Write your message

Volume 18 -                   ijmt 2023, 18 - : 40-51 | Back to browse issues page

XML Print

Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Sabz Gashtasebi M, Yousefi H, kouhbor M A. Studying the Impact of Blockchain Technology on Maritime Trade with Focusing on Identifying and Prioritizing the Underlying Factors for its Adoption in Iran’s Maritime Trade. ijmt 2023; 18 :40-51
URL: http://ijmt.ir/article-1-795-en.html
1- Department of Maritime transportation, Faculty of Economics and Management, Khorramshahr University of Marine Science and Technology, Khoramshahr, Iran
2- Associate Professor, Khorramshahr University of Marine Science and Technology - Khorramshahr , Iran
3- Assistance Professor, Khorramshahr University of Marine Science and Technology
Abstract:   (1065 Views)
Blockchain is a novel and disruptive technology that has the potential to transform the current international business and trade processes that rely on traditional intermediaries. It is a distributed ledger that verifies and records transactions using a peer-to-peer network over time in a sequence of blocks, secured by cryptographic functions that are complex, immutable and tamper-proof. International maritime trade, which is the main mode of global transportation, expects to change its business model by adopting blockchain, which enables a decentralized architecture of international transactions without intermediaries and facilitates paperless trade. Moreover, blockchain aims to address the problems and inefficiencies that plague maritime trade. However, there are key factors that influence the adoption of blockchain in maritime trade that need to be investigated in order to successfully implement this technology in the future. This study examined the impact of blockchain technology on maritime trade and identified the factors affecting its acceptance in Iranian maritime trade using the research background, literature review and interviews with experts who were PMO managers. These factors were validated by the Delphi method and then categorized and prioritized using the theoretical framework of technology, organization, environment (TOE) and analytical hierarchy process. The results indicated that “blockchain benefits” in the “technology” dimension, “human resource capability” in the “organization” dimension and “government support and policy” in the “environment” dimension were ranked first. These findings could assist the stakeholders in Iran’s maritime trade, such as ports, customs, government agencies, and transportation logistics companies, in developing strategies for the successful adoption and advancement of blockchain and enhancing their organizational competitiveness.
Full-Text [PDF 652 kb]   (244 Downloads)    
Type of Study: Research Paper | Subject: Maritime Transport and Port Management
Received: 2022/02/27 | Accepted: 2023/10/16

