Application of Blockchain Technology in Supply Chain Management for Enhanced Transparency and Efficiency

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 investigates the application of blockchain technology in supply chain management to enhance transparency and efficiency. The study aims to explore how blockchain can address the challenges faced in traditional supply chain systems, such as lack of transparency, data silos, and inefficiencies. The research begins with a comprehensive review of the literature on blockchain technology, supply chain management, and their intersection. The literature review highlights the benefits of blockchain in enhancing transparency, traceability, and security in supply chains. It also discusses the potential challenges and limitations associated with implementing blockchain technology in supply chain management. The methodology chapter outlines the research design, data collection methods, and analysis techniques employed in the study. A mixed-method approach is used to gather data from both primary and secondary sources, including interviews with supply chain professionals and a review of existing case studies and research papers. The findings chapter presents the results of the study, focusing on the key benefits and challenges of implementing blockchain technology in supply chain management. The findings highlight the potential of blockchain to improve transparency, reduce fraud, and enhance collaboration among supply chain stakeholders. However, challenges such as scalability, interoperability, and data privacy issues need to be addressed for successful implementation. The discussion chapter critically analyzes the findings in relation to the existing literature and theoretical frameworks. It explores the implications of the research findings for supply chain practitioners, policymakers, and researchers. The chapter also discusses potential future research directions and practical recommendations for implementing blockchain technology in supply chain management. In conclusion, this thesis contributes to the growing body of knowledge on the application of blockchain technology in supply chain management. It highlights the potential benefits of blockchain in enhancing transparency and efficiency in supply chains, as well as the challenges that need to be addressed. The study provides valuable insights for supply chain professionals seeking to leverage blockchain technology to improve their operations and drive competitive advantage.