Some Tasks for the Use of Blockchain Technology to Improve Transparency in Maritime Transportation
Cheol‐Ho Kim · Journal of Korea Research Association of International Commerce · 2022
Traditional maritime transportation has several problems, such as complicated transaction processes, high dependence on paper documents, difficulty in obtaining timely information, and difficulty in tracking cargo. Due to these problems, it is difficult to secure the visibility and transparency for transporting cargo. Therefore, we considered a plan to improve the visibility and transparency of maritime transportation through real-time tracking of the movement route and status of transporting cargo in the maritime transportation process through the application of blockchain technology in maritime transportation. For these purposes, we analyzed the problems faced by traditional maritime transportation, and examined the necessity and expected effects of blockchain technology in maritime transportation. And we reviewed the challenges to the widespread adoption of blockchain technology in maritime transport from the technical, legal, transactional, and environmental perspectives.