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 as a promising solution for enhancing transparency and efficiency in various industries. This thesis explores the implementation of blockchain technology in supply chain management to address issues related to transparency and efficiency in purchasing processes. The study aims to investigate the potential benefits of integrating blockchain technology into supply chain management systems and its impact on enhancing transparency and efficiency in purchasing activities. The research begins with an introduction that provides an overview of the background of the study, problem statement, objectives, limitations, scope, significance, structure of the thesis, and definition of key terms. A comprehensive literature review in Chapter Two examines existing studies on blockchain technology, supply chain management, transparency, and efficiency in purchasing processes. The review highlights key concepts, theories, and frameworks relevant to the research topic, providing a foundation for the study. Chapter Three focuses on the research methodology, outlining the research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. The chapter details how data will be collected, analyzed, and interpreted to address the research objectives effectively. In Chapter Four, the findings of the study are presented and discussed in detail. The chapter explores the impact of implementing blockchain technology in supply chain management on enhancing transparency and efficiency in purchasing processes. The results are analyzed in relation to the research objectives, providing insights into the potential benefits and challenges of integrating blockchain technology in supply chain management systems. Finally, Chapter Five concludes the thesis by summarizing the key findings, discussing their implications, and offering recommendations for future research and practice. The conclusion highlights the significance of blockchain technology in improving transparency and efficiency in purchasing processes within supply chain management systems. Overall, this thesis contributes to the existing body of knowledge on the application of blockchain technology in supply chain management. The study offers valuable insights for researchers, practitioners, and policymakers seeking to leverage blockchain technology to enhance transparency and efficiency in purchasing activities, ultimately improving supply chain performance and customer satisfaction.