Blockchain Software Selection for a Maritime Organization with MCDM Method

Abstract

Technological development has begun with the Mainframe in 1970’s and the blockchain appears in near 2010s. The blockchain is known as a distributed ledger system that keeps records of the transactions between various parties. These records are unalterable and immutable. Maritime industry is one of the most preferable method of transport due to pricing and it plays a huge role in the global supply chain, however, due to the customs operations and the slowness of the ship, it lags behind in terms of time compared to its competitors. This situation also questions its efficiency. With the help of the blockchain, maritime industry can become smarter, more efficient and trustworthy. This study aims to help a maritime organization to choose Blockchain software with an MCDM Method such as technique for order of preference by similarity to ideal solution (TOPSIS). All the selection criteria are taken from the literature and evaluated based on the opinions of the experts of the industry. A real case study is applied in a maritime enterprise and the results are explicated in the last section.