Thesis Abstract

Abstract
The implementation of blockchain technology in supply chain management has emerged as a promising solution to enhance transparency and efficiency in procurement processes. This thesis explores the potential impact of integrating blockchain technology into supply chain management to address the challenges of transparency and efficiency in procurement. The research delves into the background of the study, the problem statement, objectives, limitations, scope, significance, and structure of the thesis in Chapter 1. Chapter 2 presents a comprehensive literature review covering ten key aspects related to blockchain technology, supply chain management, transparency, and efficiency in procurement processes. Chapter 3 outlines the research methodology, including research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. The findings of this study, presented in Chapter 4, demonstrate the effectiveness of blockchain technology in enhancing transparency and efficiency in procurement processes within supply chain management. The discussion encompasses various factors such as data security, traceability, smart contracts, and decentralized consensus mechanisms. The results reveal that blockchain technology can streamline procurement processes, improve trust among supply chain stakeholders, reduce fraud, and enhance overall operational efficiency. In conclusion, Chapter 5 summarizes the key findings of the study and emphasizes the significance of implementing blockchain technology in supply chain management for enhanced transparency and efficiency in procurement processes. The study underscores the importance of embracing innovative technologies like blockchain to revolutionize traditional procurement practices, foster trust among stakeholders, and drive sustainable business growth. This research contributes to the existing body of knowledge by providing insights into the practical applications of blockchain technology in supply chain management and offering recommendations for organizations seeking to leverage blockchain for procurement optimization. Keywords Blockchain Technology, Supply Chain Management, Transparency, Efficiency, Procurement Processes, Decentralization, Smart Contracts, Data Security, Traceability, Stakeholder Trust.

Thesis Overview

The project titled "Implementation of Blockchain Technology in Supply Chain Management for Enhanced Transparency and Efficiency in Procurement Processes" aims to explore the potential benefits and challenges associated with integrating blockchain technology into supply chain management systems. In recent years, blockchain technology has gained significant attention for its ability to provide transparency, security, and efficiency in various industries, including supply chain management. This research seeks to investigate how the implementation of blockchain can enhance transparency and efficiency in procurement processes within supply chains. The research will begin with a comprehensive review of existing literature on blockchain technology, supply chain management, and procurement processes. This review will provide a theoretical foundation for understanding the potential impact of blockchain on supply chain operations. By examining previous studies and industry reports, the research will identify key trends, challenges, and opportunities related to blockchain adoption in supply chains. Subsequently, the research will focus on the methodology used to investigate the implementation of blockchain technology in supply chain management. This will include a detailed explanation of the research design, data collection methods, and analysis techniques employed to achieve the research objectives. By utilizing both qualitative and quantitative research methods, the study aims to gather insights from industry experts, supply chain professionals, and blockchain technology specialists. The findings of the research will be presented in a detailed discussion that highlights the implications of implementing blockchain technology in supply chain management. This section will analyze the potential benefits of blockchain, such as increased transparency, reduced fraud, and improved traceability in procurement processes. Moreover, the discussion will address the challenges and limitations associated with blockchain adoption, including scalability issues, regulatory concerns, and interoperability challenges. In conclusion, the research will provide a summary of key findings, implications for practice, and recommendations for future research. By exploring the implementation of blockchain technology in supply chain management, this project aims to contribute to the growing body of knowledge on the role of blockchain in enhancing transparency and efficiency in procurement processes.