Blockchain as an innovative technology in operational management: the transformation of traditional business (based on Inncarbon Technology Ltd. case)

Abstract

This bachelor's thesis investigates the impact of blockchain technology on operational management and its capability to transform traditional companies. Using the COO role in Inncarbon Technology Ltd. as a case study, the research aims to explore the advantages and disadvantages of implementing blockchain in an operational system. This study adopts a mixed-method technique, which includes both qualitative and quantitative studies methods, to analyze the facts amassed from surveys, interviews, and literature evaluation. The findings advocate that blockchain technology can improve efficiency, transparency, and safety in operational management and can be a powerful tool for transforming traditional businesses. However, the successful implementation of blockchain technology requires careful planning, investments, and a significant change in organizational lifestyle. The studies offer valuable insights for companies and policymakers to make informed choices about the adoption of blockchain technology in operational management.