Blockchain Traceability in Trading Biomasses Obtained with an Integrated Multi-Trophic Aquaculture

Antonio Mileti (), Daniele Arduini, Gordon Watson and Adriana Giangrande
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Antonio Mileti: Department of Economics, University of Salento, 73100 Lecce, Italy
Daniele Arduini: Department of Science and Biological and Environmental Technologies, University of Salento, 73100 Lecce, Italy
Gordon Watson: Institute of Marine Sciences, School of Biological Sciences, University of Portsmouth, Portsmouth PO1 2UP, UK
Adriana Giangrande: Department of Science and Biological and Environmental Technologies, University of Salento, 73100 Lecce, Italy

Sustainability, 2022, vol. 15, issue 1, 1-14

Abstract: This study explores the application and critical issues related to the implementation of blockchain technology (BT) to the aquaculture sector, in order to understand the possibilities of improving the relationship with the supply chain and the end consumer, with a view to a sustainability for the marine environment and circular economy. Starting from considerations of commercial and political challenges related to credibility and fairness for all parties involved—from producers, to retailers, to end consumers—the procedure adopted was applied to the case of an Integrated Multi-Trophic Aquaculture project, developed in the sea of Taranto (Italy). Furthermore, it considered two different end markets: the food market for farmed fish and the ornamental fish market for marine aquariums. The results of the study confirm that although the implementation of BT by industries and producers of marine species has the potential to lead to successful sustainability solutions, such adoption is feasible over time only if all actors in the supply chain, from aquaculture companies, to retailers, to consumers, are actively and consciously involved and can access common benefits.

Keywords: marine aquaria; IMTA; sustainable innovation; digital technology; sustainable technology; performance economy; environmental policy strategies (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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