Blockchains for Business Process Management - Challenges and Opportunities
This addresses the problem of centralization and trust in business processes for organizations, but it is incremental as it reviews existing frameworks without new empirical results.
The paper analyzes the impact of blockchain technology on business process management, identifying challenges and opportunities for executing inter-organizational processes without a central party, and provides research directions for its application.
Blockchain technology promises a sizable potential for executing inter-organizational business processes without requiring a central party serving as a single point of trust (and failure). This paper analyzes its impact on business process management (BPM). We structure the discussion using two BPM frameworks, namely the six BPM core capabilities and the BPM lifecycle. This paper provides research directions for investigating the application of blockchain technology to BPM.