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

Thesis Abstract

Abstract
The global landscape of supply chain management has witnessed significant advancements in recent years, with the emergence of blockchain technology offering a promising solution for enhancing transparency and efficiency in procurement processes. This thesis explores the implementation of blockchain technology in supply chain management to address the challenges associated with traditional procurement methods. The research aims to investigate the potential benefits of blockchain technology in improving transparency and efficiency within the supply chain, focusing on how this innovative technology can revolutionize procurement processes. The introductory chapter provides a comprehensive overview of the research, highlighting the background of the study, problem statement, objectives, limitations, scope, significance, and structure of the thesis. It also includes a detailed definition of key terms to establish a clear understanding of the research context. Chapter Two presents a thorough literature review covering ten key aspects related to blockchain technology, supply chain management, and procurement processes. This section explores existing literature, theories, and empirical studies to provide a theoretical framework for the research and identify gaps in current knowledge. Chapter Three outlines the research methodology employed in this study, including research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. It includes eight components that guide the empirical investigation and data interpretation to achieve the research objectives. In Chapter Four, the findings of the study are extensively discussed, analyzing the impact of blockchain technology on transparency and efficiency in procurement processes within the supply chain. The results of the research are presented, interpreted, and contextualized within the existing literature to derive meaningful insights and implications. Finally, Chapter Five presents a comprehensive conclusion and summary of the thesis, summarizing the key findings, implications, and recommendations for future research and practical applications. The conclusion highlights the significance of implementing blockchain technology in supply chain management to enhance transparency and efficiency in procurement processes, ultimately contributing to the advancement of sustainable and resilient supply chains. This thesis contributes to the growing body of knowledge on the application of blockchain technology in supply chain management, emphasizing its potential to transform procurement processes and drive organizational success in an increasingly competitive and dynamic business environment. The research findings offer valuable insights for academics, practitioners, policymakers, and industry professionals seeking to leverage blockchain technology for improved transparency and efficiency in supply chain operations.