Blockchain Technology in Supply Chain Management: Enhancing Transparency and Traceability in Purchasing

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 explores the application of blockchain technology in enhancing transparency and traceability in the purchasing process within supply chain management. The research aims to address the challenges of fraud, inefficiencies, and lack of transparency that currently plague traditional purchasing practices. The study begins with an overview of the background and context of blockchain technology in supply chain management, highlighting its potential benefits and challenges. A detailed examination of the problem statement reveals the critical issues faced by organizations in ensuring transparency and traceability in the purchasing process. The objectives of the study are outlined to guide the research towards addressing these challenges effectively. The research methodology chapter presents a comprehensive framework for conducting the study, including data collection methods, sample selection, and data analysis techniques. The literature review chapter provides an in-depth analysis of existing research on blockchain technology in supply chain management, identifying key trends, challenges, and opportunities. The findings chapter presents the results of the study, highlighting the impact of blockchain technology on enhancing transparency and traceability in purchasing. The chapter discusses the key findings and their implications for organizations seeking to adopt blockchain technology in their supply chain operations. The discussion is supported by empirical evidence and case studies to provide a holistic understanding of the topic. In conclusion, the study emphasizes the significance of blockchain technology in transforming traditional purchasing practices and improving transparency and traceability in supply chain management. The research contributes to the existing body of knowledge by offering practical insights and recommendations for organizations looking to leverage blockchain technology effectively. The study concludes with a summary of key findings, implications, and recommendations for future research in this area. Overall, this thesis provides a comprehensive analysis of the role of blockchain technology in enhancing transparency and traceability in purchasing within supply chain management. The research findings offer valuable insights for practitioners, policymakers, and researchers interested in leveraging blockchain technology for improving supply chain processes and operations.