From the course: How Blockchains Will Change Business
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Blockchains in operations and procurement
From the course: How Blockchains Will Change Business
Blockchains in operations and procurement
- Enterprise resource planning software or ERP helped us integrate cross-departmental processes. Blockchains will help us integrate and streamline cross-organizational processes. They're poised to transform the way that we move value from one organization to another and could alter the flow of assets around the globe. If you're an operations and procurement, you get a front row seat to changes that come out of this because you oversee how assets move. Let's look at some of blockchain's features that are most interesting to operations and procurement. First, blockchains could help reduce and even eliminate manual processes. Today, physical documents are couriered around the world for wet signatures and a surprising number of organizations are still using checks. Global compliance could be highly manual. These processes are inefficient, error prone, and subject to fraud. Blockchains can cut the time for trade documentation…
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