Blockchain Technology: An Analysis of Application Uses within Supply Chain
Open Access
Author:
Peterson, Taylor M
Area of Honors:
Supply Chain and Information Systems
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
Dr. Robert Alexander Novack, Thesis Supervisor Dr. John C. Spychalski, Thesis Honors Advisor
Keywords:
Blockchain Cryptocurrencies Distributed Ledger Technology Bitcoin Ethereum New Technology
Abstract:
As technology advances, it is important to continually explore and develop these new technologies. Blockchain technology is a platform that has received a lot of recognition lately having been cited as ‘revolutionary.’ However, opponents of the technology claim that the platform is over hyped. This thesis seeks to provide a comprehensive understanding of blockchain technology, and how this technology has the potential to impact supply chains around the world. This thesis will give an in-depth description of the history of blockchain and how it works. This thesis will than explore how blockchain technology can be applied within supply chains and what the challenges and limitations may be. Finally, this thesis will conclude with a recommendation as to what application the company could benefit from and how to implement the specific application.