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Blockchain and Smart Contracts for Entrepreneurial Collaboration in Maritime Supply Chains
2019
Transport and Telecommunication
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. Moreover, we argue, blockchain and smart contracts can facilitate cross-organisational collaboration and their underlying business processes. Hence, they are able to support the integration of
doi:10.2478/ttj-2019-0030
fatcat:sbrrzhn3c5c3tmqphfhk42u6wy