Development of State-of-the -Art on Blockchain Technologies in Ports and Terminals Report
Globalization and increasing demands for maritime shipping has had a dramatic influence on port and terminal around the world as ports are not only handling cargo, but information. Major ports, i.e., Port of Rotterdam and Port of Singapore, have redefined the sea freight logistics through the adoption of various emerging technologies, such as Artificial Intelligence, Blockchain, Cloud Computing and Internet of Things, etc. Due to various reasons, such as lack of resources, small and medium size ports (e.g. ports in the South Baltic Region) have a challenge in adopting technologies, such as those used by the larger ports. As part of a deliverable assigned by the Connect2Small PortsProject, an EU financed project, the emphasis of this report is to study and understand the components that hinder or promote the success in the application of Blockchain technology solutions for ports and terminals. The scope of this study is specifically on Blockchain and on small and medium size ports in the South Baltic Sea Region. The results, which are based on analysis on a literature review, questionnaires and field studies, highlight the advantages and obstacles for adoption of Blockchain. Finally, a SWOT analysis, value creation is identified; and best practices are identified on what are the “do’s and don’ts”.
The authors have strived to present the most accurate data and information in this report by taking ethical research considerations during the research and in the publishing