Blockchain-based traceability of inter-organisational business processes
Blockchain technology opens up new opportunities for Business Process Management. This is mainly due to its unprecedented capability to let transactions be automatically executed and recorded by Smart Contracts in multi-peer environments, in a decentralised fashion and without central authoritative players to govern the workflow. In this way, blockchains also provide traceability. Traceability of information plays a pivotal role particularly in those supply chains where multiple parties are involved and rigorous criteria must be fulfilled to lead to a successful outcome.