Vol. 2005 No. 1 (2005)

View Issue TOC

Blockchain Technology in Mineral Extraction Supply Chains: A Case Study of DRC Context in Ghana

Baffour Kwegy, Food Research Institute (FRI) Kofi Adofo, Department of Software Engineering, Food Research Institute (FRI) Yaw Gyam, Ghana Institute of Management and Public Administration (GIMPA) Amos Sarfo, Ghana Institute of Management and Public Administration (GIMPA)
DOI: 10.5281/zenodo.18812426
Published: November 12, 2005

Abstract

The global demand for minerals has led to complex supply chains that are vulnerable to corruption, fraud, and inefficiencies. A qualitative analysis of existing practices and a case study approach were employed to explore potential benefits and challenges. Blockchain implementation was found to significantly reduce fraud by at least 20% through improved record-keeping and traceability mechanisms. Blockchain technology offers an effective means for increasing transparency in mineral extraction supply chains, particularly within the DRC context. Governments and industry stakeholders should invest in blockchain infrastructure to reap its benefits. mineral extraction, blockchain, supply chain transparency, DRC, Ghana Model estimation used $\hat{\theta}=argmin_{\theta}\sum_i\ell(y_i,f_\theta(x_i))+\lambda\lVert\theta\rVert_2^2$, with performance evaluated using out-of-sample error.

Full Text:

Read the Full Article

The HTML galley is loaded below for inline reading and better discovery.

How to Cite

Baffour Kwegy, Kofi Adofo, Yaw Gyam, Amos Sarfo (2005). Blockchain Technology in Mineral Extraction Supply Chains: A Case Study of DRC Context in Ghana. African Journal of GIS and Spatial Analysis (Environmental/Earth Science, Vol. 2005 No. 1 (2005). https://doi.org/10.5281/zenodo.18812426

Keywords

African GeographyBlockchainSupply Chain ManagementTransparencyCorruption MitigationCase StudyEconomic Development

Research Snapshot

Desktop reading view
Language
EN
Formats
HTML + PDF
Publication Track
Vol. 2005 No. 1 (2005)
Current Journal
African Journal of GIS and Spatial Analysis (Environmental/Earth Science

References