Abstract
Blockchain technology, as a database which combines encryption algorithm, smart contract, consensus mechanism, time stamp, and other technologies, has received wide attention from all walks of life and can be used to solve such problems as asymmetric, incomplete, and untimely information in both interenterprise transactions and enterprise internal control management as a good solution owing to its characteristics of decentralization, traceability, and tamper‐proofness. Consequently, it is worthy of studying how to apply blockchain technology to daily business activities of enterprises. In this paper, some problems existing in the value chain activities of the enterprise internal procurement are analyzed by designing the solutions to requisition, warehousing, and payment based on blockchain technology, in which the Hyperledger Fabric platform is selected as an implementation tool to simulate some purchasing data for testing procedures. After the successful test, the research conclusions and research prospects of this paper are thus proposed, proving the feasibility of applying the blockchain technology to the internal value chain management of the enterprise, which provides reference for the construction of the internal value chain management of the enterprise by the blockchain.
Highlights
In 2008, the concept of blockchain was first proposed in “Bitcoin: A Peer-to-Peer Electronic Cash System” published by Satoshi Nakamoto who believed that blockchain technology can be applied in fields such as financial technology and business development [1]
The most important part of the creation of the chain code is the formation of a consensus mechanism, which is the main content of the chain [13]
The well-known consensus mechanisms mainly include proof of work (PoW), proof of stake (PoS), and Delegated Proof of Stake (DPoS) [14], which are limited to the application in public blockchains and can not solve the dependence on virtual tokens, so they can not be well applied to the design of consensus mechanism within enterprises
Summary
In 2008, the concept of blockchain was first proposed in “Bitcoin: A Peer-to-Peer Electronic Cash System” published by Satoshi Nakamoto who believed that blockchain technology can be applied in fields such as financial technology and business development [1]. Besides Internet finance, blockchain technology currently has been applied in many other fields such as Internet of Things [2], transportation [3], and supply chain management [4] and has shown great prospects [5]. With the continuous improvement of blockchain technology, whether it can be applied in enterprise internal control is a question worthy of study. Blockchain technology will be used to design a set of internal control optimization scheme based on enterprise purchasing value chain to verify the feasibility of blockchain application in enterprise internal management process and to provide. Wireless Communications and Mobile Computing reference for the enterprise to solve the problems of execution efficiency and information distortion
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