Project Abstract

Abstract
Blockchain technology has gained significant attention in recent years for its potential to revolutionize various industries, including supply chain management. This research project focuses on the implementation of blockchain technology in supply chain management to enhance transparency and traceability. The primary objective of this study is to explore how blockchain can be utilized to improve the efficiency and reliability of supply chain processes and address the challenges associated with traditional supply chain management systems. The research begins with an introduction that provides an overview of the significance of blockchain technology in supply chain management. The background of the study highlights the current state of supply chain management and the limitations of existing systems in ensuring transparency and traceability. The problem statement identifies the key issues that blockchain technology can address in supply chain management, such as data security, counterfeit products, and supply chain visibility. The objectives of the study include examining the benefits of implementing blockchain technology in supply chain management, assessing the limitations and challenges of adopting blockchain, and exploring the potential impact of blockchain on supply chain transparency and traceability. The scope of the study focuses on the application of blockchain technology in various stages of the supply chain, from sourcing and production to distribution and logistics. A comprehensive literature review examines existing research on blockchain technology in supply chain management, covering topics such as blockchain fundamentals, supply chain transparency, traceability, data security, and smart contracts. The review identifies key trends, challenges, and opportunities in the field and provides a theoretical framework for the research. The research methodology section outlines the approach and methods used to conduct the study, including data collection, analysis, and interpretation. The methodology includes qualitative and quantitative research methods, such as interviews, surveys, case studies, and data analysis. The discussion of findings presents the results of the research, including the benefits and challenges of implementing blockchain technology in supply chain management. The findings highlight the potential of blockchain to enhance transparency, traceability, efficiency, and security in supply chains and address key issues facing the industry. In conclusion, this research project demonstrates the significant potential of blockchain technology in transforming supply chain management practices. By leveraging blockchain technology, organizations can improve transparency, traceability, and trust in their supply chains, leading to enhanced efficiency, reduced costs, and increased customer satisfaction. The study contributes to the growing body of knowledge on blockchain technology in supply chain management and provides valuable insights for practitioners, researchers, and policymakers seeking to adopt blockchain solutions in the supply chain industry.

Project Overview