Blockchain is an emerging technology in logistics and supply chain management. However, its adoption is still in a doldrum with limited success. This study explores container shipping service providers’ (CSSPs) current adoption status and perceived barriers in integrating blockchain applications before providing adoption recommendations.
BR_10: Scalable blockchain applications in container shipping are rare and not conveniently connected with other blockchains (e.g., supply chain, retail, payment). While requiring mass adoption, the current applications find it difficult to seek approval/agreement from all critical parties (e.g., customs, banks).
Additionally, blockchain’s smart contract functionality enables the automation of complex business processes (Viriyasitavat and Hoonsopon, 2019). The application of blockchain technology in the shipping sector not only holds economic value but also carries profound social significance.
BR_02: Transparency has not been a trait of container shipping or maritime transportation business, while blockchain technology does not have a clear cybersecurity record. The current blockchain applications in container shipping cannot provide adequate privacy and confidentiality certainty that the potential participants require.
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