Blockchain and Business Process Management (BPM) Synergy: A Comparative Analysis of Modeling Approaches
Hamed Taherdoost, Mitra Madanchian
Abstract
Blockchain technology has become a powerful disruptive force that upends established ideas in several industries. A fascinating point of convergence is that of blockchain technology and Business Process Management (BPM), where the distributed and immutable characteristics of blockchain promise to completely transform the modeling, implementation, and oversight of business processes. This symbiosis offers a singular chance to develop corporate processes that are more efficient, safe, and transparent. Nevertheless, to guarantee that blockchain-specific components are accurately represented in these processes, modeling techniques need to be critically examined as part of integrating blockchain into BPM. This literature review examines blockchain-BPM integration using different modeling methodologies. Though well-established, traditional BPM approaches may need help with blockchain-specific aspects. Blockchain-oriented modeling includes smart contracts and decentralized consensus. Hybrid models with blockchain and traditional elements are popular. Adaptability, model clarity, and blockchain integration are evaluated in the analysis. This literature review aims to improve corporate processes’ efficiency, security, and transparency by investigating how to model the integration of blockchain and BPM better.