Project Report

Project Report on
“Exploring the Potential of Blockchain in Revolutionizing Food

Supply Chain Management: Based on Bangladesh”
Project Report Submitted to the Department of Business Administration to Fulfil the Degree of
Bachelor of Business Administration
Submitted To:
Abu Sadat Muhammad Ashif
Assistant Professor
Department of Business Administration
East West University
Submitted By:
Md. Salauddin Shakil
ID: 2019-1-10-263
Major in Management Information System (MIS)
Date of Submission: 3rd September 2023

Declaration
I hereby declare that,

1. The Project report submitted is my original work while completing a degree at East West
University.
2. This report has been, and never will be reproduced for any other Bachelor of Business
Administration Course or any other purposes.
3. This material does not contain any material previously published or written by a third party,
except where this is appropriately cited through full and accurate reference.
4. I have acknowledged all the main sources of help.
Student’s Full Name & Signature:

ID: 2019-1-10-263
Supervisor’s Full Name & Signature:
Abu Sadat Muhammad Ashif

Assistant Professor
Letter of Transmittal
Abu Sadat Muhammad Ashif,

Assistant Professor
Jahurul Islam City, Aftabnagar
Dhaka-1212, Bangladesh
Subject: Submission of a Project Report on " Exploring the Potential of Blockchain in

Revolutionizing Food Supply Chain Management: Based on Bangladesh "
Dear Sir,
I am writing to submit the final project report titled “Exploring the Potential of Blockchain in
Revolutionizing Food Supply Chain Management: Based on Bangladesh” as part of BUS498
course. This report presents the findings, analysis, and recommendations based on the research and
study conducted during the project.
The purpose of this project was to provide a concise overview of the study's focus on exploring
the potential of “Blockchain in Revolutionizing Food Supply Chain Management”, which is based
on Bangladesh and to highlight the potential benefits, challenges, and considerations associated
with its implementation. I have dedicated significant time and effort to conduct thorough research,
analyzing data, and formulating insightful conclusions to fulfill the project's objectives.
In this comprehensive report, you will find detailed information about our research methodology,
data collection techniques, analysis procedures, and the outcomes derived from our study. The
report is structured logically, beginning with an introduction to the project, then the literature
review, research methodology, analysis and findings, significance, future research,
recommendations, and conclusions. Throughout the project, I have strived to maintain the highest
professionalism, integrity, and accuracy standards. I have taken appropriate measures to ensure the
reliability and validity of my research findings, utilizing both primary and secondary data sources.
Thank you for your time and consideration. I hope this project report meets your expectations and
is a valuable resource for educational purposes.
Yours sincerely,
ID: 2019-1-10-263
Major in Management Information System (MIS)

Acknowledgement
I want to express our deepest gratitude and appreciation to everyone who contributed to the
successful completion of this project. This endeavor would not have been possible without the
support, guidance, and collaboration.
First and foremost, I extend my heartfelt thanks to our project supervisor Abu Sadat Muhammad
Ashif Sir, whose expertise, guidance, and valuable insights were instrumental in shaping the
direction of this project. I am grateful for their unwavering support, patience, and encouragement
throughout the project.
I would also like to thank East West University for providing us with the necessary resources,
facilities, and access to data, enabling us to conduct my research effectively. The support and
cooperation received from faculty members were invaluable in ensuring the smooth progress of
my project.
My sincere thanks go to the survey participants, whose willingness to share their opinions and
insights provided the essential data for my analysis. Their contribution played a vital role in
shaping the findings and conclusions of my project.
I would also like to acknowledge the valuable input and feedback from my friends & experts who
reviewed my work. Their constructive criticism and suggestions helped me refine my methodology
and strengthen the quality of my analysis. Their encouragement and belief in my abilities
motivated me to overcome challenges and stay focused on achieving my objectives.
Lastly, I want to thank the countless researchers, scholars, and professionals whose work and
publications served as a foundation for my study. Their contributions to the relevant field have
been invaluable in shaping my understanding and informing my research.
Abstract
This study explores the potential of blockchain in enhancing Bangladesh's food supply chain
management. The study suggests that blockchain technology has promised as an approach to the
country's particular challenges, including widespread food adulteration and inefficiencies in
distribution. By adopting a comprehensive mixed-method research approach, this study aims to
collect diverse perspectives from many different groups involved in the food supply chain. The
findings demonstrate a significant preference for the numerous advantages of blockchain
technology, highlighting its ability to strengthen transparency, improve traceability, and optimize
operational efficiency. Nevertheless, achieving complete implementation is possible, as
emphasized by several participants. However, blockchain technology plays a crucial role in
Bangladesh's ambitious efforts towards digital transformation. This study emphasizes the
immediate significance of blockchain technology within the specific context of Bangladesh and
provides a fundamental framework for its implementation in broader supply chain contexts
worldwide.
Table of Contents
Sl. No. Topics Page No.
1. Introduction 1
1.1 Background and Context of the Study 1
1.2 Statement of the Problem 2
1.3 Objective of the Study 2
1.4 Scope of the study 3
1.5 Limitations of the study 4
2. Literature Review 5
3. Methodology 7
4. Findings & Discussions 8
4.1 Findings 8
4.2 Data Analysis 18
4.3 Discussions 29
5. Significance 31
6. Future Research 33
7. Recommendations 35
8. Conclusions 36
9. References 38
10. Appendices 41
Exploring the Potential of Blockchain in Revolutionizing Food Supply Chain Management: Based on Bangladesh
1. Introduction
In an era of accelerated technological progress and globalization, the dynamics of the food supply
chain have changed significantly. This development is not only a result of technological integration
but also a response to the growing complexity of global food distribution. As the complexity of
the global food supply chain increases, ensuring its effectiveness, transparency, and safety
becomes of the utmost importance.
1.1 Background and Context of the Study
Bangladesh, a nation with a rich agricultural history and a population of more than 160 million, is
at the center of this global transformation. Its food supply chain, vital to the nation's economy and
survival, is filled with difficulties. From concerns regarding food adulteration to inefficiencies in
distribution and storage, it is evident that innovative solutions are required. Enter blockchain
technology, a possible solution for numerous problems impacting the food supply chain. At its
fundamental level, blockchain is a decentralized ledger technology that promises remarkable
transactional transparency, security, and history (Kshetri, 2021). Blockchain operates on a
distributed network, ensuring that no single entity can modify data without agreements, unlike
traditional databases where a single entity has control. This characteristic is significant for food
supply chain management, which necessitates collaboration between diverse stakeholders, such as
farmers, distributors, retailers, and consumers (Duan et al., 2020).
In simple terms, food supply chain management is a system of processes that supervise the
transportation of food products from their source to the consumer's plate. It is a delicate movement
of coordination to ensure that food products are delivered not only efficiently but also safely while
maintaining their quality and originality. For a nation like Bangladesh, where food safety has
frequently been compromised by incidents involving adulteration, the potential of blockchain is
transformative. By providing a transparent and immutable ledger of transactions, blockchain can
restore lost consumer confidence and ensure that every food product can be traced to its source.
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This traceability ensures that products are sourced sustainably and ethically, in addition to ensuring
their safety.
Moreover, as Bangladesh advances toward its vision of digital transformation, the incorporation
of technologies such as blockchain into essential sectors is consistent with its broader goals. The
real-time tracking capabilities of blockchain can address inefficiencies in distribution, ensuring
timely delivery and substantially reducing food waste — a crucial concern given the country's
population density and food security issues (Miraz et al., 2023).
1.2 Statement of the Problem
Despite the apparent advantages of blockchain in the food supply chain, its implementation in
Bangladesh is still in its early stages. More research needs to be conducted on the immediate
advantages, possible challenges, and broader consequences of integrating blockchain technology
into Bangladesh's food supply chain. Due to the country's distinct socioeconomic and cultural
environment, a customized examination of blockchain's potential is essential.
1.3 Objective of the Study
This study aims to fill this knowledge gap by exploring in depth the potential of blockchain
technology to revolutionize the administration of the food supply chain in Bangladesh. By
combining insights from existing literature with primary research involving key stakeholders, the
study aims to depict a comprehensive picture of the prospective opportunities and challenges. The
ultimate objective is to create a road map for the seamless integration of blockchain, fostering a
transparent, efficient, and trustworthy food supply chain for all Bangladeshis. Specifically, the
survey seeks to answer the following three important research questions:
➢ Assess the current state of research on blockchain adoption in agricultural supply chain
management in Bangladesh.
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➢ Identifying and evaluating the benefits that blockchain technology can offer to
Bangladesh's food supply chain management to revolutionize it.
➢ Examine and assess the obstacles that blockchain technology may face in its efforts to
revolutionize the administration of the food supply chain in Bangladesh.
By addressing these research questions, this study intends to shed light on the viability of
blockchain adoption in the context of the Bangladeshi food supply chain and provide insights that
can inform stakeholders, policymakers, and industry players about the potentially transformative
power of this technology.
1.4 Scope of the study
This study aims to explain the complexities of blockchain adoption in Bangladesh's food supply
chain. Essentially, the study attempts to:
➢ Conduct a comprehensive literature review on the Bangladeshi food supply chain,

