This white paper shows how small and medium sized companies (SME) involved in supply chains affiliated to the maritime industry and port industrial areas are challenged by the diffusion of technologies and managerial principles associated with Industry 4.0 with a special focus on blockchain technology. Blockchain technology creates potential for added value through transparency and auditability of data flows that arise through system decentralization, where intermediary parties such as a central authority will not store data or verify transactions. Instead of conventional workflows, the technology brings new approaches to collaboration by combining multiple parties with equality of data ownership. In doing so, blockchain technology challenges conventional rules of data ownership.
While attention on blockchain technology has been increasing, most blockchain projects are still under development. However, the technology gained ground in areas such as healthcare, governance, and supply chain management. This white paper focuses on the potentials and challenges of blockchain technology in maritime related supply chains.
Based on a discussion of industry preparedness for Industry 4.0, a taxonomy of blockchain adoption is presented. The taxonomy is based on two dimensions including: (1) the digital complexity of internal activities and (2) the degree of value chain integration between actors in the supply chain. The dimensions encompass four archetypes of behavior on blockchain adoption that are applied in the following analysis.
The potential for blockchain technology is increasingly evident in supply chain logistics and manufacturing that is often located in industrial areas such as ports. By studying blockchain potentials in Danish maritime SMEs, the findings reflect the currently limited insight into blockchain technology from the point of view of business actors. As shown in the study of three Danish supply chains, containers, seafood and recirculated plastics, there are low-hanging potentials to be realized through changes to the current technologies and systems in application.
The publication reports on a study of blockchain in the maritime sector with a focus on three value chains, namely container transport, fishing and processing of fish and shellfish, and plastic recycling. The publication describes different ways of using blockchain in the form of different types of companies, and with this as a starting point, the publication discusses the prerequisites for blockchain to be used in the analyzed value chains.