1. Brilliantova, Vlada & Thurner, Thomas Wolfgang, 2019. "Blockchain and the future of energy," Technology in Society, Elsevier, vol. 57(C), [DOI:10.1016/j.techsoc.2018.11.001]
2. Allison, I. (2016), "Shipping giant Maersk tests blockchain-powered bill of lading", International Business Times,
3. Park, T. (2018), "Blockchain Is About to Revolutionize the Shipping Industry",
4. Allison, I. (2017), "Maersk and IBM want 10 million shipping containers on the global supply blockchain by year-end", International Business Times, 8 March 2017
5. Chang, S., Chen, Y., & Lu, M. (2019). Supply chain re-engineering using blockchain technology: A case of smart contract based tracking process. Technological Forecasting and Social Change, 144, 1-11. [DOI:10.1016/j.techfore.2019.03.015]
6. Microsoft. 2018. "How Blockchain will Transform the Modern Supply Chain".
7. Johnson, M. E. 2006. "Supply Chain Management: Technology, Globalization, and Policy at a Crossroads." Interfaces 36 (3): 191-193 [DOI:10.1287/inte.1060.0214]
8. Lambert, D. M., and M. G. Enz. 2017. "Issues in Supply Chain Management: Progress and Potential." Industrial Marketing Management 62 (Supplement C): 1-16 [DOI:10.1016/j.indmarman.2016.12.002]
9. Bustillos, M. (2013), "The Bitcoin Boom", The New Yorker, 1 April 2013.
10. Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. available at: https://bitcoin.org/bitcoin.pdf
11. Deloitte (2018), Blockchain, legal implications, questions, opportunities and risks, Deloitte Legal, March 2018
12. Reed Smith. 2016. "Electronic Bills of Lading: Another Step Forward!" Reed Smith. https://www.reedsmith.com/en/perspectives/2016/01/electronic-bills-of-lading-another-step forward
13. Dubovec, M. 2005. "The Problems and Possibilities for Using Electronic Bills of Lading as Collateral." Arizona Journal of International & Comparative Law 23: 437
14. Seatrade. 2018b. "Where the Digital and Physical World's Meet the Biggest Risk for Blockchain." Seatrade Maritime News. http://www.seatrade-maritime.com/news/europe/where-the-digital-and-physicalworld-s-meet-the-biggest-risk-for-blockchain.html
15. Kshetri, N. (2018). 1 Blockchain's roles in meeting key supply chain management objectives. Int. J. Inf. Manag., 39, 80-89. [DOI:10.1016/j.ijinfomgt.2017.12.005]
16. Shankar, R., Gupta, R., & Pathak, D. (2018). Modeling critical success factors of traceability for food logistics system. Transportation Research Part E-logistics and Transportation Review, 119, 205-222. [DOI:10.1016/j.tre.2018.03.006]
17. Wu, I., Chuang, C., & Hsu, C. (2014). Information sharing and collaborative behaviors in enabling supply chain performance: A social exchange perspective. International Journal of Production Economics, 148, 122-132. [DOI:10.1016/j.ijpe.2013.09.016]
18. Kavussanos, Manolis & Tsouknidis, Dimitris. (2011). Default Risk Drivers in Shipping Bank Loans.
19. Martin, D. 2017. Key Business Drivers and Opportunities in Cross-Border Ecommerce. Amsterdam: Payvision.
20. Yuan, Y., and F. Y. Wang. 2016. "Blockchain: The State of the Art and Future Trends." Zidonghua Xuebao/ActaAutomatica Sinica 42 (4): 481-494.
21. Nath, I. 2016. "Data Exchange Platform to Fight Insurance Fraud on Blockchain." In Proceedings of 2016 IEEE 16th International Conference on Data Mining Workshops (ICDMW), Barcelona, Spain: IEEE, 821-825. doi:10.1109/ICDMW.2016.0121 [DOI:10.1109/ICDMW.2016.0121]
22. Püttgen, F., and M. Kaulartz. 2017. "Insurance 4.0: Use of Blockchain Technology and Smart Contracts in the Insurance Sector." ERA Forum 18 (2): 249-262. doi:10.1007/s12027-0170479-y [DOI:10.1007/s12027-017-0479-y]
23. Tornatzky, L. G., Fleischer, M., & Chakrabarti, A. K. (1990). Processes of technological innovation: Lexington books.
24. Al-Jaroodi, J., & Mohamed, N. (2019). Blockchain in Industries: A Survey. IEEE Access, 7, 36500-36515. [DOI:10.1109/ACCESS.2019.2903554]
25. Hughes, D.L., Dwivedi, Y.K., Misra, S., Rana, N.P., Raghavan, V., & Akella, V. (2019). Blockchain research, practice and policy: Applications, benefits, limitations, emerging research themes and research agenda. Int. J. Inf. Manag., 49, 114-129. [DOI:10.1016/j.ijinfomgt.2019.02.005]
26. Schuetz, S., Venkatesh, V., 2019. Blockchain, adoption, and financial inclusion in India: Research opportunities. Int. J. Inf. Manage. [DOI:10.1016/j.ijinfomgt.2019.04.009]
27. Queiroz, M., & Wamba, S. (2019). Blockchain adoption challenges in supply chain: An empirical investigation of the main drivers in India and the USA. Int. J. Inf. Manag., 46, 70-82. [DOI:10.1016/j.ijinfomgt.2018.11.021]
28. Lindman, J., Tuunainen, V. K., & Rossi, M. (2017). Opportunities and risks of Blockchain Technologies-a research agenda [DOI:10.24251/HICSS.2017.185]
29. Morkunas, V.J., Paschen, J., & Boon, E. (2019). How blockchain technologies impact your business model. Business Horizons, 62, 295-306. [DOI:10.1016/j.bushor.2019.01.009]
30. Nilashi, M., Ahmadi, H., Ahani, A., Ravangard, R., & Ibrahim, O. (2016). Determining the importance of Hospital Information System adoption factors using Fuzzy Analytic Network Process (ANP). Technological Forecasting and Social Change, 111, 244-264. [DOI:10.1016/j.techfore.2016.07.008]
31. Jonathan Q. Morgan (2012) Regional clusters and jobs for inner city workers: the case of transportation, distribution, and logistics, Community Development, [DOI:10.1080/15575330.2012.694108]
32. Dubey, R., Gunasekaran, A., Childe, S., Roubaud, D., Wamba, S., Giannakis, M., & Foropon, C.R. (2019). Big data analytics and organizational culture as complements to swift trust and collaborative performance in the humanitarian supply chain. International Journal of Production Economics, 210, 120-136. [DOI:10.1016/j.ijpe.2019.01.023]
33. Dai, Jing & Chan, Hing & Yee, Rachel. (2018). Examining moderating effect of organizational culture on the relationship between market pressure and corporate environmental strategy. Industrial Marketing Management. 74. [DOI:10.1016/j.indmarman.2018.05.003]
34. Min, H. (2019). Blockchain technology for enhancing supply chain resilience. Business Horizons, 62, 35-45. [DOI:10.1016/j.bushor.2018.08.012]
35. Angelis, J., & Silva, E.H. (2019). Blockchain adoption: A value driver perspective. Business Horizons, 62, 307-314. [DOI:10.1016/j.bushor.2018.12.001]
36. Montecchi, M., Plangger, K., & Etter, M. (2019). It's real, trust me! Establishing supply chain provenance using blockchain. Business Horizons, 62, 283-293. [DOI:10.1016/j.bushor.2019.01.008]
37. Wang, Y., Singgih, M., Wang, J., & Rit, M. (2019). Making sense of blockchain technology: How will it transform supply chains? International Journal of Production Economics, 211, 221-236. [DOI:10.1016/j.ijpe.2019.02.002]
38. Kosow, H., & Gassner, R.J. (2008). Methods of Future and Scenario Analysis: Overview, Assessment, and Selection Criteria.
39. Schmidt, RC. (1997). 'Managing Delphi surveys using nonparametric statistical techniques,'Decision Sciences, 28, (3), 763-774. [DOI:10.1111/j.1540-5915.1997.tb01330.x]
40. Saaty, T.L., and Aczel, J., 1983, On synthesizing judgments, Journal of Math. Psychology,

Send email to the article author

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Creative Commons License
International Journal of Maritime Technology is licensed under a

Creative Commons Attribution-NonCommercial 4.0 International License.