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

Thesis Abstract

Abstract
This thesis explores the implementation of blockchain technology in supply chain management to enhance transparency and efficiency in purchasing processes. With the increasing complexity of global supply chains and the growing demand for transparency and traceability, blockchain technology offers a promising solution to address these challenges. The study aims to investigate the potential benefits and challenges of integrating blockchain technology into supply chain management practices, specifically focusing on purchasing processes. The research begins with a comprehensive review of the existing literature on blockchain technology, supply chain management, and purchasing processes. The literature review highlights the key concepts, theories, and trends in these areas, providing a solid foundation for the study. The methodology chapter outlines the research design, data collection methods, and analysis techniques used to investigate the research questions and objectives. The findings chapter presents the results of the study, including the benefits of blockchain technology in enhancing transparency, traceability, and efficiency in purchasing processes. The discussion chapter critically analyzes the findings, identifies key insights, and discusses the implications for theory and practice. The conclusion chapter summarizes the key findings, discusses the limitations of the study, and offers recommendations for future research. Overall, this thesis contributes to the existing body of knowledge by demonstrating the potential of blockchain technology to transform supply chain management practices and improve transparency and efficiency in purchasing processes. By leveraging blockchain technology, organizations can enhance trust, reduce fraud, streamline transactions, and create more resilient and sustainable supply chains. This research has implications for academics, practitioners, policymakers, and other stakeholders interested in the intersection of blockchain technology, supply chain management, and purchasing processes.