Using blockchain technology for business processes in purchasing − Concept and case study-based evidence

Abstract

How can blockchain efficiently and effectively support purchasing processes? This paper addresses this question on the basis of a case study and an analysis of expert interviews. Furthermore, a qualitative content analysis highlights the challenges, barriers and perceived benefits associated with the blockchain technology. The paper concludes that blockchain technology, with its ability to connect to existing ERP systems, has the potential to make processes in a company’s purchasing environment more efficiently and transparent by the use of smart contracts on the blockchain.