Applying Blockchain Technology in Supply Chain Management for Improved Transparency and Efficiency in Purchasing Processes

Thesis Abstract

Abstract
Blockchain technology has gained significant attention in recent years for its potential to revolutionize traditional supply chain management processes. This thesis explores the application of blockchain technology in supply chain management to enhance transparency and efficiency in purchasing processes. The primary objective of this research is to investigate how blockchain can be leveraged to address existing challenges in supply chain management and improve the overall efficiency of purchasing activities. The study begins with an introduction that highlights the background of the research, the problem statement, objectives, limitations, scope, significance, and the structure of the thesis. The literature review in Chapter Two provides a comprehensive analysis of existing research on blockchain technology, supply chain management, and purchasing processes. This chapter examines the benefits and challenges associated with implementing blockchain in supply chains and identifies gaps in the current literature. Chapter Three outlines the research methodology employed in this study, including the research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. The research methodology is crucial in ensuring the reliability and validity of the findings. Chapter Four presents a detailed discussion of the research findings, highlighting the key insights gained from the empirical analysis. The findings demonstrate the potential of blockchain technology to enhance transparency, traceability, and efficiency in supply chain management, particularly in the context of purchasing processes. The chapter also discusses the implications of these findings for practitioners and offers recommendations for future research. Finally, Chapter Five provides a conclusion and summary of the thesis, summarizing the key findings, contributions, and implications of the research. This chapter also discusses the practical implications of the study and offers recommendations for organizations looking to implement blockchain technology in their supply chain management practices. Overall, this thesis contributes to the growing body of knowledge on the application of blockchain technology in supply chain management. By exploring the potential benefits of blockchain for enhancing transparency and efficiency in purchasing processes, this research provides valuable insights for academics, practitioners, and policymakers interested in leveraging blockchain to improve supply chain operations.