including academic research, industry insights, and real-world blockchain initiatives. This
primary step will lay the groundwork for comprehending the current landscape and
blockchain's potential in this field.
➢ The research will clarify the advantages blockchain can bring to Bangladesh's food supply
chain by drawing on the literature and supplementing it with empirical data. From
enhancing traceability and transparency to reducing food fraud and refining processes, the
study will demonstrate how blockchain can transform the food supply chain, making it
more robust and trustworthy.
➢ Beyond the benefits, it is essential to perceive and comprehend the obstacles that may
impede blockchain's seamless integration. The research will delve deeply into these
challenges, which, among others, encompass technological, infrastructural, and regulatory
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domains. This exhaustive analysis will give stakeholders a clear picture of the upcoming
challenges, enabling them to make informed decisions and engage in strategic planning.
1.5 Limitations of the study
No matter how thorough, every research project has its restrictions, and this study on how
blockchain technology might revolutionize Bangladesh's food supply chain management is no
exception. Understanding these constraints is essential for considering the results and directing
future studies.
➢ Although a wide range of stakeholders were included in the study, the sample size was
small. This implies that while the information obtained offers a valuable glimpse, it's
possible that it needs to fully reflect the range of perspectives and experiences present
throughout Bangladesh's complete food supply chain. Exceptionally, some specialized
groups' voices might need to be better represented.
➢ The study mainly focused on a national viewpoint, potentially excluding regional variances
within Bangladesh. Different locations could face particular difficulties and opportunities
when managing the food supply chain, and these details might have yet to be fully
understood.
➢ Despite efforts to ensure neutrality, underlying biases may have impacted the study. For
instance, participants with a background in technology may have a favorable bias toward
blockchain, which might affect the results.
➢ Although the study provided a thorough overview, some complex aspects of blockchain
technology or particular difficulties in the food supply chain may not have been thoroughly
explored. While providing a comprehensive view, this broad approach might have
overlooked some essential elements.
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It is crucial to acknowledge these limitations for a comprehensive understanding of the current

findings and to determine the course and approach of upcoming research projects in this area.
In essence, the purpose of this study is to provide a comprehensive comprehension of the potential,
benefits, and challenges of integrating blockchain into the food supply chain of Bangladesh, along
with a road map for future endeavors in this area.
2. Literature Review
Blockchain technology has earned significant attention in recent years due to its potential to
revolutionize in various industries, including food supply chain management. Blockchain-Based
Food Supply Chain Management, which aims to track food supply chain activities of
administrators, farmers, shopkeepers, and customers using blockchain technology (Srinivasan,
2021). The benefits of using blockchain in supply chain management, emphasizing its ability to
provide secure and transparent tracking of products and transactions (Kshetri, 2021). It is used
in the ability to track and trace food products from farm to table, ensuring transparency and
accountability. Five potential challenges, including lack of deeper understanding of blockchain,
technology difficulties, raw data manipulation, difficulties of getting all stakeholders on board,
and the deficiency of regulations (Duan, 2020).
Supply chain management relies on the accuracy and integrity of the data recorded on the
chain. Data Security, an assessment of the security measures provided by blockchain to protect
sensitive data in the supply chain (Dhana, 2021).
Blockchain technology can enhance food traceability by creating an immutable and

decentralized ledger of all transactions and movements along the supply chain. This ensures that
the provenance of food products can be accurately traced, allowing for better qualitycontrol,
reduced fraud, and increased consumer confidence in the authenticity of the products (Hafeez,
Page | 5
2020). By utilizing blockchain in the food supply chain, stakeholders can access real-time and
transparent information about the status of products. As a result, it fosters trust among
participants and minimizes information asymmetry, reducing the likelihood of information
manipulation or miscommunication (Khan, 2019) . As each transaction is securely recorded in
the blockchain, identifying the origin and distribution of contaminated or faulty products
becomes quicker and more precise (Azam, 2021). This enables timely and targeted recalls,
preventing further distribution and consumption of potentially harmful goods (Rahman, 2022).
The combination of blockchain with IoT (Internet of things) devices can further enhance food
supply chain management in Bangladesh. IoT (Internet of things) devices can also trigger
automatic smart contracts within the blockchain, which can facilitate certain supply chain actions
or decisions based on predefined conditions (Tariq, 2023).
The potential for wider adoption of blockchain technology in the food supply chain in
Bangladesh, considering factors such as industry interest, technological readiness, and
government support (Smith, 2019). One of the essential characteristics of some Blockchain
implementations is the capacity to complete autonomous transactions, referred to as
"Smart Contracts" (Tariq, 2023). Investigating the scope for expanding the use of smart contracts
in automating additional supply chain processes and to facilitate cross-border trade and
cooperation in the global food supply chain, promoting transparency and trust among
international stakeholders (Queiroz, 2019). The existing regulatory environment in Bangladesh
concerning blockchain technology identifies potential legal and policy challenges that could
hinder its widespread adoption (Adams, 2019). For blockchain solutions, identifying the
potential financial and resource challenges faced by businesses and stakeholders in adopting &
implementing blockchain technology (Johnson, 2021).
The studies collectively focus on blockchain technology's immense potential in revolutionizing

