International Journal of Advanced Engineering Application

Blockchain-Enabled ERP: A Revolutionary Approach to Secure, Transparent, and Efficient Management of Enterprises

Author(s):Swathi Reddy G1, Vamsi Krishna T2, Geetha K3, Gopi. S.K4

Affiliation: Department of Computer Science and Engineering, Chadalawada Ramanamma Engineering College, Tirupathi, India

Page No: 14-18

Volume issue & Publishing Year: Volume 1 Issue 2,June-2024

Journal: International Journal of Advanced Engineering Application (IJAEA)

ISSN NO: 3048-6807

DOI:

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Abstract:
The integration of blockchain technology into ERP systems promises to address longstanding issues of security, transparency, and process integrity. Traditional ERP systems, which are centralized and often plagued by data silos, face challenges related to trust, traceability, and cross-organizational collaboration. Blockchain technology offers a decentralized solution, utilizing consensus mechanisms, cryptography, and innovative algorithms to enhance data integrity and transparency. By leveraging distributed ledgers and techniques such as hashing, public-key encryption, and zero-knowledge proofs, blockchain can transform ERP systems, making them more secure and transparent. This paper explores the potential impacts of blockchain on ERP systems and identifies key areas for future research.

Keywords: Data integrity, Transparency, Smart contract, Data security, Asset tracking.

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