Applying Blockchain Technology: Evidence from Norwegian Companies

Gausdal, Anne Haugen; Czachorowski, Karen V.; Solesvik, Marina

doi:10.3390/su10061985

Cited by 111 publications

(95 citation statements)

References 17 publications

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“…The ease of forgery risks undermining these relationships. With blockchain technology, one could easily overcome this problem [122]. However, the cost of implementation is very high, especially for small local producers [115].…”

Section: Information and Communication Technologies And Local Productsmentioning

confidence: 99%

“…Moreover, an important barrier to adoption for small producers is represented by the inefficiency of the internet (or a too slow connection) and by the delay in adoption, in other words, the impossibility of simultaneous adoption by all the actors operating in the chain. In addition to this, even the scarce digitalization of the partners could worry a company at the time of adoption, since it would make it difficult to use the blockchain even internally within its business [122]. Small and traditional enterprises, especially, may be a familial business (which are very common in Italy for EVOO), could have weak incentives to implement such an innovative technology.…”

Section: Information and Communication Technologies And Local Productsmentioning

confidence: 99%

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Sustainability Perception of Local Extra Virgin Olive Oil and Consumers’ Attitude: A New Italian Perspective

2020

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Extra virgin olive oil sustainability shows that it is strictly connected to local production and certifications. However, consumers’ behaviour toward a local product is tied with the information exchange between producers and consumers. The aim of the research is to analyse, using a logistic regression model, if the attitudes, habits, and behaviours of the consumers influence their opinion on the sustainability of local extra virgin olive oil, relative to the three dimensions of sustainability (environmental, socio-cultural, and economic). This study tries to combine studies about agri-food sustainability and consumers’ behaviour about local consumption, in an attempt to evaluate their attitude towards an agroecology food regime. Indeed, this information can be useful in order to plan adequate and specific interventions to improve the sustainability of the extra virgin olive oil production. The results indicate that the opinion about the sustainability of local extra virgin olive oil is linked to the information exchange between producers and consumers. This confirms that local alternative trade channels require numerous interventions in order to simplify and improve such exchange, both from a managerial and political point of view. Moreover, it can be useful to develop the information and communication technologies, in order to ensure the reliability, the transparency, and the security of the information exchange. This can also be useful to prevent frauds that are very common for this product.

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Section: Information and Communication Technologies And Local Productsmentioning

confidence: 99%

Section: Information and Communication Technologies And Local Productsmentioning

confidence: 99%

Sustainability Perception of Local Extra Virgin Olive Oil and Consumers’ Attitude: A New Italian Perspective

2020

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“…By adopting multi-case studies, nascent pilot materials deriving from webpages, news, and company reports are accessed to provide general overviews. Similar efforts could be referenced in blockchain applications in the marine industry [28]. However, little research effort has specifically focused on an analysis of the use of L/C in assisting trade finance, particularly from the perspective of promoting a paradigm shift.…”

Section: Methodsmentioning

confidence: 99%

“…Researchers have devoted effort to the exploration of blockchain adoption behaviors in the logistics and supply chain fields, in terms of technology adoption and network theories [7]. The most important drivers for blockchain adoption reported by researchers are cost reduction, the establishment of trust-free mechanisms, increased efficiency, enhanced transparency, and accountability [28]. Moreover, it is obvious that the blockchain has technical limitations at the current stage.…”

Section: Driving Factors Of the Paradigm Shiftmentioning

confidence: 99%

Blockchain-Enabled Trade Finance Innovation: A Potential Paradigm Shift on Using Letter of Credit

2019

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This paper explores a potential paradigm shift in trade finance utilizing blockchain technology. Traditionally, the centralized operating model has governed trade finance and the manner in which traders handle business processes. However, such heavy reliance on centralized authorities has made for poor performance, the lack of flexibility and transparency, and vulnerability to malicious alteration. The blockchain, as a distributed ledger technology (DLT), has attracted growing attention and has the potential to disrupt legacy finance procedures such as payment by letter of credit (L/C). International trade players may benefit from the technological reengineering of financial processes through the implementation of blockchain- and smart contract-based platforms. From the conceptual perspective of a paradigm shift, this study analyzes the feasibility of blockchain innovation in trade finance through modern blockchain-based L/C initiatives. Moreover, this study also explores blockchain applications in terms of logistics tracking and how it integrates with trade finance procedures. This study contributes to the understanding of a blockchain paradigm shift with a multi-case study. The results may illuminate the potential future application of blockchain finance and provide researchers with an illustrative example of other finance-related capabilities. Studies of trade-related topics such as customs clearances, insurance, and logistics applications need to be addressed in the future to create a comprehensively trustless environment and facilitate the automation of trade.

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“…[22]. One of the most promising areas of maritime innovation is related to digitalization, including the development of smart ships, smart fleet, and smart global logistics [23], so the digitalization can serve as the basis for sustainable maritime transport.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Maritime National Single Window—A Prerequisite for Sustainable Seaport Business

et al. 2019

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This paper presents a comprehensive review of National Single Window concept and its impact on sustainability in maritime transport and seaports. The theoretical frameworks of sustainability, maritime transport, seaports, the National Single Window and the Maritime National Single Window is provided. The importance of stakeholder connectivity in maritime transport and seaports in improving sustainability is demonstrated, as well as the advantages of smoother data exchange through global analysis of National Single Window examples, the majority of which present national and regional best practices and initiatives. Empirical data has been provided in order to demonstrate the impact of National Single Windows and Maritime National Single Windows on seaport sustainability (economic, environmental, and social).

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Applying Blockchain Technology: Evidence from Norwegian Companies

Cited by 111 publications

References 17 publications

Sustainability Perception of Local Extra Virgin Olive Oil and Consumers’ Attitude: A New Italian Perspective

Sustainability Perception of Local Extra Virgin Olive Oil and Consumers’ Attitude: A New Italian Perspective

Blockchain-Enabled Trade Finance Innovation: A Potential Paradigm Shift on Using Letter of Credit

Maritime National Single Window—A Prerequisite for Sustainable Seaport Business

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