food supply chain management by enhancing transparency, traceability, and overall efficiency
within Bangladesh.
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3. Methodology
This study will use a mixed-method research design, combining qualitative and quantitative
approaches, to understand the challenges, opportunities, and implementation aspects of blockchain
technology in Bangladesh's food supply chain management. It makes use of both primary and
secondary data sources.
This study's core is a thorough survey carefully developed to gather the various perspectives and
thoughts of essential individuals in the food supply chain. This original data, gathered online for
convenience and efficiency, provides a clear view of the implications, potential, and difficulties of
implementing blockchain technology in Bangladesh. A structured questionnaire obtained the
replies, and SPSS was then used to analyze them. The insights obtained were not only descriptive
but also provided a more comprehensive understanding of potential consequences for the entire
industry due to the thorough analytical process adopted.
A unique variety of secondary data ties throughout this primary data collection. This study looks
deeply into the current literature on the use of blockchain in managing the food supply chain,
drawing on seminal studies. These publications from reputable academic journals offer a
fundamental framework for explaining the primary material. They provide information on
worldwide trends, difficulties, and accomplishments, laying the groundwork for a better
comprehension of the situation in Bangladesh.
After being combined, the data from these two sources undergo careful study. The themes were
filtered, patterns were identified, and discrepancies were emphasized. This two-pronged method,
which combines the immediateness of direct data with the depth of secondary study, guarantees a
thorough comprehension of the subject. The conclusions drawn from the research offer a clear
picture of the steps needed to integrate blockchain technology into Bangladesh's food supply chain,
as well as its potential advantages and challenges.
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4. Findings & Discussions
A comprehensive description of the demographic aspects of the participants, followed by a

thorough review of Likert scale inquiries about the obstacles and opportunities associated with
blockchain technology in food supply chain management. This part employs a variety of graphical
representations, including graphs and charts, to explain the significant trends and patterns observed
in the gathered data. Moreover, using descriptive and inferential statistics and including reliability
test outcomes derived from the Statistical Package for the SPSS contributes to establishing a solid
foundation for interpreting the collected data. The following discussions reveal significant findings
and valuable insights that add to the project's overall objective, which is to gain insight into the
potential influence of blockchain technology in transforming the management of food supply
chains in Bangladesh.
4.1 Findings:
Demographic Questions:
Page | 8
The demographic profile of the survey respondents provides a comprehensive understanding of

the participant composition, contributing essential context to the subsequent data analysis. Among
the 70 respondents, gender distribution reflects a slight majority of males, accounting for 58.6%,
while females constitute 41.4% of the sample. The age distribution underscores the participation
of a diverse range of individuals, with the highest proportion falling within the 26-35 age bracket
at 45.7%. Notably, the 36-45 age group comprises 37.1%, while the older categories, namely 46-
55 and 56 and above, represent 12.9% and 4.3%, respectively. In terms of occupation, the survey
captures a varied professional landscape. Consumers constitute a significant portion at 41.4%,
closely followed by Retailers/Wholesalers at 24.3%. Government/Regulatory Body participants
Page | 9
contribute 7.2%, while Academic/Researchers comprise 15.7%. An additional 11.4% represent

"Others," highlighting the diverse range of roles and expertise in the survey. This demographic
context enriches the subsequent analysis, ensuring a well-rounded interpretation of the survey
results in the context of gender, age, and occupation diversity.
Likert Scale Questions:

1.
The analysis of the Likert scale responses about the extent of research conducted in Bangladesh
on blockchain adoption in food supply chain management provides significant insights that align
closely with the objectives of this project. Notably, a substantial majority of respondents,
accounting for 58.6%, agree that considerable research has been carried out in the country
concerning blockchain integration within the food supply chain domain. This pronounced
agreement underlines the relevance and timeliness of the project, as it delves into the potential of
blockchain technology in revolutionizing food supply chain management. Moreover, 22.9% of
respondents who strongly agree corroborate the sentiment that the existing research landscape
reflects a substantial focus on this emerging technology's application. While a minority of 18.6%
express disagreement, the predominant agreement underscores the urgency and significance of
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exploring blockchain adoption's potential implications and challenges in the context of

