500 times. The simulation results indicate an improvement of 50-160% from the current load planning operations for RoPax vessels.
Abstract Smart contracts are scripts on the top of the blockchain technology. They represent a form of automation by what the layers of intermediaries can be reduced or even completely replaced. Accordingly, blockchain smart contracting systems decrease transaction and enforcement costs as well as process time. Moreover, we argue, blockchain and smart contracts can facilitate cross-organisational collaboration and their underlying business processes. Hence, they are able to support the integration of entrepreneurs and SMEs into trans-national supply chains by reducing high entry barriers and weakening the dominating position of big players. This paper discusses the research questions how blockchain smart contracting can facilitate the implementation of collaborative logistics structures and how the integration of SMEs into sustainable maritime supply chains can be safeguarded. The research bases on expert interviews and case studies. The results showcase the potentials of using blockchain smart contracting in the environment of trans-national and multimodal supply chains.
Over eight years from its conception, Blockchain is considered as a ground-breaking innovation in information technology. The technologyâs promises of complete disintermediation and enhanced process visibility turned supply chain and logistics into a fertile ground for a blockchain potential implementation. Despite these high expectations, both practitioners and researchers still struggle in identifying the blockchain real benefits to the industry. Moreover, the several private projects and start-ups offering blockchain solutions, which are blossoming in the logistics environment, are threatening the role of the Port of Rotterdam and Portbase as the port inter-organizational information system. Commissioned by Smartport, this research aims to identify the potential blockchain uses on port logistics as well as their relative impact. Therefore, the functionality offered by the current market applications are categorized into four business cases, which identify different uses of the blockchain. These blockchain business cases are subsequently analyzed under six different points of view in order to evaluate the expected benefit that the major stakeholder expect to gain from the technology implementation. Finally, the impact of these business cases is tested on the business model components of the current port information system, Portbase, to identify the disruptive power of the technology. To face the potential issue of disintermediation; a set of solutions have been developed for Portbase on how to adapt its business model in case of a blockchain implementation. This strong conceptualization of the blockchain technology helps the main logistic stakeholders to understand and discuss the potential application of blockchain technology on port logistics, and it provides a much-needed basis for further scientific research. Further development of this conceptualization is needed to structure the ongoing blockchain discussions in both scientific literature and practice.
This article is concerned with an analytical summary of how the Japanese container ports have been taking place overcapacity problem in a systematic way. It focuses on institutional aspects of the overcapacity problem from the viewpoint of accounting cost and opportunity cost. The first issue arises due to the port authority's accounting system and insufficient disclosures of financial statements of port business to the port users and taxpayers. The second issue is inherently related to resource allocation between the state government and local governments through the budget system and income distribution programmes. Since a proper allocation of economic resources in the port sector as a whole will depend on investment decisions being taken within a coherent framework for ensuring that costs are passed on to port users, these issues are closely related to each other in reality. Although the budget system is completely controlled by the state government, the local governments have authoritative power over port planning, financing, and management, which is assured by the Ports and Harbours Law. The overcapacity problem appears to be an inevitable result.
No AccessPolicy Research Working Papers21 Jun 2013Privatization and Regulation of the Seaport IndustryAuthors/Editors: Lourdes Trujillo, Gustavo NombelaLourdes Trujillo, Gustavo Nombelahttps://doi.org/10.1596/1813-9450-2181SectionsAboutPDF (0.3 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:September 1999 Containerized shipping has brought profound changes to maritime transport, including a shift from labor-intensive to more capital-intensive activities. Revising the traditional organization of seaports everywhere will prepare ports for a more competitive market and less financial dependence on governments. With containerized shipping, maritime transport has changed profoundly. Among other things, it has shifted from labor-intensive to more capital-intensive activities, including larger specialized ships that require substantial investments in port infrastructure and equipment. Integrated transport chains have reduced transport costs so much that a shipper may find a distant port cheaper than a closer one. Modern ports must be competitive on times and prices for their services. Seaports must be integrated within logistical chains to serve their many functions. An efficient seaport requires infrastructure, superstructure, equipment, adequate connections to other modes of transport, a well-motivated management, and qualified employees. The public sector has been an important port organizer in the past, but private participation in port operations and infrastructure could make ports significantly more competitive. Trujillo and Nombela provide an overview of changes in maritime activity, discuss concession contracts (a key instrument of privatization), and analyze how regulatory mechanisms affect such factors as seaport tariffs, port congestion, port safety, the quality of cargo handling, and relevant indicators of performance, finances, and factor productivity. They describe how an optimal seaport system should allocate tasks between the various institutions involved, including the port authority. The degree of a seaport's decentralization, they conclude, depends on a country's size, the number of ports it has, and its legal tradition. Among several national governments in Latin America - Argentina, Brazil, Colombia, Mexico, and Venezuela - there is an evident trend toward decentralization and greater autonomy for port authorities. This paper - a product of Governance, Regulation, and Finance, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation. 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