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Does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading?

The problem when it comes to the concept of possession in terms of technology and transferring possession which requires the concept of exclusivity which cannot be tampered with. Data messages cannot in their current state cannot be a symbol of goods that by constructive possession rights of a holde...

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Main Author: Smit, Jason Johnathan
Other Authors: Bradfield, Graham
Format: Thesis
Language:English
Published: Department of Commercial Law 2021
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access_status_str Open Access
author Smit, Jason Johnathan
author2 Bradfield, Graham
author_browse Bradfield, Graham
Smit, Jason Johnathan
author_facet Bradfield, Graham
Smit, Jason Johnathan
author_sort Smit, Jason Johnathan
collection Thesis
description The problem when it comes to the concept of possession in terms of technology and transferring possession which requires the concept of exclusivity which cannot be tampered with. Data messages cannot in their current state cannot be a symbol of goods that by constructive possession rights of a holder could be transferred. Other researchers have commented on the fact blockchain could remedy this situation. It should be maintained that a specific type of blockchain should be the preferred approach to the dematerialisation of bills of lading in electronic form, but that does not exist yet. Other researchers think that blockchain generally should be the genus of technology that should be recognised to facilitate the electronic equivalent of documentary bills of lading.1 I think only a specific type should. As the technology in theory exists, it does not mean it is available. This should mean that an open standard to allows any technology to fulfil the void that is required for recognition in bills of lading should be facilitated to facilitate trade because of the multi-dimensional cost of dealing in paper.
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institution University of Cape Town (South Africa)
language eng
last_indexed 2026-06-10T12:32:20.328Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2021
publishDateRange 2021
publishDateSort 2021
publisher Department of Commercial Law
publisherStr Department of Commercial Law
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spelling oai:open.uct.ac.za:11427/33040 Does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading? Smit, Jason Johnathan Bradfield, Graham Commercial Law The problem when it comes to the concept of possession in terms of technology and transferring possession which requires the concept of exclusivity which cannot be tampered with. Data messages cannot in their current state cannot be a symbol of goods that by constructive possession rights of a holder could be transferred. Other researchers have commented on the fact blockchain could remedy this situation. It should be maintained that a specific type of blockchain should be the preferred approach to the dematerialisation of bills of lading in electronic form, but that does not exist yet. Other researchers think that blockchain generally should be the genus of technology that should be recognised to facilitate the electronic equivalent of documentary bills of lading.1 I think only a specific type should. As the technology in theory exists, it does not mean it is available. This should mean that an open standard to allows any technology to fulfil the void that is required for recognition in bills of lading should be facilitated to facilitate trade because of the multi-dimensional cost of dealing in paper. 2021-03-01T18:53:59Z 2021-03-01T18:53:59Z 2020 2021-03-01T11:59:31Z Master Thesis Masters LLM http://hdl.handle.net/11427/33040 eng application/pdf Department of Commercial Law Faculty of Law
spellingShingle Commercial Law
Smit, Jason Johnathan
Does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading?
thesis_degree_str Master's
title Does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading?
title_full Does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading?
title_fullStr Does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading?
title_full_unstemmed Does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading?
title_short Does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading?
title_sort does blockchain technology offer a solution to the remaining impediments to the more widespread use of electronic negotiable bills of lading
topic Commercial Law
url http://hdl.handle.net/11427/33040
work_keys_str_mv AT smitjasonjohnathan doesblockchaintechnologyofferasolutiontotheremainingimpedimentstothemorewidespreaduseofelectronicnegotiablebillsoflading