Barriers towards blockchain adoption in seafood exports

Abstract

Blockchain is a new technology that is seen to be transforming businesses across various industries. This technology provides transparency under all levels of business and it supports traceability across various supply chains which older technologies could not reach. This research explores various factors affecting the adoption of blockchain technology in seafood towards sustainable supplychain for exports. Based on feedback from seven companies, technique for order performance by similarity to ideal solution is deployed to identify important factors for sustainable supply chain solutions. Regulatory uncertainity emerges as the major factor, which calls for reforms in regulatory compliance. Implementation costs rank second and need to be reduced for better adoption of the technology.

Keywords

• Q22
• Q27
• O14
• O33