Paper Title: Elevating Transparency in Global Maritime Logistics through Blockchain Technology
Conference Name: KICS_Winter_2024
Abstract: Effective marine logistics are essential for international commerce in the age of globalization. Traceability, conflict resolution, and transparency are problems for traditional systems. This study presents a unique method to improve the efficiency and transparency of marine logistics using smart contracts and blockchain technology. The proposed technique uses a smart contract and the Ethereum blockchain to handle the cargo lifetime. Necessary parties involved in the system include exporters, logistics, customs authorities, and arbitrators. The performance review highlights the advantages of automated processes, security, and decentralization in marine logistics. The results demonstrate a more efficient procedure, fewer disagreements, and enhanced traceability. The findings of this study have the potential to transform how it approaches international trade completely.