An Extensive Preliminary Blockchain Survey from a Maritime Perspective

Abstract

The maritime industry is moving towards a digital ecosystem to achieve substantial mutual profits. To achieve this, there have been attempts to combine existing, disjointed systems into more efficient, standardized platforms that can be scaled up. However, this transition has faced challenges. To address these issues, it is suggested that innovative technologies such as blockchain be utilized due to their alignment with the sector’s needs. This study uses a triangulation approach by examining a mix of literature, web-based data, applications, and projects to showcase the contribution of blockchain and its potential use cases. We also explore its potential use cases based on other sectors using projection and parallelism. Additionally, the study delves into limitations and possible solutions. This research acts as a preliminary study for the implementation of blockchain in the maritime industry, and advocates for its use as a revolutionary approach. The findings will be beneficial for scholars, policy makers, and practitioners in the maritime industry.