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How to employ blockchain technology to address the pressing issues and challenges faced in Green Supply Chain Management?

  • As businesses advance toward globalization, their supply chains have expanded. Globalization has brought together varied marketplaces, but it also has consequences. The most significant of these impacts is environmental damage. As organizations and customers are becoming growingly aware of the extent of the damage, organizations are transitioning towards greener practices. However, the long, complex supply chains make visibility and transparency in the chain, particularly beyond the first tier of suppliers difficult. Managing companies at a global scale become complex due to differences in interests and difficulty in managing information, material, and financial flow that require rigorous validation and management from external participants. This is where Blockchain Technology has immense potential. Blockchain is a new, ground-breaking technology with applications primarily in the financial sector. This thesis is exploratory by necessity, as it is an early work on blockchain's influence on green supply chain management. The study employs the funnel technique, which begins with a broad and general perspective before moving on to more particular aspects of the subject. A framework is designed based on a thorough assessment of the literature and real-world applications of blockchain technology. The findings show that incorporating blockchain into supply chain management can potentially increase understanding of the supply chain's hidden layers and aid in the transformation of the existing supply chain to a green supply chain.

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Author:Venkatesh Radha Krishnan
Referee:Frank KramerGND
Document Type:Master's Thesis
Year of Completion:2022
Granting Institution:Hochschule Furtwangen
Date of final exam:2022/02/28
Release Date:2022/03/03
Tag:Blockchain technology; Chain management; Environmental damage; Supply chains
Degree Program:MBA - International Business Management
Functional area:Economics
Licence (German):License LogoUrheberrechtlich gesch├╝tzt