Implementing Blockchain Technology in Supply Chain Management for Small and Medium Enterprises (SMEs)

Thesis Abstract

Abstract
Blockchain technology has gained significant attention in recent years due to its potential to revolutionize various industries, including supply chain management. This thesis explores the implementation of blockchain technology in supply chain management for Small and Medium Enterprises (SMEs). The objective of this research is to investigate the benefits, challenges, and implications of integrating blockchain technology into the supply chain processes of SMEs. The study begins by providing an overview of blockchain technology and its applications in supply chain management. The background of the study highlights the increasing complexity and global nature of supply chains, emphasizing the need for innovative solutions to enhance transparency, efficiency, and security. The problem statement identifies the existing gaps and limitations in traditional supply chain systems that blockchain technology could address. Through a comprehensive literature review, this research examines previous studies, frameworks, and case studies related to blockchain technology in supply chain management. The review identifies key factors influencing the successful implementation of blockchain in SME supply chains, such as trust, data integrity, interoperability, and scalability. The research methodology section outlines the research design, data collection methods, and analysis techniques used in this study. By conducting interviews, surveys, and case studies with SMEs and industry experts, the study aims to gather empirical data to evaluate the impact of blockchain technology on supply chain operations and performance. The findings from the research highlight the potential benefits of implementing blockchain technology in SME supply chains, including enhanced traceability, reduced costs, improved inventory management, and increased trust among stakeholders. However, the study also identifies challenges such as regulatory barriers, technical complexity, and resource constraints that SMEs may face when adopting blockchain solutions. The discussion of findings delves into the implications of the study results and provides recommendations for SMEs looking to integrate blockchain technology into their supply chain processes. The conclusion summarizes the key findings, implications, and contributions of this research, emphasizing the importance of strategic planning, collaboration, and innovation in leveraging blockchain technology for sustainable supply chain management in SMEs. Overall, this thesis contributes to the growing body of knowledge on blockchain technology in supply chain management and provides valuable insights for SMEs seeking to enhance their competitiveness and resilience in an increasingly digital and interconnected business environment.