Show simple item record

dc.contributor.advisorChris Caplice.en_US
dc.contributor.authorHarshvardhan, M. Eng. Massachusetts Institute of Technologyen_US
dc.contributor.otherMassachusetts Institute of Technology. Supply Chain Management Program.en_US
dc.date.accessioned2018-09-17T15:50:06Z
dc.date.available2018-09-17T15:50:06Z
dc.date.issued2018en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/117922
dc.descriptionThesis: M. Eng. in Supply Chain Management, Massachusetts Institute of Technology, Supply Chain Management Program, 2018.en_US
dc.descriptionCataloged from PDF version of thesis. "June 2018."en_US
dc.descriptionIncludes bibliographical references (pages 79-80).en_US
dc.description.abstractA set of contracts guides every movement of cargo from one point to another. In this thesis, we focus on the contract between the charterer and the ship-owner in the liquid bulk ocean-shipping market. The contracting process begins with the two parties finding each other suitable and ends with one party being compensated in compliance with the terms and conditions of the contract for meeting a set of considerations. The question we answer is how emerging technologies, primarily Blockchain, can be used to make this process more efficient in terms of time and cost. Our research shows that while there are a considerable cost and time savings possible for certain aspects of the contracting process, there are some problem areas, such as the negotiations, that cannot be solved with the help of existing technology. We also conclude that the proposed solution needs to offer an end-to-end contract and document management tool rather than just being an improvement for one particular step in the process. An industry-wide consortium led Blockchain-based solution has potential to find wide acceptability and impact in terms of increased efficiency.en_US
dc.description.statementofresponsibilityby Harshvardhan.en_US
dc.format.extent80 pagesen_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsMIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectSupply Chain Management Program.en_US
dc.titleImproving shipping contracts with the use of emerging technologiesen_US
dc.typeThesisen_US
dc.description.degreeM. Eng. in Supply Chain Managementen_US
dc.contributor.departmentMassachusetts Institute of Technology. Supply Chain Management Program
dc.identifier.oclc1051223456en_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record