BPM & Blockchain

Business Process Modelling is a digital automation framework that helps organizations improve overall efficiency and the ability to execute consistently by decoupling the business process logic from the code or service layer.  This streamlines business processes within an organization where participants normally trust each other. Innovations in areas such as case management, event processing, business rules, and integration mechanisms help organizations address strategic goals by implementing new and continuously improving existing business processes. Business processes rely on data from information systems outside their control, even data from other enterprises. This data must move between organizations, or even between enterprises, which is not only complex and expensive but often results in stale and inconsistent data. Lack of transparency and trust is the consequence.

Blockchain

Blockchain helps solve trust and transparency issues in business networks that span organizations for the following reasons:

• Participants in the network use a shared ledger to perform transactions on assets.
• Transactions are validated by participants through a consensus protocol.
• Smart contracts control transactions between participants, which therefore do not need to trust each other. Smart contracts ensure that contractual conditions are met, and obligations are enforced
• Permissive blockchains ensure that all information and transactions on the blockchain are available only to network members with the right permission.

  BPM and Blockchain

  In a combined BPM-Blockchain solution, the shared ledger provides the interface for business processes — a process queries asset information and performs transactions directly on the ledger.  Stale or inconsistent data is no longer an issue.  In addition, business events on the blockchain initiate or trigger business processes, ensuring that the right organizations are involved and react to events in a timely manner. The integration of both business process management and blockchain helps you to reach the next level of real time integration and automation of business processes that can help significantly improve your business processes.