Management Systems in Production Engineering (Dec 2024)
Blockchain in Enterprise Resource Planning Systems: A Comprehensive Review of Emerging Trends, Challenges, and Future Perspectives
Abstract
This research paper conducts a systematic review of the integration of blockchain technology with Enterprise Resource Planning (ERP) systems, a burgeoning field at the intersection of advanced technology and business management. The primary objective is to bridge the knowledge gap by synthesizing existing literature, providing insights into the current state, challenges, and potential of blockchain in enhancing ERP systems. The study follows a structured methodology involving four key stages: Literature Retrieval, Literature Screening, Biblio-metric Analysis, and Content Analysis. A comprehensive literature search in the Scopus database resulted in the identification and analysis of 250 scholarly articles, narrowed down to 66 relevant publications. The findings highlight a significant trend towards decentralized ERP solutions, driven by blockchain’s promise of enhanced security, transparency, and efficiency. Key areas impacted by blockchain integration include supply chain management, accounting, security, traceability, purchasing, and process automation within ERP systems. The bibliometric analysis reveals a growing academic interest in this domain, with a focus on scalability, data security, and interoperability. However, the integration faces challenges such as technical complexity, cultural resistance, and regulatory uncertainties. The study concludes that while blockchain presents transformative opportunities for ERP systems, realizing this potential requires overcoming substantial technical and organizational hurdles. Future research should concentrate on developing scalable, interoperable blockchain solutions, tailored to specific industry needs and compliant with regulatory standards, thereby facilitating widespread adoption and maximizing the benefits of blockchain in ERP systems.
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