Utilizing Blockchain Technology for Supply Chain Management in Retail Industry

Thesis Abstract

Abstract
Blockchain technology has gained significant attention in recent years for its potential to revolutionize various industries, including supply chain management. This thesis aims to explore the application of blockchain technology in the retail industry for enhancing supply chain management processes. The research will focus on understanding how blockchain can improve transparency, traceability, efficiency, and security within retail supply chains. The study will begin with a comprehensive literature review to examine existing research on blockchain technology and its applications in supply chain management. Key themes such as decentralized ledger, smart contracts, and data security will be explored to provide a solid theoretical foundation for the research. Following the literature review, the research methodology will be outlined, detailing the approach taken to investigate the utilization of blockchain in retail supply chain management. Data collection methods such as surveys, interviews, and case studies will be employed to gather insights from industry experts, retailers, and supply chain professionals. The findings of the study will be discussed in detail in Chapter Four, where the benefits and challenges of implementing blockchain technology in retail supply chains will be analyzed. The impact on inventory management, product authentication, and overall supply chain transparency will be evaluated to understand the practical implications of adopting blockchain technology in the retail sector. In conclusion, the thesis will summarize the key findings and implications of the research, highlighting the potential of blockchain technology to transform supply chain management practices in the retail industry. Recommendations for future research and practical implications for retailers looking to implement blockchain solutions will also be provided. Overall, this thesis aims to contribute to the growing body of knowledge on blockchain technology in supply chain management and provide valuable insights for retail industry stakeholders seeking to enhance their supply chain processes through innovative technologies.