Blockchain technology and its potential in ERP processes

Loading...
Thumbnail Image
Journal Title
Journal ISSN
Volume Title
School of Business | Bachelor's thesis
Date
2023
Major/Subject
Mcode
Degree programme
Tieto- ja palvelujohtaminen
Language
en
Pages
27 + 5
Series
Abstract
In the last ten years, blockchain technology has transformed from just a digital currency system to supporting complex smart contracts and arbitrary use cases in business. Public blockchains have paved the way for decentralized, tamper-resistant, and transparent systems, offering a solution for the single point of failure found in centralized enterprise systems today. With a literature review conducted on blockchain, enterprise resource planning systems, and their collective usage, this thesis aims to familiarize the reader with the technology and explores the most potential use cases of blockchain in regular enterprise resource planning functions. This thesis identified supply chain management and accounting processes as the most viable applications of blockchain technology within the context of ERP systems. Furthermore, permissioned blockchains have demonstrated better suitability for enterprise use due to their relative efficiency and closed environment compared to public blockchains. The reviewed literature also emphasized the significance of smart contract functionalities creating possibilities of automation and enhanced process efficiency, as well as presented decentralized access controls as a way to prevent unauthorized access to the ERP data.
Description
Thesis advisor
Tuunainen, Virpi
Keywords
blockchain, enterprise resource planning, erp, lohkoketju
Other note
Citation