Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia
The primary research that underpins this paper seeks to explore the applications of blockchain technology on a specific international corridor and to draw policy implications for decision makers. To analyze the bottlenecks of operating on the New Silk Road and to identify opportunities for applying...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-08-01
|
| Series: | Logistics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2305-6290/5/3/55 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849428534733307904 |
|---|---|
| author | Bernard Aritua Clemens Wagener Norbert Wagener Michał Adamczak |
| author_facet | Bernard Aritua Clemens Wagener Norbert Wagener Michał Adamczak |
| author_sort | Bernard Aritua |
| collection | DOAJ |
| description | The primary research that underpins this paper seeks to explore the applications of blockchain technology on a specific international corridor and to draw policy implications for decision makers. To analyze the bottlenecks of operating on the New Silk Road and to identify opportunities for applying the blockchain technology on this corridor, a survey was conducted among main train operators and experts working on this route. These responses provide insight into the issues related to the adoption of blockchain technology from front-line actors. The top three challenges are lack of capacities, congestion at transshipment terminals, and slow border crossing. Through the application of blockchain technology, the operators are presented with opportunities for improved accuracy in the processing of data and information, higher reliability of information flows through failure-free transfer of information, and improved traceability of supply chains through irrevocable input of status information. Currently, 50% of the respondents have started to implement blockchain applications or have an actual interest to apply blockchain solutions. For a wider implementation of blockchain solutions, business models need to be developed allowing private and permissioned access that is accepted and open for parties involved. Policy makers should facilitate these digital innovations through flexible and harmonized legal regulations on an international level. |
| format | Article |
| id | doaj-art-2b07b279c2cc4b8abe2e0aca19ac222e |
| institution | Kabale University |
| issn | 2305-6290 |
| language | English |
| publishDate | 2021-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Logistics |
| spelling | doaj-art-2b07b279c2cc4b8abe2e0aca19ac222e2025-08-20T03:28:41ZengMDPI AGLogistics2305-62902021-08-01535510.3390/logistics5030055Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and AsiaBernard Aritua0Clemens Wagener1Norbert Wagener2Michał Adamczak3Transport Global Practice, The World Bank Group, Washington, DC 20433, USABLG Logistics Group AG & Co. KG, 14612 Falkensee, GermanyFaculty of Management and Logistics, Poznan School of Logistics, 6 Estkowskiego Street, 61-755 Poznan, PolandFaculty of Management and Logistics, Poznan School of Logistics, 6 Estkowskiego Street, 61-755 Poznan, PolandThe primary research that underpins this paper seeks to explore the applications of blockchain technology on a specific international corridor and to draw policy implications for decision makers. To analyze the bottlenecks of operating on the New Silk Road and to identify opportunities for applying the blockchain technology on this corridor, a survey was conducted among main train operators and experts working on this route. These responses provide insight into the issues related to the adoption of blockchain technology from front-line actors. The top three challenges are lack of capacities, congestion at transshipment terminals, and slow border crossing. Through the application of blockchain technology, the operators are presented with opportunities for improved accuracy in the processing of data and information, higher reliability of information flows through failure-free transfer of information, and improved traceability of supply chains through irrevocable input of status information. Currently, 50% of the respondents have started to implement blockchain applications or have an actual interest to apply blockchain solutions. For a wider implementation of blockchain solutions, business models need to be developed allowing private and permissioned access that is accepted and open for parties involved. Policy makers should facilitate these digital innovations through flexible and harmonized legal regulations on an international level.https://www.mdpi.com/2305-6290/5/3/55New Silk Roadblockchaininternational logistics networkssupply chains |
| spellingShingle | Bernard Aritua Clemens Wagener Norbert Wagener Michał Adamczak Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia Logistics New Silk Road blockchain international logistics networks supply chains |
| title | Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia |
| title_full | Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia |
| title_fullStr | Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia |
| title_full_unstemmed | Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia |
| title_short | Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia |
| title_sort | blockchain solutions for international logistics networks along the new silk road between europe and asia |
| topic | New Silk Road blockchain international logistics networks supply chains |
| url | https://www.mdpi.com/2305-6290/5/3/55 |
| work_keys_str_mv | AT bernardaritua blockchainsolutionsforinternationallogisticsnetworksalongthenewsilkroadbetweeneuropeandasia AT clemenswagener blockchainsolutionsforinternationallogisticsnetworksalongthenewsilkroadbetweeneuropeandasia AT norbertwagener blockchainsolutionsforinternationallogisticsnetworksalongthenewsilkroadbetweeneuropeandasia AT michaładamczak blockchainsolutionsforinternationallogisticsnetworksalongthenewsilkroadbetweeneuropeandasia |