Topic: Unibright Diaries — Blockchains for Business Process Management (Read 102 times)

Business process management (BPM) is concerned with the design, execution, monitoring, and improvement of business processes. Systems that support the validation and execution of processes have been used by companies to streamline and automate intra-organisational processes. Blockchain technology has the potential to change the environment in which inter-organisational processes are able to operate. Blockchains offer a way to execute processes in a trustworthy matter even in a network where there is no mutual trust between different nodes.

Currently, there are several blockchains which have been adopted in various domains in order to facilitate the operation of new business processes. For example, application scenarios in the financial sector, logistics and supply chain processes, music distribution, and authenticity of items.

A proposed use of blockchains in inter-organisational processes can be described as: large parts of the control flow and business logic of inter-organisational business processes can be compiled from process models into smart contracts which ensure the join process is correctly executed. Typical barriers that complicate the deployment of inter-organisational processes can be removed, if execution of such processes is done by using smart contracts on blockchains.

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