A SWOT analysis on the use of blockchain in supply chains

Abstract

About two decades ago, the internet emerged as a highly disruptive technology. In today’s word, Blockchain has gained much hype as a disruptive technology like the internet. Thus, this thesis investigates the technology using a SWOT analysis, which is a hallmark of a strategic plan and enables industries such as the Healthcare Industry, Food Industry, Automotive Industry, and Financial Industry to tackle possible handicaps of Blockchain within their supply chain. The research method used in achieving the analysis is a qualitative content analysis using Atlas.ti software. In conclusion the strengths found in the study can be used to mitigate the risks of internal weaknesses, hinge against external threats and optimize the opportunities Blockchain technology present in industrial supply chain.