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

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 application of blockchain technology in supply chain management to enhance transparency and efficiency in the global trade ecosystem. The research investigates how blockchain can address existing challenges such as lack of transparency, inefficiencies, and trust issues in the supply chain. The study begins with an introduction that provides an overview of the significance of blockchain technology in transforming supply chain operations. It delves into the background of the study, highlighting the growing interest in blockchain adoption and its potential benefits. The problem statement identifies the current limitations and challenges faced by supply chain stakeholders, emphasizing the need for a transparent and efficient system. The objectives of the study focus on exploring the impact of blockchain technology on supply chain transparency and efficiency, while the limitations and scope of the study are outlined to provide a clear understanding of the research boundaries. Chapter two presents a comprehensive literature review covering ten key themes related to blockchain technology and supply chain management. The review includes discussions on the fundamentals of blockchain technology, its applications in supply chain management, and case studies highlighting successful implementations. It also explores the potential challenges and risks associated with blockchain adoption in supply chains. Chapter three outlines the research methodology employed in this study, detailing the research design, data collection methods, and analysis techniques. The chapter discusses the selection criteria for the study sample, data sources, and ethical considerations. It also addresses the limitations of the research methodology and the steps taken to ensure the validity and reliability of the findings. Chapter four presents a detailed analysis of the research findings, focusing on the impact of blockchain technology on supply chain transparency and efficiency. The chapter discusses how blockchain can enhance traceability, reduce fraud, and improve collaboration among supply chain participants. It also examines the potential barriers to blockchain adoption and provides recommendations for overcoming these challenges. Finally, chapter five concludes the thesis by summarizing the key findings and insights gained from the study. The conclusion highlights the significance of blockchain technology in transforming supply chain management practices and emphasizes the need for further research to explore its full potential. The study contributes to the existing body of knowledge by providing valuable insights into the application of blockchain technology for improved transparency and efficiency in supply chains. Keywords Blockchain Technology, Supply Chain Management, Transparency, Efficiency, Traceability, Decentralization.