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Deployement of Block Chain Technology on Supply Chains: Opportunities and Challenges During Emergencies; A White Paper Analysis

Journal: Sumerianz Journal of Economics and Finance (Vol.3, No. 9)

Publication Date:

Authors : ;

Page : 133-141

Keywords : Block chain; Covid 19; Supply chain; Internet of things.;

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Abstract

Corona Pandemic, Covid 19 as it is called has been declared by the World Health Organization as a worldwide disaster. It has closed off countries and destabilized business. Coroan pandermic has had an unprecedented effected on global trade with China on lock down and other countires have also followed suit. Very many countries went on lock down with the 2nd wave hitting quite a number of countries. Other countries that are affected include Iran and United States of America. North African Countries haave closed their borders to Europe and thus we see an interesting dimension of a world wide disaster. Interestingly Africa is not very adversely affected in terms of infections abut the cross border business is affected. The aim of this paper is to find out the ripple effect of the Covid 19 pandermic on the global supply chain with a focus on Kenya and the business opportunities that the pandermic offers to Africans. Being a very new area, this is more of an analysis of trends and opportunities and hopefully create knowledge as we review information that is available. Blockchain analysis are what will be at the forefront of the paper. Supply chains are facing uprecedented challenges from Artificial Intelligence. This white paper will not look at the medical aspects but at the business side with a major bias on the supply chains using block chain technology and the major turbulances the pandermic will deal to the economies, opportunities and challenges offered in supply chain.

Last modified: 2020-12-21 19:37:13