Digitalization is becoming more omnipresent in the maritime sector, and actors are increasingly using technological solutions to gain competitiveness and efficacy. Generally, entities use distinct heterogeneous systems, making it challenging to integrate them into a commonly advantageous single and secure interconnected system. While maritime actors show interest in Blockchain, given that its features align with the industry’s needs, they remain reluctant to allocate the needed resources to explore the technology’s revolutionizing potentials. In this paper, we present insights related to Blockchain applications in the maritime sector and the technology’s capabilities in revolutionizing and accelerating the global digitization of the shipping industry. We explore Blockchain literature and bring forward the advantages of its innovative applications in the sector.