Thesis Abstract

Abstract
Blockchain technology has emerged as a disruptive innovation with the potential to revolutionize various industries, including supply chain management. This thesis explores the implementation of blockchain technology in supply chain management to enhance transparency and efficiency in purchasing processes. The study aims to investigate how blockchain can address the challenges of traditional supply chain systems and improve overall operational performance. The research begins with an in-depth examination of the background of the study, highlighting the evolution of supply chain management practices and the emergence of blockchain technology as a promising solution. The study identifies the problem statement, emphasizing the lack of transparency, traceability, and trust in traditional supply chains, leading to inefficiencies and operational challenges. The objectives of the study are outlined, focusing on the implementation of blockchain to enhance transparency, traceability, and efficiency in purchasing processes. Limitations and scope of the study are discussed, acknowledging the constraints and boundaries within which the research will be conducted. The significance of the study is highlighted, emphasizing the potential benefits of blockchain technology in transforming supply chain operations and improving decision-making processes. The structure of the thesis is outlined to provide a roadmap for the reader, guiding them through the research methodology, literature review, findings discussion, and conclusion. The literature review delves into existing research and scholarly works related to blockchain technology, supply chain management, and purchasing processes. Ten key themes are identified and analyzed, covering topics such as blockchain applications in supply chain, transparency, trust, data security, and operational efficiency. The review provides a comprehensive understanding of the current state of research in the field and identifies gaps that this study seeks to address. The research methodology section presents the approach and methods used to investigate the research questions and achieve the study objectives. Eight key components are discussed, including research design, data collection methods, sampling techniques, data analysis procedures, and validation strategies. The methodology is designed to ensure the rigor and validity of the research findings and support robust conclusions. The findings discussion chapter presents the results of the study, highlighting the impact of blockchain technology on transparency and efficiency in purchasing processes. Key findings are analyzed, and implications for supply chain management practices are discussed in detail. The chapter provides insights into how blockchain can enhance trust, reduce fraud, improve data integrity, and streamline purchasing operations. In conclusion, this thesis summarizes the key findings and contributions to the field of supply chain management and blockchain technology. The study highlights the potential of blockchain to enhance transparency and efficiency in purchasing processes, leading to improved operational performance and decision-making. Recommendations for future research and practical implications for supply chain practitioners are provided to guide further exploration and implementation of blockchain technology in supply chain management. Keywords Blockchain technology, Supply chain management, Transparency, Efficiency, Purchasing processes, Trust, Data security, Operational performance.

Thesis Overview

The project titled "Implementation of Blockchain Technology in Supply Chain Management for Enhanced Transparency and Efficiency in Purchasing Processes" aims to explore the application of blockchain technology in the realm of supply chain management to enhance transparency and efficiency in purchasing processes. This research seeks to address the growing need for improved visibility and trust in the supply chain, as well as the increasing demand for streamlined and secure purchasing procedures. Blockchain technology, known for its decentralized and immutable nature, has the potential to revolutionize supply chain management by providing a transparent and secure platform for recording and verifying transactions. By leveraging blockchain technology, organizations can establish a tamper-proof record of all activities within the supply chain, thereby enhancing transparency and accountability. This can help in mitigating issues such as counterfeit products, fraud, and delays in the procurement process. Furthermore, the implementation of blockchain technology can lead to increased efficiency in purchasing processes by automating tasks, reducing paperwork, and streamlining communication between stakeholders. Smart contracts, a feature of blockchain technology, can facilitate the execution of predefined terms and conditions in purchasing agreements, thus expediting transactions and minimizing disputes. Through this research project, a thorough investigation will be conducted to analyze the potential benefits and challenges associated with integrating blockchain technology into supply chain management. The study will involve a comprehensive review of existing literature on blockchain technology, supply chain management, and purchasing processes to establish a theoretical framework for the research. Additionally, the research methodology will encompass data collection through surveys, interviews, and case studies to gather insights from industry experts, supply chain professionals, and purchasing managers. The data analysis will focus on identifying key patterns, trends, and opportunities for enhancing transparency and efficiency through blockchain technology implementation. The findings of this research project are expected to contribute valuable insights to the field of supply chain management and purchasing processes. By shedding light on the practical implications of blockchain technology adoption, organizations can make informed decisions regarding the integration of this innovative technology into their operations to achieve greater transparency and efficiency in the supply chain. Overall, this research overview sets the stage for a detailed exploration of the impact of blockchain technology on enhancing transparency and efficiency in supply chain management and purchasing processes, aiming to provide practical recommendations for organizations looking to leverage this technology to optimize their operations and gain a competitive edge in the marketplace.