Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310120 
Year of Publication: 
2020
Citation: 
[Journal:] Logistics [ISSN:] 2305-6290 [Volume:] 4 [Issue:] 4 [Article No.:] 30 [Year:] 2020 [Pages:] 1-31
Publisher: 
MDPI, Basel
Abstract: 
This paper presents the value proposition of blockchain for Port Community Systems (PCS) by dissecting the business processes in port logistics and unfolding functionalities of blockchain in lowering the transaction cost. This paper contributes to the research by a detailed technical assessment of the plethora of currently available blockchain platforms and consensus mechanisms, against the identified requirements in this specific use case. The results of this technical assessment highlight the central value proposition of blockchain for landlord ports, which is independency from a central authority as the controlling agent. Bridging between two research domains of Information Technology and Logistics, this paper proposes the preferred architectural design requirements of a blockchain-based PCS, including provisioning private sidechains, modular design with inter-chain interoperability, and encrypted off-chain data storage. Availability - the readiness for correct service, and reliability - the continuity of correct service, are heavily reliant on the right choice being made for blockchain design for such a complex use case. A preliminary comparative analysis among different decentralisation levels in this paper suggests that a permissioned public blockchain offers the best trade-off in performance measures for this use case. This technical review identifies six research agenda from a design perspective.
Subjects: 
supply chain
logistics
freight transportation
distributed ledger technology
maritime transportation
international trade
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.