Exploring Blockchain Technology and Enterprise Resource Planning System: Business and Technical Aspects, Current Problems, and Future Perspectives

Abstract

An Enterprise Resource-Planning (ERP) system is a complex, highly integrated software package for business organizations. However, an ERP system still has its limits, since the ERP business model is centered around individual enterprises. Today there is a great need for closer interactions between enterprises worldwide, a necessity that ERP systems face great difficulties with, when expanding to a full-on ecosystem. By integrating Blockchain Technology (BT) with ERP, we are entering a new epoch of decentralization, allowing organizations to function frictionless in a unified ecosystem. This study highlights the importance of integrating BT and ERP systems as well as explores the major prospective pillars for utilizing BT and ERP. This paper contributes to the academic literature, since there is little research evidence concerning the technical and business aspects of BT and ERP, so it fills the gap by exploring the main potential areas for deploying BT and ERP systems.