IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 2 2025
DOI: 10.56201/jafm.vol.11.no2.2025.pg13.28

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Blockchain Technology and Fraud Mitigation in Supply Chain Management in Nigeria

OKPALA Ngozi Eugenia PhD, NWEKE Ijeoma Veronica

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Abstract

This work empirically investigated the effect of blockchain technology on fraud mitigation in supply chain management in Nigeria. The study is vital as it portrays the extent to the advent of blockchain technologies mitigates fraud and fraudulent practices in supply chain management in Nigeria. In order to determine the relationship between blockchain technology and fraud mitigation, blockchain technology was proxy using; blockchain technological adaptability and blockchain technological agility while the dependent variable was fraud mitigation. Two hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using least squares regression model. Survey design was adopted and data for the study was obtained through e-questionnaire survey sent to the group wathsApp platform of the staff of AfriHealth Limited and RachamHub Limited that is into supply chain businesses in Nigeria. Using Least Squares Regression Model, the findings of the study indicate that blockchain technological adaptability and blockchain technological agility have positive and significant effect on fraud mitigation in supply chain management in Nigeria. Based on this, the study concludes that blockchain technology ensure fraud mitigation in supply chain management in Nigeria. In lieu of the findings of the study, it was recommended that the managers of firms in supply chain management should be familiar with the regulatory practices and procedures of blockchain technology in order to achieve good performance in fraud and fraudulent practices. Also, the management of firms in supply chain management should move with speed and discuss the issues of blockchain technology to their employees and other stakeholders as this will enable them to have a controlling share to such disruptive technology as blockchain technology is capable mitigating fraud in supply chain management in Nigeria.

keywords:

Blockchain Technology Blockchain Technological Adaptability Blockchain, Technological Agility Fraud Mitigation

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