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Implementation of a blockchain workflow management prototype

: Fridgen, Gilbert; Sablowsky, Bernd; Urbach, Nils

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ERCIM News (2017), Nr.110, S.19-21
ISSN: 0926-4981
Zeitschriftenaufsatz, Elektronische Publikation
Fraunhofer FIT ()
Blockchain; workflow management

Blockchain technology offers huge potential to various industries and application areas. In a joint applied research project, Fraunhofer Institute for Applied Information Technology (FIT) together with Norddeutsche Landesbank (NORD/LB) identified (inter-company) workflow management as a promising application area and developed a Blockchain prototype for a documentary letter of credit in the international shipping business. In addition to the projects explicit outcome a Blockchain prototype and strategic support for Blockchain innovation management the joint project revealed important insights into the technologys applicability in the field.