Next Article in Journal
Challenging Ingrained Thoughts? The Joint Effect of Stereotypes and Awareness of Related Information on Pro-Environmental Behavior in China
Next Article in Special Issue
Regional Cooperation Ecosystem: Case of the Žilina Self-Government Region (Slovak Republic)
Previous Article in Journal / Special Issue
Uncovering Patterns of Location of Brownfields to Facilitate Their Regeneration: Some Remarks from the Czech Republic
Open AccessArticle

Applying Blockchain Technology: Evidence from Norwegian Companies

Department of Maritime Operations, Faculty of Technology, Natural Sciences and Maritime Sciences, University of South-Eastern Norway, Postbox 235, 3603 Kongsberg, Norway
Nord University Business School, Nord University, Universitetsaleen, 8049 Bodø, Norway
Faculty of Business Administration and Social Sciences, Western Norway University of Applied Sciences, Campus Haugesund, Bjørnsonsgate 45, 5528 Haugesund, Norway
Author to whom correspondence should be addressed.
Sustainability 2018, 10(6), 1985;
Received: 30 April 2018 / Revised: 26 May 2018 / Accepted: 7 June 2018 / Published: 13 June 2018
(This article belongs to the Special Issue Alliances and Network Organizations for Sustainable Development)
The aim of this study is to develop a theoretical framework for blockchain, operations in particular. Furthermore, we aim to identify the main drivers and barriers of digital innovation and explore the general possibilities of blockchain applications within the maritime industry. A case study approach is applied: the Norwegian offshore industry. Primary data is collected through interviews, while secondary data is collected from industrial and company reports, the Internet, and national and international media reports. We have discovered that cost reduction intentions, the high level of regulation in the maritime industry, and the large amount of data that maritime companies should process, along with the intention to work more effectively, are the main drivers of digital innovation. On the other hand, the high cost of implementation, the bad quality of Internet connections offshore, the old age of decision-makers, the technology-oriented culture, the lack of investment initiatives, the low level of blockchain diffusion through the supply chain, and risk aversion are the main barriers. The results of the qualitative study show that some of the barriers and motives of digital innovation and the introduction to blockchain technology were pointed out by earlier studies. However, we have identified several unique drivers and barriers specific to the industry. Finally, the blockchain process framework is developed. View Full-Text
Keywords: blockchain technology; innovation; maritime industry; supply chain; technology applied to maritime industry blockchain technology; innovation; maritime industry; supply chain; technology applied to maritime industry
Show Figures

Figure 1

MDPI and ACS Style

Gausdal, A.H.; Czachorowski, K.V.; Solesvik, M.Z. Applying Blockchain Technology: Evidence from Norwegian Companies. Sustainability 2018, 10, 1985.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

Back to TopTop