Thesis Abstract

Abstract
The implementation of blockchain technology in supply chain management has received increasing attention due to its potential to enhance transparency and efficiency in purchasing processes. This thesis explores the application of blockchain technology in the context of supply chain management to address the challenges faced in traditional purchasing processes. The research aims to investigate how blockchain technology can be leveraged to improve transparency, traceability, and efficiency in purchasing processes, ultimately leading to cost savings and improved supply chain performance. The study begins with an introduction to the background of the research, highlighting the importance of transparency and efficiency in supply chain management and the role of blockchain technology in addressing these challenges. The problem statement identifies the key issues faced in traditional purchasing processes, such as lack of transparency, data silos, and inefficiencies, which impact supply chain performance. The objectives of the study are outlined to guide the research towards achieving a comprehensive understanding of the benefits and challenges of implementing blockchain technology in supply chain management. The literature review presents an in-depth analysis of existing studies on blockchain technology, supply chain management, and purchasing processes. It examines the theoretical foundations of blockchain technology and its potential applications in supply chain management, highlighting the benefits of decentralization, transparency, and data security. The review also discusses the challenges and limitations of blockchain technology adoption, such as scalability, interoperability, and regulatory concerns. The research methodology outlines the approach taken to investigate the implementation of blockchain technology in supply chain management. The study utilizes a mixed-methods research design, combining qualitative and quantitative data collection methods to gather insights from industry experts, supply chain practitioners, and blockchain technology developers. The methodology includes data collection techniques, sampling procedures, data analysis methods, and ethical considerations to ensure the validity and reliability of the research findings. The discussion of findings presents the results of the research, analyzing the impact of blockchain technology on transparency and efficiency in purchasing processes. The findings reveal that blockchain technology offers significant benefits in enhancing supply chain visibility, reducing fraud, improving trust among supply chain partners, and streamlining procurement processes. However, challenges such as integration complexity, data privacy concerns, and regulatory compliance issues need to be addressed to fully realize the potential of blockchain technology in supply chain management. In conclusion, the study highlights the significance of implementing blockchain technology in supply chain management to achieve enhanced transparency and efficiency in purchasing processes. The research contributes to the existing body of knowledge by providing insights into the benefits and challenges of adopting blockchain technology in supply chain management. The findings have practical implications for supply chain practitioners, policymakers, and technology developers seeking to leverage blockchain technology for improving supply chain performance.

Thesis Overview

The research project titled "Implementation of Blockchain Technology in Supply Chain Management for Enhanced Transparency and Efficiency in Purchasing Processes" aims to explore and analyze the potential benefits of integrating blockchain technology into supply chain management to enhance transparency and efficiency in purchasing processes. This research overview provides a comprehensive explanation of the project, outlining the significance, objectives, methodology, and expected outcomes. Supply chain management is a critical aspect of modern business operations, involving the coordination of various activities such as procurement, production, inventory management, and distribution. Transparency and efficiency are key factors that can significantly impact the performance and competitiveness of a supply chain. Traditional supply chain management systems often face challenges related to data accuracy, trust issues, lack of transparency, and inefficiencies in processes. Blockchain technology, known for its decentralized and immutable nature, offers a promising solution to address these challenges in supply chain management. By leveraging blockchain technology, organizations can create a secure and transparent network where all transactions and data exchanges are recorded in a tamper-proof manner. This can help improve trust among supply chain partners, enhance visibility into the flow of goods and information, and streamline purchasing processes. The objectives of this research project include: 1. To examine the current challenges and limitations in traditional supply chain management systems that impact transparency and efficiency in purchasing processes. 2. To investigate the features and capabilities of blockchain technology and its potential applications in supply chain management. 3. To analyze case studies and best practices of blockchain implementation in supply chain management to identify key success factors. 4. To develop a framework for the integration of blockchain technology in supply chain management to enhance transparency and efficiency in purchasing processes. 5. To evaluate the potential benefits, risks, and implications of adopting blockchain technology in supply chain management. The research methodology will involve a comprehensive literature review to explore existing theoretical frameworks, case studies, and empirical studies related to blockchain technology and supply chain management. Primary data collection methods such as surveys, interviews, and case studies may also be employed to gather insights from industry experts and practitioners. The expected outcomes of this research project include a deeper understanding of the role of blockchain technology in improving transparency and efficiency in supply chain management, as well as the development of practical recommendations for organizations looking to adopt blockchain solutions in their purchasing processes. By shedding light on the benefits and challenges of implementing blockchain technology in supply chain management, this research aims to contribute valuable insights to the field and guide future research and industry practices.