Blockchain is a time-stamped series of a record of data that is managed by several computers that are not owned by any single person or company. The technology has the potential to revolutionize the maritime industry by enhancing transparency, security, and efficiency in global shipping and logistics. It addresses some of the most persistent challenges in maritime logistics, including inefficiencies, fraud, and lack of transparency. Its inherent immutability and use of powerful encryption technology offer high security from fraudulent activities, such as document manipulations. This paper investigates the integration of blockchain technology into the maritime industry.
blockchain, distributed digital ledger, maritime industry
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