Will Blockchain replace your ERP Software?

Oracle, Bumble Bee, the Impossible Burger, and Mars' Seeds of Change Accelerator. DRINKS does ERP.


Will Blockchain replace your ERP software?

On a frequent basis, I see more and more “experts” tout the virtues of Blockchain technology. Blockchain is currently used to support a variety of transactions including banking, contracts, and supply-chain, with some even suggesting that it will eventually be used ensure the integrity of our voting process!

But will Blockchain be the next evolution of Enterprise Resource Planning (ERP)? Of course! We will be able to share data securely and have a single system of record that is transparent, able to be authenticated, and auditable. For example, food companies will be able to have a common set of records with their suppliers which will be trusted and reliable.

Just as the on-premise legacy culture is adapting and accepting Cloud ERP, innovation in building Blockchain business processes will be the next step in our ERP evolution. The future solutions will be exciting, confusing, and initially complex to integrate.

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Recent Stories of Note

Oracle Accelerates Adoption of Enterprise Blockchain Worldwide

While blockchain can greatly streamline many existing processes surrounding supply chain, identity, cross-border payments, and fraud detection, businesses have struggled to implement blockchain networks within their existing ecosystems. One company, Circulor, uses blockchain to track conflict minerals from their origin at the mines to processing and use in electronic components to ensure ethical sourcing of raw materials.

Read more . Yahoo Finance

Bumble Bee Foods tracks fresh tuna using blockchain technology

Seafood company Bumble Bee Foods has started using blockchain technology to track the journey of yellowfin tuna, from Indonesian waters to store shelves.

Using technology from software firm SAP, consumers can access the origin and history of Natural Blue yellowfin tuna – which is produced by Bumble Bee Foods’ subsidiary Anova – by using smartphones to scan a QR code on the product package.

Read more . FoodBev Media

Triton woos plant-based meat makers with Non GMO source of heme, the secret sauce in the Impossible Burger