Research on Blockchain-Enabled Resilience Building and Risk Prevention and Control in Shipping Supply Chains Under Multiple Crises

Abstract

Under the wave of economic globalization, the development of a global shipping network urgently requires the enhancement of supply chain resilience and risk prevention mechanisms. In recent years, the world has experienced multiple crises, including the public health crisis and the geopolitical crisis represented by the Red Sea shipping crisis. These crises have severely impacted international logistics and supply chains. The public health crisis has led to disconnections between production and demand, increased trade barriers, and higher shipping costs. The suspension and rerouting of the Red Sea shipping route via the Cape of Good Hope have resulted in extended shipping times, delayed deliveries, and soaring freight rates. The widespread application of blockchain technology can alleviate these issues. This paper investigates the positive effects of blockchain technology’s high transparency, automated risk control, and promotion of multi-party collaboration in addressing current crises, enhancing shipping supply chain resilience, and strengthening risk management. The paper aims to contribute to cost reduction, quality improvement, and high-quality development of international logistics.