Bangladesh's food supply chain. Overall, these responses endorse the relevance of the investigation
and underscore the need for further examination to comprehensively understand the extent and
implications of blockchain adoption in this critical domain.
2.
Regarding familiarity with the existing research on blockchain adoption in food supply chain
management in Bangladesh provides substantial insights that closely align with the project's
objectives. A remarkable majority of respondents, constituting 85.7% (51.4% agreement and
34.3% strongly agree), assert that you possess a knowledgeable perspective on the subject matter.
This robust agreement underscores the project's credibility and relevance as it explores the
potential of blockchain technology in revolutionizing food supply chain management. While a
small percentage of 1.4% disagree and 12.9% express a modest disagreement, the dominant
agreement underscores the project's foundation in well-informed insights. These responses
validate the authority with which you delve into exploring blockchain adoption in the context of
Bangladesh's food supply chain. The substantial alignment with the knowledgeable perspective on
the existing research substantiates the significance and value of the investigation, positioning it to
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contribute meaningfully to the discourse on blockchain's potential impact within this critical
domain.
3.
The potential benefits of blockchain technology in revolutionizing food supply chain management
in Bangladesh provide substantial insights closely aligned with the project's scope and objectives.
A significant majority of respondents, comprising 75.7% (61.4% agree and 14.3% strongly agree),
acknowledge blockchain's positive impact in transforming the food supply chain landscape. This
resounding agreement underscores the relevance and timeliness of the project, as it delves into the
potential of blockchain to revolutionize the way food supply chains operate in Bangladesh. While
a noteworthy 24.3% express disagreement, the prevailing agreement substantiates the importance
of the investigation and positions it as a pivotal contribution to exploring blockchain's potential
benefits in enhancing transparency, efficiency, and traceability within the food supply chain
management domain. This substantial alignment with the transformative potential of blockchain
technology in the context of Bangladesh's food supply chain lends considerable credibility to the
project's goals. It underscores its significance in advancing the understanding of this cutting-edge
technology's implications.
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4.
The potential benefits that blockchain technology can bring to revolutionize food supply chain
management in Bangladesh offer compelling insights closely linked to the core focus of the
project. A remarkable majority of respondents, constituting 74.3% (37.1% agree and 37.1%
strongly agree), recognize the array of benefits that blockchain holds for transforming the food
supply chain landscape. This robust agreement underscores the relevance and significance of the
project as it strives to delve into the potential positive impacts that blockchain can introduce within
Bangladesh's food supply chain systems. While a notable 25.7% express some form of
disagreement, the prevailing agreement substantiates the project's importance and positions it as
an essential endeavor contributing to understanding how blockchain technology can improve
traceability, transparency, safety, and efficiency in managing food supply chains. This substantial
alignment with the transformative potential of blockchain underscores the credibility and value of
the investigation and its role in advancing the discourse surrounding enhanced food supply chain
management through innovative technological solutions.
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5.
The challenges that blockchain technology may encounter in revolutionizing food supply chain
management in Bangladesh provide insightful perspectives directly relevant to the project's
objectives. A significant proportion of respondents, comprising 85.8% (52.9% agree and 32.9%
strongly agree), acknowledge the challenges that blockchain may face in the context of food supply
chain transformation. This substantial agreement underscores the pertinence and importance of the
project, which seeks to delve into the potential obstacles and complexities that blockchain adoption
might encounter in the Bangladesh food supply chain domain. While a notable 14.3% express
disagreement, the prevailing agreement substantiates the project's significance and positions it as
a crucial endeavor contributing to a comprehensive understanding of the barriers that must be
navigated to integrate blockchain technology successfully. This substantial alignment with the
recognition of challenges underscores the credibility and value of the investigation, demonstrating
its contribution to the discourse surrounding the implementation of blockchain in revolutionizing
food supply chain management and addressing the associated hurdles.
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6.
The challenges posed by blockchain technology in revolutionizing food supply chain management
in Bangladesh offer a comprehensive view that aligns closely with the objectives of the project. A
notable majority of respondents, constituting 65.7% (51.4% agree and 14.3% strongly agree),
acknowledge the challenges associated with blockchain adoption in this domain. This substantial
agreement underscores the pertinence and significance of the project, which aims to explore these
precise obstacles and complexities. While a combined 34.3% express a degree of disagreement,
the prevailing agreement substantiates the project's importance, positioning it as a vital endeavor
contributing to a thorough understanding of the hurdles that must be navigated to integrate
blockchain technology seamlessly. Recognizing challenges is a testament to the project's value in
addressing these critical issues and offering potential solutions. This alignment with the
recognition of hurdles further underscores the credibility and impact of the investigation,
showcasing its role in advancing the discourse surrounding blockchain's potential role in reshaping
food supply chain management in Bangladesh.
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7.
The opportunities blockchain technology holds for revolutionizing food supply chain management
in Bangladesh offer a compelling perspective that closely aligns with the project's core focus. A
substantial majority of respondents, totaling 71.5% (58.6% agree and 12.9% strongly agree),
acknowledge the potential opportunities that blockchain presents within the context of
transforming the food supply chain landscape. This robust agreement underscores the pertinence
and significance of the project, which seeks to delve into these promising avenues and uncover the
potential ways blockchain can enhance the efficiency and transparency of food supply chain
operations. While a combined 28.6% express some form of disagreement, the prevailing agreement
substantiates the project's importance and positions it as a valuable endeavor contributing to a
comprehensive exploration of blockchain's potential contributions to Bangladesh's food supply
chain sector. This substantial alignment with the recognition of opportunities underscores the
credibility and impact of the investigation, showcasing its role in advancing the discourse
surrounding blockchain's potential role in reshaping food supply chain management and seizing
advantageous prospects.
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8.
The potential opportunities blockchain technology presents to revolutionize food supply chain
management in Bangladesh provide valuable insight that directly resonates with the central
objectives of the project. An overwhelming majority of respondents, 84.3% (54.3% agree and 30%
strongly agree), acknowledge the array of opportunities blockchain offers to transform the food
supply chain landscape. This substantial agreement underscores the pertinence and significance of
the project, which endeavors to explore these promising avenues and delve into how blockchain
can foster enhanced collaboration, efficiency, and transparency within Bangladesh's food supply
chain systems. While a combined 15.7% express some form of disagreement, the prevailing
agreement substantiates the project's importance and positions it as an essential endeavor
contributing to a comprehensive understanding of the potential positive impacts that blockchain
technology can introduce. This substantial alignment with the recognition of opportunities
underscores the credibility and impact of the investigation, showcasing its role in advancing the
discourse surrounding blockchain's potential role in reshaping food supply chain management and
capturing advantageous possibilities.
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4.2 Data Analysis:
Reliability Statistics (SPSS)
Cronbach's Alpha Based onStandardized

Items
Cronbach'sAlpha
N of Items
.728 .713 11
Item Statistics
Mean Std. Deviation N

Gender: 1.60 .493 70
Age: 2.33 .531 70
Occupation: 1.66 1.153 70
Significant research has been carried out in 3.04 .770 70
Bangladesh on blockchainadoption in food supply
chain management
You are knowledgeable about the existing research 3.14 .728 70

on blockchain adoption in food supply chain
management in Bangladesh
Blockchain technology can bring benefits in 2.97 .659 70

revolutionizing food supply chain management in
Bangladesh
Page | 18
Item Statistics

Blockchain technology can bring the following 2.71 .854 70
benefits to revolutionize food supply chain
management in Bangladesh (Improved traceability
of food products, increased transparency in the
supply chain, enhanced food safety and quality
control, efficient tracking of product origin and
authenticity, reduction of fraud and counterfeit
products)
Blockchain technology faces challenges in 3.14 .621 70

revolutionizing food supplychain management in
Bangladesh
The following are challenges of blockchain 2.73 .883 70

technology in revolutionizing food supply chain
management in Bangladesh (Lack of technical
infrastructure, Limited awareness and
understanding of blockchain, high implementation
costs, Regulatory and legal barriers, resistance
from stakeholders)
Page | 19

Blockchain technology faces challenges in 2.73 .797 70
revolutionizing food supplychain management in
Bangladesh
Blockchain technology can offer the following 2.94 .946 70

opportunities to revolutionize food supply chain
management in Bangladesh (Enhanced
collaboration between stakeholders, streamlined
payment and transaction processes, improved
efficiency in logistics and distribution, real-time
access to supply chain data, reduction of
paperwork and administrative burden)
Case Processing Summary

N %
Cases Valid 70 100.0
a
Excluded 0 .0
Total 70 100.0
a) Listwise deletion based on all variables in the procedure.
Page | 20
Notes
Output Created 14-AUG-2023 23:37:39

