The Blockchain and DLTs in the Maritime Industry: Potential and Barriers

The Blockchain and DLTs in the Maritime Industry: Potential and Barriers

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Submitted Sep 17, 2020
Published Oct 7, 2020
DOI https://doi.org/10.24018/ejece.2020.4.5.243
Abstract viewed = 470 times
Issue
Vol. 4 No. 5 (2020)
Section
Articles

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  •   A. Panos

    •    University of West Attica, Greece
  •   G. Kapnissis

    •    University of West Attica, Greece
  •   H. C. Leligou

    •    Univeristy of West Attica, Greece

Abstract

In the shipping industry, a significant part of the documents exchanges still have the traditional paper form, mainly due to security concerns, despite the size and modernization efforts of this market. We explore the adoption of the blockchain and Distributed Ledger Technologies to address document exchange in a fast and secure way.


Keywords: Bill of Lading, Blockchain, DLT, Maritime Industry

References

Sanchez Gonzalez, Pedro Luis & Díaz-Gutiérrez, David & Leo, T.J. & Núñez, Luis. “Toward Digitalization of Maritime Transport?”, Sensors. Vol. 19, no. 4, pp. 926. 10.3390/s19040926, (2019).

Jake Herd, ‘BLOCKS OF LADING’ Distributed Ledger Technology and the Disruption of Sea Carriage Regulation, QUT Law Review – Vol 18, No 2.

Raphael Brunner, Electronic Transport Documents And Shipping Practice Not Yet A Married Couple, LL.M. Shipping Law, 2007.

https://cargox.io/CargoX-Business-Overview-Technology-Bluepaper.pdf.

UNCITRAL Model Law on Electronic Transferable Records.

Takahashi, Koji. "Bahraini legislation based on the UNCITRAL MLETR". Blockchain, Cryptocurrency, Crypto-asset and the Law. Retrieved 12 February 2019.

Liu H. (2020) Blockchain and Bills of Lading: Legal Issues in Perspective. In: Mukherjee P., Mejia, Jr. M., Xu J. (eds) Maritime Law in Motion. WMU Studies in Maritime Affairs, vol 8. Springer, Cham.

United Nations Conference on trade and development, the use of transport documents in international trade, UNCTAD (2003).

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How to Cite
[1]
Panos, A., Kapnissis, G. and Leligou, H.C. 2020. The Blockchain and DLTs in the Maritime Industry: Potential and Barriers. European Journal of Electrical Engineering and Computer Science. 4, 5 (Oct. 2020). DOI:https://doi.org/10.24018/ejece.2020.4.5.243.