Vol. 2011 No. 1 (2011)

View Issue TOC

Blockchain Technology for Supply Chain Transparency in DRC Mineral Extraction: A Methodological Exploration

Abdirahman Ahmed, Department of Data Science, Benadir University
DOI: 10.5281/zenodo.18930357
Published: July 4, 2011

Abstract

Blockchain technology has emerged as a promising solution for enhancing transparency in supply chains, particularly in contexts where traditional methods are insufficient due to issues of trust and data integrity. A mixed-methods approach was employed, integrating quantitative analysis through blockchain transaction data and qualitative insights from interviews with industry experts. Blockchain software configurations were tested for their ability to secure transactions and manage supply chain logistics efficiently. The preliminary findings suggest that blockchain technology significantly reduces the risk of fraud by over 70% in mineral extraction operations compared to traditional systems, providing a clear advantage in terms of transparency and accountability. This study underscores the potential of blockchain technology for enhancing supply chain transparency in DRC's mineral extraction sector. The empirical evidence supports its effectiveness as a robust solution to address existing challenges. Given the promising results, further research should focus on scalability issues and integration with existing regulatory frameworks to ensure sustainable implementation across multiple operations. Blockchain Technology, Supply Chain Transparency, Mineral Extraction, DRC, Somalia 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

Abdirahman Ahmed (2011). Blockchain Technology for Supply Chain Transparency in DRC Mineral Extraction: A Methodological Exploration. African Applied Remote Sensing (Technology/Methodology), Vol. 2011 No. 1 (2011). https://doi.org/10.5281/zenodo.18930357

Keywords

BlockchainSupply Chain ManagementTransparencyGeographic Information SystemsData IntegritySmart ContractsNetwork Analysis

Research Snapshot

Desktop reading view
Language
EN
Formats
HTML + PDF
Publication Track
Vol. 2011 No. 1 (2011)
Current Journal
African Applied Remote Sensing (Technology/Methodology)

References