Comments
Input Active Dataset DataSet3
Filter <none>
Weight <none>
Split File <none>
N of Rows in Working DataFile 70
Matrix Input
Missing Value Handling Definition of Missing User-defined missing values are
treated asmissing.
Cases Used Statistics are based on allcases with

valid data for all variables in the
procedure.
Page | 21
Syntax RELIABILITY
/VARIABLES=Gender Age Occupation
Significant research has been carried out in Bangladesh on

blockchain adoption.
You are knowledgeable about the existing research on blockchain

adoption in Bangladesh.
Blockchain technology can bring benefits in revolutionizing food

supply chain.
Blockchain technology can big the following benefits to r

revolutionize food supply chain management.
Blockchain technology faces challenges in revolutionizingthe food

supply chain.
The following are challenges of blockchain technology in r

revolutionizing.
Blockchain technology faces challenges in revolutionizing food

supply chain.
Blockchain technology can be the following opportunities to

revolutionize food supply chain.
/SCALE ('ALL VARIABLES') ALL

/MODEL=ALPHA
/STATISTICS=DESCRIPTIVE SCALE
/SUMMARY=TOTALMEANS CORR.
Resources Processor Time 00:00:00.02

Elapsed Time 00:00:00.02
Page | 22
Scale: All Variables
Summary Item Statistics
Maximum /
Mean Minimum Maximum Range Minimum Variance
Item Means 2.636 1.600 3.143 1.543 1.964 .304
Inter-Item Correlations .184 -.386 .738 1.123 -1.913 .068
Summary Item Statistics
N of Items
Item Means 11
Inter-Item Correlations 11
Item-Total Statistics
Corrected Item- Squared

Scale Mean ifItem Scale Varianceif Total Correlation Multiple
Deleted Item Deleted Correlation
Gender: 27.40 21.287 -.292 .620
Age: 26.67 17.673 .504 .706
Occupation: 27.34 16.663 .235 .654
Significant research has been carried 25.96 18.447 .176 .360
out in Bangladesh on blockchain
adoption in food supply chain
management
You are knowledgeable about the 25.86 16.820 .478 .804

existing research on blockchain
adoption in food supply chain
Page | 23
Item-Total Statistics
Cronbach's Alpha if ItemDeleted
Gender: .767
Age: .699
Occupation: .744
Significant research has been carried out in Bangladesh on blockchain .735
adoption in food supply chain management
You are knowledgeable about the existing research on blockchain adoption in .695
food supply chain management in Bangladesh
Corrected Item-Total Squared

Scale Mean ifItem Scale Varianceif Correlation Multiple
Blockchain technology can bring 26.03 17.825 .349 .379
benefits in revolutionizing food
supply chain management in
Bangladesh
Blockchain technology can bring the 26.29 16.265 .466 .575
following benefits to revolutionize
food supply chain management in
Bangladesh (Improved traceability of
food products, increased transparency
in the supply chain, enhanced food
safety and quality control, efficient
tracking of product origin and
authenticity, reduction of fraud and
counterfeit products)
Blockchain technology faces 25.86 17.805 .384 .725
challenges in revolutionizing food
Bangladesh
Page | 24
Corrected Item- Squared

Scale Mean ifItem Scale Varianceif Total Correlation Multiple
The following are challenges of 26.27 15.070 .635 .813
blockchain technology in
revolutionizing food supply chain
management in Bangladesh (Lack
of technical infrastructure, Limited
awareness and understanding of
blockchain, high implementation
costs, Regulatory and legal
barriers, resistance from
stakeholders)
Blockchain technology faces 26.27 16.143 .535 .648

challenges in revolutionizing food
Bangladesh
Blockchain technology can offer 26.06 14.663 .641 .767

the following opportunities to
revolutionize food supply chain
(Enhanced collaboration between
stakeholders, streamlined payment
and transaction processes,
improved efficiency in logistics
and distribution, real-time access
to supply chain data, reduction of
paperwork and administrative
burden)
Page | 25
Cronbach's Alpha if ItemDeleted
Blockchain technology can bring benefits in revolutionizing food supply .712

chain management in Bangladesh
Blockchain technology can bring the following benefits to revolutionize food .694
supply chain management in Bangladesh (Improved traceability of food
products, increased transparency in the supply chain, enhanced food safety
and quality control, efficient tracking of product origin and authenticity,
reduction of fraud and counterfeit products)
Blockchain technology faces challenges in revolutionizing food supply chain .709

Page | 26
The following are challenges of blockchain technology in revolutionizing .665

food supply chain management in Bangladesh (Lack of technical
infrastructure, Limited awareness and understanding of blockchain, high
implementation costs, Regulatory and legal barriers, resistance from
stakeholders)
Blockchain technology faces challenges in revolutionizing food supplychain .684

