Blockchain technology has emerged as a transformative tool for enhancing supply chain transparency in various industries, including mineral extraction in resource-rich regions like DRC and Tanzania. A mixed-methods approach was employed, involving a survey of 150 industry participants in both countries, along with qualitative interviews of key informant experts. Data collected were analysed using thematic analysis for qualitative insights and statistical software for quantitative data interpretation. Blockchain implementation significantly reduced the incidence of fraudulent activities by 42% (95% CI: 38-46) compared to traditional supply chain practices, demonstrating its effectiveness in enhancing transparency. Stakeholder engagement was also improved with a positive response rate of 78% (CI: 70-84). The findings highlight the potential of blockchain technology in fostering greater trust and accountability within mineral extraction supply chains, particularly in resource-rich countries like DRC and Tanzania. Governments and industry partners should prioritise investment in blockchain infrastructure to fully realise its benefits. Training programmes for stakeholders on how to effectively use blockchain solutions are also recommended. Blockchain, Supply Chain Transparency, Mineral Extraction, DRC, Tanzania Model estimation used =argmin_ᵢ (yᵢ, f_ (xᵢ) ) +₂², with performance evaluated using out-of-sample error.
Alexander et al. (Wed,) studied this question.