ILLEGAL, UNREPORTED, AND UNREGULATED SEAFOOD INDUSTRY IN KAKISTOSCRYPTOCRACY

Abstract

The objective of the study was to study the state of the art of the illegal, unreported, and unregulated seafood industry in Kakistoscryptocracy. Documentary research was conducted in the study. The research revealed that decentralized autonomous organizations (DAOs) and decentralized applications (DApps) were the blockchain utilization in the seafood industry. Proof-of-Work (PoW) and Proof-of-Stake (PoS) were two important consensus techniques. OceanDAO, Ethereum, and Fishcoin were three examples of blockchain in the seafood industry. Additionally, the seafood business deployed blockchain along with RFID and QR code.