Application of Blockchain in Supply Chain Management for Engineering Industries

Blockchain technology has emerged as a transformative tool for supply chain management, providing transparency, traceability, and security in various industries. This dissertation focuses on exploring the application of blockchain in supply chain management specifically tailored for engineering industries, aiming to improve efficiency, reduce costs, and enhance trust across the supply chain.

The study begins with an introduction to blockchain technology, emphasizing its decentralized, immutable, and transparent nature. It discusses how these characteristics make blockchain ideal for addressing challenges in supply chain management, such as provenance tracking, counterfeit prevention, and data integrity.

A comprehensive review of supply chain management in engineering industries is presented, highlighting the complexity, stakeholders involved, and the business management dissertation importance of effective coordination and transparency. The dissertation discusses the various stages of the supply chain, from raw material sourcing to product distribution, and explores how blockchain can be applied at each stage to optimize operations.

Furthermore, the dissertation delves into the specific use cases of blockchain in engineering supply chains, including traceability of components and products, smart contracts for automated transactions, supplier and vendor management, and quality control. It discusses how blockchain-enabled solutions enhance transparency, streamline processes, and reduce the potential for errors and fraud.

The study emphasizes the integration of Internet of Things (IoT) devices with blockchain in supply chain management. It discusses how IoT-enabled sensors can capture real-time data, which is then recorded on the blockchain, providing an accurate and tamper-proof record of the product’s journey through the supply chain.

Real-world case studies and examples of successful blockchain implementations in engineering supply chains are presented. These case studies illustrate the tangible benefits of blockchain technology in terms of efficiency, transparency, and operational improvements within the engineering industry’s supply chains.

In conclusion, this dissertation underscores the transformative potential of blockchain in supply chain management for engineering industries. By exploring and implementing blockchain solutions, we can revolutionize the way engineering supply chains operate, promoting efficiency, integrity, and trust among stakeholders, ultimately contributing to a more efficient and reliable supply chain ecosystem.