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The Factors Affecting the Application and Viability of Blockchain Technology to Logistic Companies in Their International Operations Exemplified by Maersk and FedEx

Student: Augustin Boutte

Supervisor: Ekaterina Entina

Faculty: Faculty of World Economy and International Affairs

Educational Programme: International Business (Master)

Year of Graduation: 2020

The current supply chain management situation is determined by the difficulty of securing and monitoring the various operations that pass through the supply chains. For customers at all levels, the issue of transparency in supply chain operations is relevant, as it is impossible to trace all events in general. In particular, most end-customers know little about the products they buy and use because the entire network of retailers, distributors, transporters, warehouses, and other suppliers is out of control. The purpose of this paper is to identify factors that affect the usage and viability of blockchain technology by global logistics companies, such as Maersk and FedEx. According to this purpose, the following objectives have been set: - To consider the concept and essence of the Blockchain technology - To understand how does the relationship between principal and agent change because of the increased transparency? - To consider the general strategy of activity and logistics in cross-border operations of Maersk and FedEx - Understand how does the blockchain change transaction costs? - To highlight the features of the blockchain technology application in international logistics of Maersk and FedEx - Identify problems and shortcomings in the use of blockchain technology in cross-border logistics of Maersk and FedEx - Develop methods to improve the use of blockchain technology in cross-border Maersk and FedEx logistics. The object of this work is blockchain in cross-border logistics. The subject of this work is the theoretical and practical basis for the use of blockchain technology in cross-border logistics.

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