The Legal Implications of Blockchain Technology on the Maritime Goods Transport Contract: A Comparative Study .

Blockchain technology contains a series of digital blocks linked to each other, each block records a huge amount of information and data that occurs during a specific period of time, and this information and data can be shared between multiple parties in a secure and transparent manner without the presence of a central controlling party. The information and data stored on the blockchain are secured using advanced encryption techniques to protect the data and ensure its confidentiality, in a way that does not allow any of the data recorded on any of the blocks to be modified except by modifying all subsequent blocks in the chain, which is something that is impossible to imagine. Blockchain technology is characterized by the absence of a central party that controls the operation and management of the blockchain, with the availability of a machine to review and follow up on all transactions recorded in the blockchain by all parties, without them having the ability to distort it or tamper with the recorded data. Blockchain technology has brought about fundamental changes in the process of concluding a contract for the carriage of goods by sea, through the use of the smart contract system, which is one of the most important applications of blockchain technology. Blockchain technology provides a secure digital environment for concluding a contract for the carriage of goods by sea, ensuring that the terms of the contract agreed upon by the two parties to the contract cannot be modified, while providing a documented and permanent record of the process of negotiating and agreeing on the terms of the contract of carriage, in accordance with applicable laws.