Research on analysis and design of cloud ERP based on blockchain technology

Abstract

Cloud ERP systems are the ultimate aspiration of the business community as they provide collaboration with partners, external applications and information systems. However, Cloud ERP solutions still have issue on the data security, data transparency, and trust. Due to these problems, a radical change is required within Cloud ERP framework to enhance Cloud ERP infrastructural and functionality. The goal of this research is to merge cloud ERP and Blockchain benefits together to improve the Data Security, Transaction Traceability, Transparency, Data Ownership, Encryption and Trust through a proposed framework. For this purpose, we firstly analyze the prominent issues in current ERP systems through a comprehensive comparison between cloud ERP before and after moving to blockchain environment. Secondly, we propose a generic framework for Cloud ERP systems based on Blockchain. The proposed framework follows the Distributed Ledger Techniques in blockchain. Finally, the feasibility and efficiency of the proposed framework is tested through the study of the Supply Chain Management Module.