Can blockchain technology replace the ERP system?
The ERP system, also known as the initials Enterprise Resource Planning, is one of the most useful and convenient programs. This is because different business processes can be carried out. However, many experts in this area have asked themselves whether such a system could be replaced by blockchain technology.
What is the ERP system and what is it for?
Enterprise Resource Planning (ERP), is a program for performing various tasks. Thanks to their design, ERPs adapt perfectly to many business processes. Especially in the area of logistics, human resources, billing, customer management and others.
Certainly these types of programs are very useful as they are usually adaptable. They also have other advantages, such as simple data organization, the security of the information they contain, among other things.
Nevertheless, ERPs have some weaknesses, and for this reason, many technology experts and amateurs have decided to analyze the possibility of replacing this type of program with others that incorporate blockchain technology.
Can blockchain technology replace it?
Blockchain technology or blockchain has shown countless times that this is possible to adjust perfect for different programs and systems.
In addition, due to its properties, this technology is one of the best alternatives to ERP systems. In this sense, the advantages that blockchain can bring to ERPs include:
- Upload data and allow third-party access in real time.
- Ensure better security and data protection, including from hacks and malware.
- Maintain public information so that everyone can access it.
- Ensure the visualization of the data at all times.
- Decentralize processes to reduce third-party interaction in the program.
Of course, all of these properties are of great importance and benefit for corporate data storage. For this reason, many people think that blockchain technology can replace ERP systems.
The truth is, however, that a blockchain that specializes in ERP processes has not yet been developed that can completely replace it.
Can the ERP system and blockchain technology coexist?
Despite the fact that blockchain technology can completely replace ERPs, companies actually choose to create programs that maintain both concepts.
In other words, ERPs are currently being developed that work with blockchain technology. All this to get systems that offer the benefits and qualities of both types of technologies.
Therefore, both technologies can coexist perfectly and complement each other, so that a better system is obtained. It should also be noted that the creation of this type of program will greatly benefit a wide range of sectors, including food, finance, pharmacy and many others.