Utilizing Blockchain Technology for Supply Chain Transparency in Small and Medium Enterprises

Thesis Abstract

Abstract
This thesis investigates the application of blockchain technology to enhance supply chain transparency in small and medium enterprises (SMEs). The research aims to address the challenges faced by SMEs in ensuring transparency and traceability within their supply chains, particularly in the context of increasing consumer demands for ethical sourcing and sustainable practices. By leveraging blockchain technology, which offers a decentralized and immutable ledger system, SMEs can potentially improve transparency, efficiency, and trust in their supply chain operations. The study begins with an exploration of the theoretical foundations of blockchain technology and its relevance to supply chain management. A comprehensive literature review is conducted to examine existing research and case studies related to blockchain applications in supply chain transparency. The review highlights the potential benefits and challenges associated with implementing blockchain technology in SME supply chains. The research methodology chapter outlines the approach taken to investigate the research questions and achieve the study objectives. A mixed-methods research design is adopted, incorporating both qualitative and quantitative data collection methods. The sample population consists of SMEs operating in various industries, with a focus on understanding their current supply chain practices and the potential barriers to implementing blockchain technology. Findings from the data analysis chapter provide insights into the current state of transparency in SME supply chains and the perceived benefits of blockchain technology. The discussion chapter critically examines the implications of the findings, highlighting the opportunities and limitations of blockchain adoption for SMEs. Practical recommendations are proposed to guide SMEs in integrating blockchain solutions to enhance supply chain transparency. In conclusion, this thesis contributes to the growing body of research on blockchain technology and supply chain management, with a specific focus on its application in SME settings. The study underscores the importance of transparency and accountability in supply chain operations and offers practical insights for SMEs looking to leverage blockchain technology for competitive advantage. By embracing blockchain solutions, SMEs can improve visibility, collaboration, and trust within their supply chains, ultimately enhancing their sustainability and resilience in the global marketplace.