Blockchain for Automation: Assessing and Seizing the Opportunity

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Blockchain for Automation: Assessing and Seizing the Opportunity

Article
Posted March 11, 2019 in Business Technology & Digital Transformation Strategies, Data Analytics & Digital Technologies Cutter Business Technology Journal


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Thomas Costello and Phil Laplante focus on the use of blockchain technology in automation appli­­­cations. Following a brief outline of the benefits of using blockchain technology, they discuss blockchain’s potential to provide transformational improvements in business process automation (BPA) in several industry sectors. They also highlight how blockchain could improve trust in, and the dependability of, BPA and examine the challenges in practical implementation of blockchain technology. Furthermore, they present a set of customizable questions to help implementers decide whether a business process is suitable for, and can benefit from, a blockchain implementation.