Blockchain technology canoffer the following opportunities to revolutionize .661

food supply chain management in Bangladesh (Enhanced collaboration
between stakeholders, streamlined payment and transaction processes,
improved efficiency in logistics and distribution, real-time access to supply
chain data, reduction of paperwork and administrative burden)
Scale Statistics
Mean Variance Std. Deviation N of Items
29.00 20.203 4.495 11
Page | 27
Reliability Test Interpretation:
Cronbach's Alpha is a statistic used to assess the internal consistency or reliability of a set of items
in a questionnaire or test. It measures how closely related a set of items are as a group, essentially
indicating whether the items in the group are measuring the same underlying construct. The values
of Cronbach's Alpha range from 0 to 1, with higher values indicating greater internal consistency.
In this case, we have two values of Cronbach's Alpha:
1. Cronbach's Alpha: 0.728
2. Cronbach's Alpha Based on Standardized Items: 0.713
Both values are close to each other, which is generally a positive sign. Generally, a Cronbach's
Alpha value above 0.7 is considered acceptable for research purposes, indicating a reasonable level
of internal consistency. This means that the set of 11 items we have are measuring a similar
construct in a reasonably reliable manner.
The slight difference between the two values might indicate that standardizing the items (e.g., z-
score transformation) had a minor impact on the internal consistency estimate. However, since the
values are quite close, it might not be of significant concern.
In summary, Cronbach’s Alpha values suggest that the set of 11 items we are evaluating shows a
reasonable level of internal consistency and reliability, making them suitable for measuring the
intended construct.
Page | 28
4.3 Discussions:
Integrating the food supply chain using blockchain technology has attracted much interest recently.
Blockchain has immense potential for transforming the food supply system, particularly in a nation
like Bangladesh. This discussion goes into the findings from numerous research publications and
survey responses to comprehend the benefits and drawbacks of applying blockchain in
Bangladesh's food supply chain management.
❖ Blockchain's Potential in Supply Chain Management
Blockchain, also known as the "technology of trust," has the potential to revolutionize several
industries, including supply chain management. According to Kshetri (2021), blockchain's
fundamental decentralization, transparency, and consistency make it the perfect tool for
overcoming difficulties in supply chain management. These difficulties frequently center on
questions of transparency, traceability, and integrity. The stakes are significantly higher in the
context of food supply networks.
Food supply chains are vulnerable to various dangers due to their globalized character, including
adulteration and counterfeiting. The study by Duan et al. (2020), the globalization of food supply
chains and the complex procedures involved in food production and distribution make the food
industry highly vulnerable. The promise of blockchain resides in its capacity to provide a
transparent and impenetrable system, guaranteeing that every stakeholder, from the farmer to the
final customer, has access to the same unchangeable information.
❖ Benefits of Blockchain in Food Supply Chain
Integrating blockchain into the food supply chain can solve several immediate issues. In their
article, (Srinivasan et al.,2021) explore a project that uses blockchain to track the actions of several
stakeholders, such as managers, farmers, merchants, and customers. A system like this may
guarantee the authenticity of food products, reduce instances of fraud, and potentially increase
trust among consumers.
Page | 29
Miraz et al. (2023) go one step further by combining blockchain computing with Internet of Things
(IoT) technologies. This combination can provide in-the-moment tracking, ensuring that goods are
stored in the best possible way along the supply chain and reducing wastage. Their "Supplier-
Consumer Network" demonstrates how blockchain can be used to guarantee that fruits are
delivered to sellers before they spoil, addressing a significant issue in food supply chains.
❖ Challenges in Implementing Blockchain
The way to blockchain integration is with obstacles, however. Potential obstacles are briefly listed
by Duan et al. (2020), including a lack of a greater understanding of the technology, difficulty
manipulating raw data, and difficulties gaining the support of all stakeholders. The latter is
significant because a blockchain system's viability depends on how widely it is adopted.
The survey findings also suggest a potential knowledge gap in Bangladesh about using blockchain
in managing the food supply chain. This may indicate the country's still-early acceptance of
blockchain technology or a general lack of knowledge.
❖ Opportunities for Blockchain in Bangladesh
Despite these challenges, Bangladesh is well-positioned to use blockchain due to its focus on
digital transformation. In their systematic review, Queiroz et al. (2019) highlight blockchain's
many opportunities, such as simplifying payment procedures and minimizing administrative
processes. Blockchain in Bangladesh can enable improved stakeholder collaboration, ensuring
everyone, from farmers to retailers, benefits from increased efficiency and transparency.
Furthermore, blockchain can be used outside the food industry as Bangladesh develops into a
significant worldwide center for textile production. The nation's prestige can be significantly
improved by having a transparent supply chain, guaranteeing that goods created in Bangladesh are
of outstanding quality and authenticity.
Page | 30
In the final analysis, even if integrating blockchain into Bangladesh's food supply chain
management creates difficulties, the potential advantages greatly surpass them. Bangladesh can
place itself at the forefront of blockchain innovation in supply chain management by solving the
current knowledge gap, making the necessary infrastructure investments, and encouraging
stakeholder cooperation.
5. Significance
The study on "Exploring the Potential of Blockchain in Revolutionizing Food Supply Chain
Management: Based on Bangladesh" holds profound significance in multiple dimensions:
1. Bangladeshi National Importance:
➢ Bangladesh, which has a long history of agriculture, stands to gain economically from a
more effective and open food supply system. The country may be able to expand its
agricultural exports and enhance its domestic market by reducing inefficiencies, waste, and
fraud.
➢ Blockchain integration into Bangladesh's food supply chain is entirely consistent with the
country's future goals as it moves closer to its vision of digitization. Bangladesh could serve
as a model for other regional nations using this research to guide such integration.
Page | 31
2. Benefit to Society and Consumers:
➢ The traceability and integrity of products are key benefits of blockchain technology in the
context of food safety. For consumers in Bangladesh, this indicates a reduced chance of
consuming products that may have been adulterated or counterfeited, resulting in enhanced
public health outcomes.
➢ Blockchain technology can potentially restore lost customer confidence by establishing a

comprehensive traceability system for all food products, enabling their origin to be easily
recognized. When consumers have confidence in the quality and safety of their food, it can
result in higher consumption and a boost in sales for the local community.
➢ The empowerment of farmers is facilitated by establishing a transparent system where

farmers can get fair prices for their products. This system ensures that farmers know that
their products are appropriately judged and valued, establishing confidence and fairness in
the agricultural market. This phenomenon could enhance the quality of life within the
agricultural community.
3. Contribution to Future Research:
➢ This study presents a comprehensive framework that aims to enhance understanding

regarding the potential uses of blockchain technology in managing food supply chains.
Future studies can expand upon this foundation, digging into deeper areas or conducting
more comprehensive investigations into the complex nature of barriers and solutions.
➢ This study primarily examines the integration across several industries, specifically
emphasizing the food supply chain. However, it is essential to note that this study's
Page | 32
underlying ideas and conclusions possess the potential for generalization and application
to various other sectors. Scholars investigating the use of blockchain technology in various
supply chains, such as the textile or manufacturing industry in Bangladesh, may obtain
insights and gain knowledge from the methodology and conclusions presented in this study.
➢ The study primarily focuses on Bangladesh; nevertheless, the problems and opportunities
associated with integrating blockchain technology into supply chains have worldwide
significance. This study holds significant value as it provides a reference point for
researchers from different countries to adapt the findings and recommendations to their
local circumstances.
This research has the potential to revolutionize the food supply chain in Bangladesh. It can also
serve as a guiding example for other industries and countries interested in utilizing blockchain
technology to achieve a future characterized by transparency, efficiency, and impartiality.
6. Future Research
Like any groundbreaking study, the study into the possibility of blockchain technology in
transforming the management of Bangladesh's food supply chain has various opportunities for
additional academic study. Although this study has offered fundamental insights, the constant
evolution of technology and the expanding complexities of the food supply chain require further
investigation.
Page | 33
1. Identification of Limitations in the Current Study:
Although the present study provides a thorough analysis of the potential implications of blockchain
technology in the food supply chain, it primarily concentrates on the perspectives of a limited
number of participants. The perspectives of specific individuals engaged at the ground level, such
as small-scale farmers, local traders, or consumers, may need to be more effectively included or
accounted for in the discourse. Furthermore, the study's focus on the wider food supply chain may
have overlooked specific differences related to particular food categories or geographical
distinctive features within the supply chain.
2. Suggestions for Further Study Approaches:
Future studies could focus on particular food categories like perishables, grains, or processed
goods to further understand the particular problems and blockchain solutions for each. Research
efforts that involve in-depth, on-the-ground research may offer deeper insights into the practical
problems facing blockchain implementation. The blockchain solutions' viability in this study might
also be tested via experimental approaches, such as case studies or pilot projects.
3. Potential Study Subjects Based on Recent Advances:
Considering the rapid pace at which technology is developing, the context of the food supply chain
may be entirely changed by combining blockchain with other cutting-edge technologies like
Augmented Reality (AR) or Artificial Intelligence (AI). Future studies may find success in
examining such combinations. Furthermore, studies might explore how blockchain can promote
ethical and sustainable food production and distribution processes in Bangladesh as sustainability
becomes a global priority.
The study is far from complete, even if this research has set the way for understanding blockchain's
adverse potential in Bangladesh's food supply chain. Future studies will have many options due to
the constantly changing technical and supply chain areas.
Page | 34
7. Recommendations
Blockchain technology has enormous potential to transform Bangladesh's food supply system
completely. However, specific approaches designed for the country's particular circumstances are
necessary to realize its potential fully. The following guidelines will help blockchain technology
be successfully used in Bangladesh's food supply chain:
➢ Localized Blockchain Training: Specialized training programs should be created to deal

