Whitepaper »Blockchain and Smart Contracts« published
Blockchain technology and Smart Contracts based on it offer considerable potential for optimizing business processes. The Purchasing & Finance department in Supply Chain Management researches and analyzes, among other things, current and future applications of these technologies. As part of the series »Future Challenges in Logistics and Supply Chain Management« of the Fraunhofer IML, the white paper »Blockchain and Smart Contracts: Efficient and Secure Value Networks«.
In order to make the various optimization possibilities tangible, the basics that are important for understanding this complex and still quite new technology are explained. Furthermore, different fields of application of blockchain and smart contracts, also outside the financial sector, are considered. The potential of a blockchain application for the optimization of internal and external company processes is demonstrated, especially against the background of increasingly interlocked value creation networks.