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

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 purchasing processes. The study aims to investigate how blockchain can address the challenges faced in traditional supply chain systems and improve overall performance. The research begins with a comprehensive literature review in Chapter Two, which provides an in-depth analysis of existing studies on blockchain technology and its applications in supply chain management. The review highlights the benefits of blockchain, such as increased security, transparency, and traceability, and discusses the challenges and limitations associated with its adoption. Chapter Three outlines the research methodology employed in this study, including the research design, data collection methods, and data analysis techniques. The chapter also discusses the selection of participants and the process of data collection to ensure the reliability and validity of the findings. Chapter Four presents the findings of the research, detailing how blockchain technology can be implemented to improve transparency and efficiency in purchasing processes. The chapter analyzes the impact of blockchain on supply chain management practices, highlighting its potential to streamline operations, reduce costs, and enhance trust among stakeholders. Finally, Chapter Five provides a conclusion and summary of the thesis, summarizing the key findings and implications of the study. The chapter discusses the significance of the research in advancing knowledge in the field of supply chain management and offers recommendations for future research and practical applications of blockchain technology. Overall, this thesis contributes to the existing literature on blockchain technology and supply chain management by demonstrating the potential benefits of implementing blockchain in purchasing processes. By enhancing transparency and efficiency, blockchain technology has the capacity to transform traditional supply chain systems and drive innovation in the industry.