A Conceptual System of Blockchain-Based Electronic Bill of Lading
Sedat Baştuğ, Ercan Akan, Turgay Battal · Advances in logistics, operations, and management science book series · 2019
Blockchain-based electronic bill of lading will reshape the global logistics industry, replacing old-style paper bill of lading documents. This chapter establishes blockchain-based electronic bill of lading conceptual model, with which stakeholders may be able to state and transfer cargo ownership rights without the hassle of the handling paper, and proposes an implementation of the framework for researchers. This chapter provides a way for stakeholders to exchange these documents digitally, securely, and with no possibility of fraud in a neutral environment – extremely quickly and much more affordably than currently possible. The ecosystem of blockchain-based electronic bill of lading services will transform the global logistics industry. The study findings offer logistics managers and software programmers the ability to develop their documentation strategies and own blockchain-based electronic bill of lading platforms.