Open AccessDesigning supply chain models with blockchain technology in the fishing industry in Indonesia
Author(s) -
S. Larissa,
Joniarto Parung
Publication year - 2021
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/1072/1/012020
Subject(s) - blockchain , traceability , supply chain , distributed ledger , fishing , business , profit (economics) , fishing industry , transparency (behavior) , industrial organization , commerce , computer science , computer security , fishery , economics , marketing , microeconomics , software engineering , biology
The fishing industry contributes to the national economy and has a high risk of being traded because it has a long shipping time, limited time to consume, and the amount traded varies depending on the season. This risk can reduce the potential profit of players in the fishing industry. To reduce this risk and maximize added value, blockchain technology is used to change the supply chain of the fishing industry. Blockchain technology is a ledger database that is distributed to record transactions among parties that can be verified and permanently. This paper proposes a blockchain technology framework in the fishing industry. This paper will explain the definition and benefits of blockchain, current applications, and design a new model of the supply chain. The potential benefits of the blockchain are transparency and traceability, reducing costs and time, and preventing illegal or unethical fishery products from entering the supply chain. Moreover, this paper will also explore how to build this blockchain technology in the supply chain.