Role of Blockchain Technology in ERP Systems for a Transparent Supply Chain: A Systematic Review of Literature

This study examines blockchain technology's role in ERP systems for a transparent supply chain. Furthermore, this study investigates the application of blockchain-driven ERP systems, benefits, and challenges facing the supply chain to achieve transparency and authenticity. Over the past few decades, ERP systems have evolved with the integration of new modules with improved capabilities that include new technological improvements like blockchain and cloud-based ERP systems. Such improvements have resulted in ERP systems for firms with expanded business functions, resulting in more streamlined, efficient supply chains and transparent business processes than ever before. Due to significant advancements in the last few years, blockchain applications for operations and supply chain management (OSCM) are still in their infancy. Little is known about the function of blockchain in operational traceability in supply chain functions and other domains. Thus, the study aims to enhance the knowledge of blockchain-driven ERP applications in operation and supply chain management and how companies create and capture business value with blockchain technology. This study gives a well-articulated and in-depth discussion of the role of blockchain-driven ERP in creating value in the supply chain area. An in-depth review of the literature was done to acquire the existing knowledge. The findings of the study, combining current ERP with blockchain technology, would improve optimization, strengthen transaction security, regulate transparency, and build trust in a trustless environment.