Blockchain and Smart Contracts for Entrepreneurial Collaboration in Maritime Supply Chains

Abstract

Smart contracts are scripts on the top of the blockchain technology. They represent a form of automation by what the layers of intermediaries can be reduced or even completely replaced. Accordingly, blockchain smart contracting systems decrease transaction and enforcement costs as well as process time.

Keywords

• blockchain
• smart contracts
• maitime supply chains
• smes
• ports
• entrepreneurial collaboration