Blockchain Adoption in Maritime Supply Chain: Another Catch-Up Game for African Maritime Industry?

Olugbenga Ayo Ojubanire, Hicham Sebti and Sabrina Berbain

Chapter 6 in Digitization in Supply Chain Management:Trends, Challenges and Solutions, 2024, pp 103-130 from World Scientific Publishing Co. Pte. Ltd.

Abstract: With over 90% of the world’s goods relying on the maritime industry for transport, the digitalization of the maritime supply chain and logistics is greatly due. The real-world utility of blockchain technologies is hardly a subject of concern today, even in Africa. The application and success stories are evident in key economic sectors with the digitalization of payments as a predominant example. Although classical maritime logistics has a poor end-to-end supply chain integration, digitalization of shipping operations leads to the creation of new and innovative business models capable of generating real values across the global value chain. While several studies have been done on digitalization with a focus on technologies of digitalization and the manufacturing industry, maritime supply chain issues in emerging economies such as Africa are yet to get much attention. This study, therefore, expounds on the challenges and opportunities of blockchain adoption in the African maritime industry.

Keywords: Digitalization; Supply Chain Management; Blockchain; IoT; Digital (search for similar items in EconPapers)
JEL-codes: O3 O32 (search for similar items in EconPapers)
Date: 2024
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