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

Thesis Abstract

Abstract
Blockchain technology has emerged as a revolutionary tool in the field of supply chain management, offering enhanced transparency and traceability in purchasing processes. This thesis explores the application of blockchain technology in supply chain management to address the challenges of information asymmetry, lack of trust, and inefficiencies in traditional procurement systems. The study investigates how blockchain can improve transparency, enhance traceability, and streamline purchasing processes within supply chains. The first part of the thesis provides an introduction to the research topic, presenting the background of the study, problem statement, objectives, limitations, scope, significance, and structure of the thesis. This sets the foundation for understanding the role of blockchain technology in transforming supply chain management practices. The second chapter comprises a comprehensive literature review that examines existing research and case studies on blockchain technology in supply chain management. The review covers topics such as the principles of blockchain, its potential benefits, challenges, and applications in supply chain operations. It also discusses the impact of blockchain on transparency, traceability, and trust in purchasing processes. Chapter three outlines the research methodology employed in this study, including the research design, data collection methods, sample selection, data analysis techniques, and ethical considerations. It also details the theoretical frameworks and conceptual models used to guide the research process. Chapter four presents the findings of the study, analyzing how blockchain technology enhances transparency and traceability in purchasing processes within supply chains. The discussion explores case studies and real-world examples to illustrate the practical applications of blockchain in improving supply chain management practices. Finally, chapter five provides a conclusion and summary of the thesis, highlighting the key findings, implications, and recommendations for future research and industry practice. The thesis concludes that blockchain technology offers significant potential to transform supply chain management by enhancing transparency, traceability, and trust in purchasing processes. In conclusion, this thesis contributes to the existing literature on blockchain technology in supply chain management by demonstrating its capability to revolutionize purchasing processes and improve overall supply chain efficiency. The findings of this study have implications for both researchers and practitioners seeking innovative solutions to enhance transparency and traceability in supply chain operations.