Project Abstract

Abstract
The integration of blockchain technology in supply chain management has gained significant attention in recent years, especially in the context of small and medium enterprises (SMEs). This research explores the potential benefits and challenges of utilizing blockchain technology for enhancing supply chain management practices within SMEs. The aim of this study is to investigate how blockchain technology can address common issues faced by SMEs in managing their supply chains, such as transparency, traceability, and efficiency. Chapter One provides an introduction to the research topic, including the background of the study, problem statement, objectives, limitations, scope, significance, structure of the research, and definition of key terms. The chapter sets the foundation for understanding the importance of implementing blockchain technology in supply chain management for SMEs. Chapter Two presents an in-depth literature review on the utilization of blockchain technology in supply chain management. This chapter explores various studies, frameworks, and models that have examined the benefits and challenges of integrating blockchain in supply chain processes. The review of literature provides a comprehensive understanding of the current landscape of blockchain technology in supply chain management. Chapter Three outlines the research methodology used in this study, including research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. This chapter details the approach taken to investigate the impact of blockchain technology on supply chain management practices within SMEs. Chapter Four presents the findings of the research, based on the analysis of data collected from SMEs that have implemented blockchain technology in their supply chains. This chapter discusses the key insights, trends, and implications of utilizing blockchain technology for supply chain management in SMEs. The findings shed light on the advantages and challenges of adopting blockchain technology in the context of SME supply chains. Chapter Five concludes the research by summarizing the key findings and implications of the study. This chapter provides recommendations for SMEs looking to integrate blockchain technology into their supply chain management practices. The conclusion highlights the potential of blockchain technology to transform supply chain operations within SMEs and suggests areas for future research in this field. In conclusion, this research contributes to the existing body of knowledge on the utilization of blockchain technology for enhancing supply chain management in SMEs. By exploring the benefits and challenges of implementing blockchain technology, this study provides valuable insights for SMEs seeking to improve the transparency, traceability, and efficiency of their supply chains.

Project Overview

Overview: Blockchain technology has emerged as a disruptive innovation with the potential to revolutionize various industries, including supply chain management. In the context of small and medium enterprises (SMEs), the adoption of blockchain technology offers numerous benefits such as increased transparency, enhanced traceability, reduced costs, and improved efficiency in supply chain operations. This research project aims to explore the application of blockchain technology in addressing the challenges faced by SMEs in managing their supply chains effectively. The project will delve into the fundamental concepts of blockchain technology and its relevance to supply chain management within the context of SMEs. By leveraging the decentralized and immutable nature of blockchain, SMEs can streamline their supply chain processes, mitigate risks, and build trust among stakeholders. The research will investigate how blockchain can facilitate secure and transparent transactions, track the movement of goods, and enable real-time visibility across the supply chain network. Furthermore, the study will examine the potential limitations and challenges associated with integrating blockchain technology into SME supply chains, such as scalability issues, interoperability concerns, and regulatory compliance. By identifying these barriers, the research aims to develop practical recommendations and strategies to help SMEs overcome obstacles and maximize the benefits of blockchain adoption in supply chain management. Through a comprehensive literature review, the project will analyze existing studies, frameworks, and case studies related to blockchain technology and supply chain management in SMEs. By synthesizing and evaluating the current body of knowledge, the research seeks to offer insights into best practices, emerging trends, and potential areas for further exploration in the field. The research methodology will involve a combination of qualitative and quantitative approaches, including surveys, interviews, and data analysis. By engaging with industry experts, SME owners, and supply chain professionals, the project aims to gather valuable insights and perspectives on the practical implications of implementing blockchain technology in SME supply chains. In the discussion of findings, the research will present a detailed analysis of the data collected, highlighting key trends, challenges, and opportunities identified during the study. By examining real-world applications and case studies, the project will offer a nuanced understanding of the impact of blockchain technology on supply chain management practices in SMEs. In conclusion, this research project on "Utilizing Blockchain Technology for Supply Chain Management in Small and Medium Enterprises" aims to provide a comprehensive overview of the potential benefits, challenges, and implications of adopting blockchain technology in SME supply chains. By offering practical recommendations and insights, the study seeks to contribute to the ongoing dialogue on leveraging blockchain innovation to enhance supply chain efficiency and sustainability in the SME sector.