Implementing Blockchain Technology in Supply Chain Management for Enhanced Transparency and Efficiency in Purchasing Processes

Thesis Abstract

Abstract
Blockchain technology has gained significant attention across various industries for its potential to revolutionize traditional processes by enhancing transparency, security, and efficiency. This thesis explores the implementation of blockchain technology in supply chain management to improve transparency and efficiency in purchasing processes. The study investigates how blockchain can address existing challenges in supply chain management and optimize purchasing activities. Chapter 1 introduces the research by providing a background of the study, defining the problem statement, outlining the objectives, discussing the limitations and scope of the study, highlighting the significance of the research, and presenting the structure of the thesis. Chapter 2 conducts a comprehensive literature review on blockchain technology, supply chain management, and purchasing processes. The review includes an analysis of previous studies, frameworks, and models related to the application of blockchain in supply chain management. Chapter 3 outlines the research methodology employed in this study. It discusses the research design, data collection methods, sampling techniques, data analysis procedures, ethical considerations, and limitations of the methodology. Chapter 4 presents the findings of the research, analyzing the impact of implementing blockchain technology in supply chain management for enhancing transparency and efficiency in purchasing processes. This chapter discusses the key benefits, challenges, and implications of utilizing blockchain in supply chain operations. Chapter 5 concludes the thesis by summarizing the key findings, highlighting the contributions of the study to the field of supply chain management, and providing recommendations for future research. The conclusion emphasizes the potential of blockchain technology to transform purchasing processes and improve overall supply chain performance. Overall, this thesis contributes to the existing body of knowledge by exploring the practical implications of implementing blockchain technology in supply chain management. The findings of this research offer valuable insights for organizations seeking to enhance transparency and efficiency in their purchasing processes through the adoption of blockchain technology.