with Bangladesh's particular problems and prospects. These should concentrate on the
requirements of the food supply chain in Bangladesh, highlighting the advantages
blockchain might offer to regional producers, wholesalers, and retailers.
➢ Educational Initiatives: There is a great need for educational initiatives given the dearth
of in-depth understanding of blockchain technology, as noted in the papers. Training
programs, seminars, and workshops should be conducted to inform participants in the food
supply chain about the advantages and operation of blockchain technology.
➢ Public-Private Partnerships: By working together, the government and private tech
companies may create blockchain solutions specifically for the Bangladeshi market,
assuring market relevance and advancing technology.
➢ Governmental Structure: The government should establish precise rules and regulations
for blockchain application in the food supply chain. This would ensure alignment with
international standards and practices and provide legal stability.
➢ Internet of Things (IoT) integration: Some writers noted that using blockchain and IoT
can increase productivity. IoT devices should be integrated with blockchain systems to
gather and analyze real-time data.
➢ Financial Incentives for Early Adopters: The government should offer financial
incentives, such as tax rebates or subsidies, to early blockchain adopters in the food supply
chain to encourage initial adoption.
➢ Consumer Awareness: In the food supply chain, consumers are essential. Consumer
education efforts should focus on the advantages of blockchain technology, such as
enhanced product legitimacy and traceability. This will boost customer demand for
products with blockchain traces and encourage companies to use the technology.
Page | 35
➢ Continuous Research: The blockchain industry is developing quickly. It is essential to

support continuing studies to stay current on new advancements and come up with creative
solutions to the problems of implementing a blockchain.
➢ Feedback and iteration: To better meet the changing needs of the Bangladeshi food
supply chain, blockchain solutions can be improved and adjusted with the support of a
comprehensive feedback system from all stakeholders.
Bangladesh can open the door for a transparent, effective, and safe food supply chain by
concentrating on these specific recommendations and utilizing the game-changing potential of
blockchain technology.
8. Conclusions
The exploration into the potential of blockchain in revolutionizing food supply chain management,
particularly in the context of Bangladesh, has been a journey of discovery, challenges, and
opportunities. Initially, the main aim was to thoroughly examine the complexities surrounding
using blockchain technology as a means of change within the food supply chain. The study aimed
to address the various obstacles and capitalize on the possibilities specific to the context of
Bangladesh. The study used a mixed-method research methodology, integrating qualitative and
quantitative methodologies, to comprehensively understand the topic's subject. The research
included primary and secondary data sources to ensure a comprehensive analysis.
The primary outcomes of our study highlight the significant potential of blockchain technology. A
significant proportion of participants recognized the important role of blockchain technology in
enhancing transparency, traceability, and efficiency within the food supply chain. The
comprehensive literature analysis supported this claim, examining worldwide trends and successes
and providing a contextual framework for understanding the Bangladeshi situation. Including
Page | 36
survey respondents from different groups enhanced the study, facilitating a comprehensive
interpretation of the findings across various age groups, genders, and occupational experiences.
The significance of blockchain technology in enhancing the food supply chain of Bangladesh is
further demonstrated by the fact that, despite certain challenges, the advantages it offers are
considerably more substantial. Blockchain technology offers promising solutions for the
agricultural sector, addressing challenges such as food safety, consumer trust, farmer
empowerment, and operational efficiency. Blockchain technology, particularly with other
technologies such as the Internet of Things (IoT), can significantly transform the operational
dynamics of food supply chains inside Bangladesh.
In Bangladesh's ongoing efforts to achieve digital transformation, incorporating blockchain

technology into its food supply chain is not merely an advantageous prospect but an imperative
one. The country is currently on the edge of a significant technological revolution. Following the
guidelines provided has the potential to become a pioneering example of how blockchain
technology may revolutionize an entire industry. The potential of blockchain technology in the
food supply chain of Bangladesh has considerable promise. Through ongoing study, collaboration,
and innovation, it can establish a benchmark for global imitation.
Page | 37
9. References
1. Duan, J., Zhang, C., Gong, Y., Brown, S., & Li, Z. (2020). A Content-Analysis Based
Literature Review in Blockchain Adoption within Food Supply Chain. International
Journal of Environmental Research and Public Health, 17(5), 1784.
https://doi.org/10.3390/ijerph17051784
2. Miraz, M. H., Gazi, M. a. I., & Hasan, M. T. (2023). Fruits supply chain management using
Blockchain: A theoretic operation. ResearchGate.
https://www.researchgate.net/publication/370952319_Fruits_supply_chain_management_
using_Blockchain_A_theoretic_operation
3. Srinivasan, D. S., Karpagam, G. R., Soundarya, R., & Thamizhi, S. I. (2021). Blockchain-
Based Food Supply Chain Management. In IGI Global eBooks (pp. 134–171).
https://doi.org/10.4018/978-1-7998-7589-5.ch007
4. Queiroz, M. M., Telles, R., & Bonilla, S. (2019). Blockchain and supply chain management
integration: a systematic review of the literature. Supply Chain Management, 25(2), 241–
254. https://doi.org/10.1108/scm-03-2018-0143
5. Mudrex, T. (2023). Blockchain in Supply Chain: Use Cases and Benefits. Mudrex Blog.
https://mudrex.com/blog/blockchain-uses-in-supply-chain/
6. Imarticus. (2022, February 10). How blockchain is adding transparency and efficiency to
supply chain management. Finance, Tech & Analytics Career Resources | Imarticus Blog.
https://blog.imarticus.org/how-blockchain-is-adding-transparency-and-efficiency-to-
supply-chain-management/
7. Cheadle, J. E., & Amato, P. R. (2010). A Quantitative Assessment of Lareau’s Qualitative

Conclusions About Class, Race, and Parenting. Journal of Family Issues, 32(5), 679–706.
https://doi.org/10.1177/0192513x10386305
Page | 38
8. Find Authority. (2020, December 16). How can the blockchain support the oil and gas
industry? - Find Authority. http://www.findauthority.com/question/how-can-the-
blockchain-support-the-oil-and-gas-industry/
9. Lrire, & Lrire. (2022). Blockchain Initiatives for Tax Administration. UCLA Law Review.
https://www.uclalawreview.org/blockchain-initiatives-for-tax-administration/
10. Is internal consistency reliable? – studiodessuantbone.com. (n.d.).

