Implementation of Blockchain Technology in Supply Chain Management for Enhanced Transparency and Efficiency in Procurement Processes

Thesis Abstract

Abstract
Blockchain technology has gained significant attention in recent years due to its potential to revolutionize various industries, including supply chain management. This thesis explores the implementation of blockchain technology in supply chain management to enhance transparency and efficiency in procurement processes. The study aims to investigate how blockchain can address the challenges faced in traditional procurement systems, such as lack of transparency, data security issues, and inefficiencies. Chapter 1 provides an introduction to the research topic, including the background of the study, problem statement, objectives, limitations, scope, significance, structure of the thesis, and definition of key terms. Chapter 2 presents a comprehensive literature review on blockchain technology, supply chain management, procurement processes, and the integration of blockchain in supply chains. The chapter discusses the benefits, challenges, and existing applications of blockchain in procurement. Chapter 3 outlines the research methodology, including research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. The chapter also describes the research framework and justifies the chosen methodology for the study. Chapter 4 presents the findings of the research, highlighting the impact of blockchain technology on transparency and efficiency in procurement processes. The chapter discusses the key findings, trends, challenges, and recommendations for implementing blockchain in supply chain management. Finally, Chapter 5 concludes the thesis by summarizing the key findings, implications of the study, limitations, and future research directions. The conclusion emphasizes the importance of blockchain technology in enhancing transparency and efficiency in procurement processes and its potential to transform supply chain management practices. Overall, this thesis contributes to the growing body of knowledge on blockchain technology applications in supply chain management and provides valuable insights for practitioners and researchers in the field.