Blockchain Technology in Supply Chain Management: A Case Study in Improving Transparency and Traceability in Purchasing

Thesis Overview

The project titled "Blockchain Technology in Supply Chain Management: A Case Study in Improving Transparency and Traceability in Purchasing" aims to investigate the potential benefits of implementing blockchain technology in enhancing transparency and traceability within supply chain management processes, particularly in the context of purchasing activities. Blockchain technology, known for its decentralized and tamper-resistant nature, offers a promising solution to address challenges related to data integrity, trust, and inefficiencies in traditional supply chain systems. The research will delve into the background of blockchain technology and its applications in supply chain management to establish a solid foundation for understanding its relevance in improving transparency and traceability. By conducting a comprehensive literature review, the study will explore existing theories, models, and case studies related to blockchain technology and its impact on supply chain operations. The project will identify and analyze the key problems currently faced in supply chain management, such as lack of transparency, data inaccuracies, and difficulties in tracking product provenance. Through a detailed examination of these challenges, the research aims to highlight the potential benefits of blockchain technology in addressing these issues and improving overall supply chain efficiency. Furthermore, the study will outline specific research objectives, including assessing the feasibility of implementing blockchain technology in purchasing processes, evaluating its impact on transparency and traceability, and identifying potential limitations and challenges associated with its adoption. By defining the scope and limitations of the research, the study aims to provide a focused and structured approach to investigating the research questions. The significance of the research lies in its potential to contribute valuable insights to both academia and industry regarding the practical applications of blockchain technology in supply chain management. By providing a detailed analysis of the benefits and challenges associated with integrating blockchain in purchasing activities, the study aims to offer actionable recommendations for organizations seeking to enhance transparency and traceability in their supply chains. In conclusion, this research overview sets the stage for an in-depth examination of how blockchain technology can be leveraged to improve transparency and traceability in supply chain management, with a specific focus on purchasing processes. Through a comprehensive analysis of relevant literature, research methodology, and findings, the study aims to make a significant contribution to the growing body of knowledge on blockchain applications in supply chain management.