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Table 3 Cost elements are used in the cost calculation.

From: Cost-effectiveness and gain-sharing scenarios for purchasing a blockchain-based application in the maritime supply chain

Cost element

Variable range

Values used in the theoretical model

Shipper

Forwarder

Consignee

\({n}_{PHC}\)

Used as variable (1–2000)

   

\({c}_{u}^{x}\)

Varies between 20 and 50 EUR/h

31.02

35.2

20

\({t}_{receive}^{x}\)

Varies between 2 and 10 min

5

10

10

\({t}_{send}^{x}\)

Varies between 10 and 30 min

20

10

15

\({t}_{er{r}_{corr}}^{x}\)

Varies between 30 and 50 min

N/A**

30

50

\({\mu }_{err}^{x}\)

Depending on the tool used, it varies between 1 and 2%

N/A**

2%

2%

\({t}_{inf{o}_{ser}}^{x}\)

Varies between 20 and 30 min

N/A**

20

30

\({\mu }_{inf{o}_{ser}}^{x}\)

Depending on the necessities, it varies between 1 and 2%

N/A**

2%

2%

\({t}_{bi}^{x}\)

Varies between 3 and 5 min

3

3

5

\({\mu }_{bi}^{x}\)

Depending on the tool used, it varies between 10 and 30%

20%

20%

20%

\({t}_{use}^{x}\)

3 min per certificate

3

3

3

\({c}_{ICT\_use}^{n}\)

Varies between 20 and 35 EUR

20

20

20

\({c}_{u\_inf\_dev}\)

Varies between 400 and 750* EUR

500

500

500

\({d}_{inf\_dev}\)

Varies between 1 and 4* days

4

4

4

\({c}_{u\_soft\_dev}\)

Varies between 400 and 750* EUR

700

700

700

\({d}_{sof\_dev}\)

Varies between 30 and 60* days

45

45

45

  1. *These cost elements are indicating a DLT-based application for the handling of the PHC. This IT solution offers a data exchange rate of 1 GB per second, enabling thus 2–300 transactions per second (at a volume of max 3 kb data/transaction)
  2. **Not applicable