Application of Blockchain Technology in Supply Chain Management for Improved Traceability and Transparency

Thesis Abstract

Abstract
The advent of blockchain technology has revolutionized various industries, offering unprecedented levels of security, transparency, and efficiency. This thesis explores the application of blockchain technology in supply chain management to enhance traceability and transparency. The study aims to investigate how blockchain can address the challenges of traditional supply chain systems, such as lack of visibility, data inaccuracies, and inefficiencies. Through a comprehensive literature review, the research examines existing knowledge on blockchain technology in supply chain management, highlighting its benefits and potential limitations. Chapter One provides an introduction to the research topic, presenting the background of the study, problem statement, objectives, limitations, scope, significance, structure of the thesis, and key definitions. The subsequent chapter delves into a detailed literature review, discussing ten key aspects of blockchain technology in supply chain management. This section analyzes the role of blockchain in enhancing transparency, traceability, security, data integrity, and trust within supply chains. Chapter Three outlines the research methodology employed in this study, detailing the research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. The methodology aims to provide a robust framework for investigating the impact of blockchain technology on supply chain management practices. The research methodology consists of eight key components that guide the empirical investigation. Chapter Four presents a comprehensive discussion of the research findings, analyzing the implications of blockchain technology on supply chain traceability and transparency. The chapter examines the benefits of blockchain adoption, challenges encountered during implementation, and potential strategies for overcoming these obstacles. The findings highlight the transformative potential of blockchain technology in improving supply chain efficiency and accountability. In conclusion, Chapter Five provides a summary of the research findings, reiterating the significance of blockchain technology in enhancing traceability and transparency in supply chain management. The study concludes by offering recommendations for industry practitioners, policymakers, and researchers seeking to leverage blockchain technology for supply chain optimization. Overall, this thesis contributes to the growing body of knowledge on blockchain applications in supply chain management and underscores the importance of technological innovation in shaping the future of global supply chains.