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Introduction

Blockchain technology has emerged as a powerful tool for revolutionizing various industries by providing transparency, security, and efficiency in transactions. In recent years, supply chain finance has gained significant attention as a method for optimizing cash flow and working capital management for businesses. With the use of blockchain technology, supply chain finance systems can be further enhanced to streamline processes and reduce potential risks.

Background of Study

The traditional supply chain finance process involves multiple intermediaries, manual documentation, and lengthy approval processes. These inefficiencies can lead to delays, errors, and increased costs for all parties involved. By utilizing blockchain technology, the supply chain finance system can be decentralized, allowing for secure and transparent transactions between buyers, suppliers, and financial institutions.

Problem Statement

Despite the potential benefits of blockchain technology in supply chain finance, there are still challenges and barriers to its widespread adoption. These include issues related to scalability, interoperability, regulatory compliance, and data privacy. Addressing these challenges is crucial for the successful implementation of a blockchain-based supply chain finance system.

Objective of Study

The main objective of this thesis is to develop a blockchain-based supply chain finance system that addresses the current limitations and challenges in the industry. By implementing a decentralized and transparent platform, this system aims to improve the efficiency, security, and trust in supply chain finance transactions.

Limitation of Study

This study is limited to theoretical analysis and simulation of the proposed blockchain-based supply chain finance system. Practical implementation and real-world testing may present additional challenges and considerations that are beyond the scope of this research.

Scope of Study

The scope of this study includes a detailed analysis of blockchain technology, supply chain finance processes, and the integration of both in the development of a new system. The focus will be on the design, implementation, and evaluation of the proposed system in a simulated environment.

Significance of Study

The significance of this study lies in its potential to transform the supply chain finance industry by introducing a more secure, efficient, and transparent system. By addressing the current limitations and challenges, this research contributes to the advancement of blockchain technology and its applications in finance.

Structure of the Thesis

This thesis is structured into five chapters. Chapter one provides an introduction to the research topic, background information, problem statement, objectives, limitations, scope, significance, and structure of the thesis. Chapter two presents a comprehensive literature review on blockchain technology, supply chain finance, and related concepts. Chapter three outlines the system design and methodology, including the architecture, algorithms, and protocols used in the development of the blockchain-based supply chain finance system. Chapter four details the implementation of the system, including code snippets, testing procedures, and performance evaluations. Finally, chapter five concludes the thesis with a summary of findings, implications for future research, and recommendations for practical implementation.

Definition of Terms

Blockchain technology: A decentralized, immutable, and transparent ledger system used for recording transactions securely.

Supply chain finance: A financial solution that optimizes cash flow and working capital management for businesses by leveraging the relationships between buyers, suppliers, and financial institutions.

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