Abstract
In our world today, organizations are adopting various means and pathways to collaborate strategically with other organizations toward boosting their productivity, expanding their business growth, and attaining new frontiers in innovation. One critical challenge has inhibited this process in service collaboration among various chains of businesses, which is the lack of trust among organizations. A forthcoming approach to mitigate these issues is by leveraging the applications of blockchain technology made possible by embedding business execution workflow with smart contracts. This approach can drastically improve transparency, accountability, and trust decentralization among corporations. Blockchain technology is able to provide an immutable and auditable distributed architecture capable of supporting a distributed workflow management system, which is the scope of this chapter. Overall, it enables the fast automation of business processes and workflows using smart contract to enforce project agreements across the network. This would bolster collaboration between trustless entities without a dependency of third-party involvement. In general, the existing blockchain-based workflow management systems focus on workflow coordination. This chapter thus proposes to illustrate an information workflow mechanism for inter-organizational collaboration enforced via smart contract and deployed on the blockchain network as well as a mini-implementation of this process on a Solidity IDE programming platform and associated results.
Original language | English |
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Title of host publication | Principles and Practice of Blockchains |
Publisher | Springer International Publishing |
Pages | 63-90 |
Number of pages | 28 |
ISBN (Electronic) | 9783031105074 |
ISBN (Print) | 9783031105067 |
DOIs | |
State | Published - Nov 21 2022 |
Scopus Subject Areas
- General Engineering
- General Computer Science
Keywords
- Blockchain
- Ethereum
- Project automation
- Smart contract
- Trustless operations
- Workflow management