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GM-Ledger: Blockchain-Based Certificate Authentication for International Food Trade
William George1, Tareq Al-Ansari1
1College of Science and Engineering, Hamad bin Khalifa University, Doha P.O. Box 34110, Qatar.
Abstract:
Maritime transportation plays a critical role for many Arab countries and their food security and has evolved into a complex system that involves a plethora of supply chain stakeholders spread around the globe. This inherent complexity brings huge security challenges, including cargo loss and high burdens in cargo document inspection. The emerging blockchain technology provides a promising tool to build a unified maritime cargo tracking system critical for cargo security. This is because blockchains are a tamper-proof distributed ledger technology that can store and track data in a secure and transparent manner. Using the State of Qatar as a case study, this research introduces the Global Maritime Ledger (GM-Ledger), which will aid authorities in verifying, signing and transacting food certificates in an efficient manner. The methodology of this research includes reviewing past publications, identifying the requirements of various players in the Qatari food import-export industry and then creating a smart contract framework that will efficiently manage the work with necessary human intervention as and when required. The result of this work is the formation of a solid framework that can be employed in future works. This work realized that employing web3 solutions for the food import sector is highly viable and that with the right social, economic and policy reforms, it is possible to transform the entire food system to bear healthy transparency and power balance in global supply chains. In conclusion, this study argues that BCT has the ability to assist the government and other players to minimize fraud and maximize food supply chain stakeholder participation.
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