Project Abstract

Abstract
The utilization of blockchain technology for enhancing supply chain transparency in small businesses has gained significant attention in recent years. This research aims to investigate the potential benefits and challenges associated with implementing blockchain technology in small business supply chains to enhance transparency and efficiency. The study will explore the current state of supply chain management in small businesses, identify the key issues and challenges faced in ensuring transparency, and examine how blockchain technology can address these challenges. The research methodology will involve a comprehensive literature review to analyze existing studies and frameworks related to supply chain transparency, blockchain technology, and small business operations. Additionally, primary data will be collected through interviews and surveys with small business owners, supply chain managers, and blockchain experts to gain insights into the practical implications and implementation strategies of blockchain technology in small business supply chains. The literature review will delve into various aspects of blockchain technology, including its characteristics, benefits, and applications in supply chain management. It will also examine the challenges and limitations associated with blockchain implementation in small businesses and explore potential solutions to overcome these barriers. The research methodology will be guided by a mixed-methods approach, combining qualitative and quantitative data analysis techniques to provide a comprehensive understanding of the research topic. Qualitative data will be collected through interviews and case studies, while quantitative data will be gathered through surveys and statistical analysis to measure the impact of blockchain technology on supply chain transparency in small businesses. The findings of this research are expected to contribute to the existing body of knowledge on blockchain technology and supply chain management in small businesses. The research will provide practical insights and recommendations for small business owners and managers looking to leverage blockchain technology to enhance supply chain transparency and operational efficiency. Overall, this research aims to shed light on the potential of blockchain technology to revolutionize supply chain management practices in small businesses and pave the way for a more transparent, secure, and efficient supply chain ecosystem. By exploring the benefits, challenges, and implementation strategies of blockchain technology in small business supply chains, this research seeks to empower small businesses to adopt innovative technologies and stay competitive in the ever-evolving business landscape.

Project Overview

The research project titled "Utilizing Blockchain Technology for Supply Chain Transparency in Small Businesses" aims to explore the potential benefits and challenges of implementing blockchain technology to enhance transparency in the supply chain of small businesses. In recent years, blockchain technology has gained significant attention for its ability to provide a secure and transparent way of recording transactions and data. This research seeks to investigate how small businesses can leverage blockchain technology to improve the visibility and accountability of their supply chain operations. The project will begin with an introduction to the concept of blockchain technology and its relevance to supply chain management in small businesses. A background of the study will provide an overview of the current challenges faced by small businesses in ensuring transparency and traceability in their supply chains. The problem statement will highlight the gaps and limitations in existing supply chain management practices that can be addressed through the implementation of blockchain technology. The objectives of the study will focus on identifying the key benefits of using blockchain technology in small business supply chains, such as increased transparency, improved traceability, and enhanced security. The research will also aim to explore the potential limitations and challenges that small businesses may encounter when implementing blockchain solutions. The scope of the study will define the boundaries of the research, outlining the specific aspects of supply chain transparency that will be examined. Furthermore, the significance of the study will emphasize the potential impact of implementing blockchain technology on small businesses, including improved operational efficiency, reduced costs, and increased customer trust. The structure of the research will provide a roadmap for the project, outlining the key chapters and sections that will be covered in the study. Additionally, a definition of terms section will clarify any technical or specialized terminology used throughout the research. Overall, this research project will contribute to the existing body of knowledge on blockchain technology and supply chain management by focusing on its application in small businesses. By investigating the benefits, challenges, and implications of utilizing blockchain for enhancing transparency in supply chains, this study aims to provide valuable insights and recommendations for small business owners and stakeholders looking to improve their supply chain operations.