How Blockchain Could Be Implemented for Exchanging Documentation in the Shipping Industry

Christopher Loklindt, Marc-Philip Moeller, Aseem Kinra

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

The purpose of this study is to investigate the conditions under which blockchain technology can be adopted and the design criteria that are needed for exchanging shipping documentation in containerized shipping. To alleviate the impact of current documentation exchange mechanisms on supply chain efficiency in the maritime industry, this study aims at presenting guidelines for leveraging blockchain technology as a solution for exchanging documentation in the shipping industry. We conduct semi-structured interviews with representatives from business, IT, and public institutions. This qualitative data is analyzed through a theoretical framework comprising transaction cost economics, diffusion of innovation and design theory. Based on the theoretical model and stakeholder analysis, a set of eight design principles are proposed for the successful implementation of blockchain. These are (1) Immutability, (2) Decentralization, (3) Security, (4) Privacy, (5) Compatibility, (6) Scalability, (7) Inclusiveness and (8) Territoriality. Furthermore, the study investigates four potential approaches for the implementation phase affecting the likelihood of adoption by industry stakeholders. The exploratory approach and generic framework provides the groundwork and inspiration for further research in supply chain management and the emerging field of blockchain technology.
Original languageEnglish
Title of host publicationDynamics in Logistics : Proceedings of the 6th International Conference LDIC 2018, Bremen, Germany
EditorsMichael Freitag, Herbert Kotzab, Jürgen Pannek
Number of pages5
Place of PublicationCham
PublisherSpringer
Publication date2018
Pages194-198
ISBN (Print)9783319742243
ISBN (Electronic)9783319742250
DOIs
Publication statusPublished - 2018
EventThe 6th International Conference on Dynamics in Logistics. LDIC 2018 - Bremer Institut für Produktion und Logistik, Bremen, Germany
Duration: 20 Feb 201822 Feb 2018
Conference number: 6
http://www.ldic-conference.org/

Conference

ConferenceThe 6th International Conference on Dynamics in Logistics. LDIC 2018
Number6
LocationBremer Institut für Produktion und Logistik
CountryGermany
CityBremen
Period20/02/201822/02/2018
Internet address

Keywords

  • Blockchain
  • Digitization
  • Distributed ledger technology
  • Documentation exchange
  • Maritime logistics
  • Shipping
  • Supply chain management

Cite this

Loklindt, C., Moeller, M-P., & Kinra, A. (2018). How Blockchain Could Be Implemented for Exchanging Documentation in the Shipping Industry. In M. Freitag, H. Kotzab, & J. Pannek (Eds.), Dynamics in Logistics: Proceedings of the 6th International Conference LDIC 2018, Bremen, Germany (pp. 194-198). Cham: Springer. https://doi.org/10.1007/978-3-319-74225-0_27
Loklindt, Christopher ; Moeller, Marc-Philip ; Kinra, Aseem. / How Blockchain Could Be Implemented for Exchanging Documentation in the Shipping Industry. Dynamics in Logistics: Proceedings of the 6th International Conference LDIC 2018, Bremen, Germany. editor / Michael Freitag ; Herbert Kotzab ; Jürgen Pannek. Cham : Springer, 2018. pp. 194-198
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Loklindt, C, Moeller, M-P & Kinra, A 2018, How Blockchain Could Be Implemented for Exchanging Documentation in the Shipping Industry. in M Freitag, H Kotzab & J Pannek (eds), Dynamics in Logistics: Proceedings of the 6th International Conference LDIC 2018, Bremen, Germany. Springer, Cham, pp. 194-198, Bremen, Germany, 20/02/2018. https://doi.org/10.1007/978-3-319-74225-0_27

How Blockchain Could Be Implemented for Exchanging Documentation in the Shipping Industry. / Loklindt, Christopher; Moeller, Marc-Philip; Kinra, Aseem.

Dynamics in Logistics: Proceedings of the 6th International Conference LDIC 2018, Bremen, Germany. ed. / Michael Freitag; Herbert Kotzab; Jürgen Pannek. Cham : Springer, 2018. p. 194-198.

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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AB - The purpose of this study is to investigate the conditions under which blockchain technology can be adopted and the design criteria that are needed for exchanging shipping documentation in containerized shipping. To alleviate the impact of current documentation exchange mechanisms on supply chain efficiency in the maritime industry, this study aims at presenting guidelines for leveraging blockchain technology as a solution for exchanging documentation in the shipping industry. We conduct semi-structured interviews with representatives from business, IT, and public institutions. This qualitative data is analyzed through a theoretical framework comprising transaction cost economics, diffusion of innovation and design theory. Based on the theoretical model and stakeholder analysis, a set of eight design principles are proposed for the successful implementation of blockchain. These are (1) Immutability, (2) Decentralization, (3) Security, (4) Privacy, (5) Compatibility, (6) Scalability, (7) Inclusiveness and (8) Territoriality. Furthermore, the study investigates four potential approaches for the implementation phase affecting the likelihood of adoption by industry stakeholders. The exploratory approach and generic framework provides the groundwork and inspiration for further research in supply chain management and the emerging field of blockchain technology.

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Loklindt C, Moeller M-P, Kinra A. How Blockchain Could Be Implemented for Exchanging Documentation in the Shipping Industry. In Freitag M, Kotzab H, Pannek J, editors, Dynamics in Logistics: Proceedings of the 6th International Conference LDIC 2018, Bremen, Germany. Cham: Springer. 2018. p. 194-198 https://doi.org/10.1007/978-3-319-74225-0_27