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43 Tul. Mar. L.J. 251 (2018-2019)
Blockchain Bills of Lading: The End of History: Overcoming Paper-Based Transport Documents in Sea Carriage through New Technologies

handle is hein.journals/tulmar43 and id is 297 raw text is: TULANE MARITIME LAW JOURNAL VOLUME 43 SUMMIER 2019 NUMBER2 Blockchain Bills of Lading: The End of History? Overcoming Paper-Based Transport Documents in Sea Carriage Through New Technologies Christian Albrecht* I. NTRODUCTION: WELL BLOCKCHAIN TECHNOLOGY EVENTUALLY REVOLUTIONIZE MARITIME TRANSPORT? ............... 252 II. THE BILL OF LADING: EVOLUTION AS A DOCUMENT OF TITLE AND ATEMPTS AT DIGITALIZATION ..................... 255 A. The Bill ofLading as a Paper Document: Need for Progress?. .................................255 B. The Electronic Bill ofLading as a Document of Title: Legal Status and Issues....................... 259 1H. BLOCKCHAIN TECHNOLOGY-FITNESS FOR PURPOSE?.................. 262 A. Underlying Principles and Technology....... ..........262 B. Permissioned and Permissionless Blockchain Systems .............................. .....264 IV. A BLOCKCHAIN-DOCUMENT OF TITLE ............... ...... 267 A. Blockchain-Document of Title Through Mercantile Usage...................... ..............268 B. Blockchain-Document of Title Through Statutory Intervention. .......................... ......271 1. Rotterdam Rules and the UNCITRAL Model Law ..... 272 * 0 2019 Christian Albrecht. Student of Law with Business and Economics (cand iur.) and Student Research Assistant at the University of Bayreuth, Germany, as well as LL.M.- Graduate (International Commercial Law) from the University of Bristol, United Kingdom. The author's gratitude is owed to his academic teachers in Bayreuth and Bristol and to Evangelia Lytra, LL.M. (Bristol) for her valuable comments. All remaining mistakes are the author's responsibility. 251

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