Blockchain can influence our daily life, it becomes important that it is able to connect to various business application systems like enterprise resource planning (ERP), customer relationship management (CRM), warehouse management system (WMS), manufacturing execution systems (MES), etc. Only then can it change the thought client to attain business success through blockchain.
As these systems build, track, purchase, and ship products, integrating with blockchain will provide a copy of this information into the network which is immutable and indelible and can be tracked and used for reference any time, for any purpose.
As the ERP systems generate financial transactions, integrating with blockchain will help make these financial transactions transparent and reliable. Integration with ERP, WMS and MES systems will reduce disputes over invoices, shipments, returns,
The profit in the desegregation of ERP with blockchain is twofold. Firstly, it will bring in transparency, and secondly, it can reduce the cost of tracking and reporting which is significant, considering multi-echelon and multi-staged supply chains.
The enterprise-ready blockchain capabilities ought to address the business processes thus on facilitate them get into the blockchain network. Research and efforts have already begun to connect the ERP with the blockchain network.
There are three main potential growth areas in the supply chain domain. First is the advent of middleware technologies
There are already some companies that have developed
Another use case in the supply chain is that the procurement information like purchase order (PO) and purchase agreements, which are held in the ERP system, can be registered in digital formats in a blockchain. These digital assets can be available only to members with the private
Blockchain with enterprise resource planning (ERP) and blockchain as a service (BaaS) are areas