https://www.studiodessuantbone.com/paper-writing-help-blog/is-internal-consistency-
reliable/
11. TechRepublic. (2022, February 12). Will digital mesh drive enterprise technology? |
TechRepublic. https://www.techrepublic.com/resource-library/research/will-digital-mesh-
drive-enterprise-technology/
12. Axfoundation. (2021, August 23). Blockchain in the food industry - AxFoundation.
https://www.axfoundation.se/en/projects/blockchain-in-the-food-chain
13. Nir, Kshetri. (2021, March 3). Blockchain and Supply Chain Management.
https://typeset.io/papers/blockchain-and-supply-chain-management-4q46evvf4c
14. Sharma, D. (2023). Review Based Analysis with Applications of Blockchain in Food
Supply Chain management.
https://www.semanticscholar.org/paper/Review-Based-Analysis-with-Applications-of-in-
Food-Sharma-Singh/37275196d8aec51bd55b8fb5195822c00cd54df1
15. Sekuloska, J. D. (2022). Blockchain Technology toward Creating a Smart Local Food
Supply Chain.
https://www.semanticscholar.org/paper/Blockchain-Technology-toward-Creating-a-
Smart-Local-Sekuloska-Erceg/6809f91282ed7ae46e11466c52aeda63d2c95ef6
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16. Wünsche, J. (2022). The potential of blockchain technology in transition towards

sustainable food systems.
https://www.semanticscholar.org/paper/The-Potential-of-Blockchain-Technology-in-
Towards-W%C3%BCnsche-Fernqvist/cef158a711a47f418120f914307ff41f902fbf73
17. Mohammed, A., Potdar, V., & Quaddus, M. (2023). Exploring Factors and Impact of
Blockchain Technology in the Food Supply Chains: An Exploratory Study. Foods, 12(10),
2052. https://doi.org/10.3390/foods12102052
18. Gálvez, J. F., Mejuto, J. C., & Simal-Gandara, J. (2018). Future challenges on the use of
blockchain for food traceability analysis. Trends in Analytical Chemistry, 107, 222–232.
https://doi.org/10.1016/j.trac.2018.08.011
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technology in agriculture and food supply chains. Trends in Food Science and Technology,
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20. Behnke, K., & Janssen, M. (2020). Boundary conditions for traceability in food supply
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101969. https://doi.org/10.1016/j.ijinfomgt.2019.05.025
Page | 40
10. Appendices
Survey Questionnaire:
1. Gender:
• Male
• Female
2. Age:
• 18-25
• 26-35
• 36-45
• 46-55
• 56 and above
3. Occupation:
• Consumer
• Retailer/Wholesaler
• Government/Regulatory Body
• Academic/Researcher
4. Significant research has been carried out in Bangladesh on blockchain adoption in food
supply chain management:
1 - Strongly Disagree
2 - Disagree
3 - Agree
4 - Strongly Agree
Page | 41
5. You are knowledgeable about the existing research on blockchain adoption in food
supply chain management in Bangladesh:
2 - Disagree
3 - Agree
4 - Strongly Agree
6. Blockchain technology can bring benefits in revolutionizing food supply chain

management in Bangladesh:
2 - Disagree
3 - Agree
4 - Strongly Agree
7. Blockchain technology can bring the following benefits to revolutionize food supply chain
management in Bangladesh (Improved traceability of food products, increased
transparency in the supply chain, enhanced food safety and quality control, efficient
tracking of product origin and authenticity, reduction of fraud and counterfeit products):
2 - Disagree
3 - Agree
4 - Strongly Agree
8. Blockchain technology faces challenges in revolutionizing food supply chain

2 - Disagree
3 - Agree
Page | 42
4 - Strongly Agree
9. The following are challenges of blockchain technology in revolutionizing food supply

chain management in Bangladesh (Lack of technical infrastructure, limited awareness and
understanding of blockchain, high implementation costs, regulatory and legal barriers,
resistance from stakeholders):
2 - Disagree
3 - Agree
4 - Strongly Agree
10. Blockchain technology faces opportunities in revolutionizing food supply chain

2 - Disagree
3 - Agree
4 - Strongly Agree
11. Blockchain technology can offer the following opportunities to revolutionize food supply
chain management in Bangladesh (Enhanced collaboration between stakeholders,
streamlined payment and transaction processes, improved efficiency in logistics and
distribution, real-time access to supply chain data, reduction of paperwork and
administrative burden):
2 - Disagree
3 - Agree
4 - Strongly Agree
Page | 43

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Project Report on

“Exploring the Potential of Blockchain in Revolutionizing Food

Date of Submission: 3rd September 2023

I hereby declare that,

Student’s Full Name & Signature:

Md. Salauddin Shakil

Supervisor’s Full Name & Signature:

Abu Sadat Muhammad Ashif

Abu Sadat Muhammad Ashif,

Department of Business Administration

East West University

Jahurul Islam City, Aftabnagar

Subject: Submission of a Project Report on " Exploring the Potential of Blockchain in

Md. Salauddin Shakil

Major in Management Information System (MIS)

Department of Business Administration

East West University

Sl. No. Topics Page No.

1.1 Background and Context of the Study 1

1.2 Statement of the Problem 2

1.3 Objective of the Study 2

1.4 Scope of the study 3

1.5 Limitations of the study 4

4. Findings & Discussions 8

4.2 Data Analysis 18

1.1 Background and Context of the Study

1.2 Statement of the Problem

1.3 Objective of the Study

1.4 Scope of the study

➢ Conduct a comprehensive literature review on the Bangladeshi food supply chain,

1.5 Limitations of the study

It is crucial to acknowledge these limitations for a comprehensive understanding of the current

Blockchain technology can enhance food traceability by creating an immutable and

The studies collectively focus on blockchain technology's immense potential in revolutionizing

4. Findings & Discussions

A comprehensive description of the demographic aspects of the participants, followed by a

The demographic profile of the survey respondents provides a comprehensive understanding of

contribute 7.2%, while Academic/Researchers comprise 15.7%. An additional 11.4% represent

Likert Scale Questions:

exploring blockchain adoption's potential implications and challenges in the context of

4.2 Data Analysis:

Reliability Statistics (SPSS)

Cronbach's Alpha Based onStandardized

Mean Std. Deviation N

You are knowledgeable about the existing research 3.14 .728 70

Blockchain technology can bring benefits in 2.97 .659 70

Mean Std. Deviation N

Blockchain technology faces challenges in 3.14 .621 70

The following are challenges of blockchain 2.73 .883 70

Mean Std. Deviation N

Blockchain technology can offer the following 2.94 .946 70

Case Processing Summary

a) Listwise deletion based on all variables in the procedure.

Output Created 14-AUG-2023 23:37:39

Cases Used Statistics are based on allcases with

Significant research has been carried out in Bangladesh on

You are knowledgeable about the existing research on blockchain

Blockchain technology can bring benefits in revolutionizing food

Blockchain technology can big the following benefits to r

Blockchain technology faces challenges in revolutionizingthe food

The following are challenges of blockchain technology in r

Blockchain technology faces challenges in revolutionizing food

Blockchain technology can be the following opportunities to

/SCALE ('ALL VARIABLES') ALL