Blockchain and the Next Generation ERP Systems

This week’s episode of my vlog discusses how Blockchain functionality may help us envision what the next generation of ERP systems may look like. Blockchain can be applied to any type of transaction data that is shared by multiple parties. Many transactions today in ERP systems do not involve exchange of currency; they are steps preparing to exchange currency, like purchase orders, shipping bills of lading, receipts of good, etc. The next generation ERP systems may allow us to share this data much more widely, thus eliminating the reconciliation that occurs when the values stored in multiple places must be reconciled if they differ in any respect. This is episode 82 of Conversations with Kip, the best financial system vlog there is. Watch it here.

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