Maritime Blockchain Constraints' Analysis by ISM and MICMAC Techniques

Abstract

This article considers blockchain technology (BCT) applications, including maritime ones, along with the impediments in this groundbreaking technology wider adoption across maritime cluster. More precisely, the Interpretive Structural Modeling (ISM) accompanied with Cross-Impact Matrix Multiplication Applied Classification (MICMAC) technique are used for assessing the barriers in BCT deployment in shipping and port management. Considered barriers are identified through previous research studies in the field. Subjectivity inherent to the applied methodology, along with the need for careful selection of the experts involved in the analysis, are highlighted.