The SWOT Analysis of Block Chain Technology: Framework for Sub Saharan African Ports

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Adeola Oluwatoyin Osundiran

Abstract

This research utilizes the Strengths Weaknesses, Opportunities, and Threats (SWOT) framework to analyse Block Chain Technology. The purpose is to examine these elements vis-à-vis its implications for sub-Saharan African ports. Block Chain technology is nascent and none of the sub-Saharan African port has adopted it at the time when this research was being done. Blockchain Technology's potential to expedite the maritime supply chain from the port angle is phenomenal. However, blockchain has not been adopted tangibly amongst the ports in the sub-Saharan African region. Hence, this research stands to profit the various port authorities of  sub-Saharan African Ports that are yet to implement Blockchain Technology. The Port of Montreal serves as a Benchmark since it has commenced the implementation of Block Chain.   The research findings show the strengths weaknesses opportunities and threats of blockchain technology in enhancing port efficiency. This research develops a framework that will guide ports in the adoption of Block Chain Technology

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