Decentralizing Workflows: Blockchain Meets BPM for Secure Transactions

Authors

  • Sivasatyanarayanareddy Munnangi

Keywords:

Blockchain, Business Process Management, Decentralization, Pega, Multi-party Transactions, Supply Chain Automation

Abstract

Blockchain technology has emerged as a transformative force in enhancing transparency, security, and traceability across business processes. As Business Process Management (BPM) continues to evolve, the integration of blockchain offers significant advancements, particularly in multi-party transactions, where trust and reliability are paramount. This research explores how blockchain’s decentralized structure is used to ensure the integrity of workflows, reducing the need for intermediaries and mitigating risks associated with centralized systems. We specifically focus on the integration of blockchain within Pega’s BPM platform, highlighting its role in automating complex workflows in sectors like finance and supply chain management. By leveraging blockchain's immutability, Pega enhances the security and efficiency of multi-party transactions, ensuring that once a transaction is recorded, it cannot be altered or tampered with. This article also delves into the practical benefits and challenges faced during the integration process, offering a comprehensive view of how blockchain can revolutionize BPM systems. The findings suggest that blockchain not only enhances the transparency and security of financial transactions but also improves accountability in supply chain operations.

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Published

26.12.2021

How to Cite

Sivasatyanarayanareddy Munnangi. (2021). Decentralizing Workflows: Blockchain Meets BPM for Secure Transactions. International Journal of Intelligent Systems and Applications in Engineering, 9(4), 324–339. Retrieved from https://ijisae.org/index.php/IJISAE/article/view/7151

Issue

Vol. 9 No. 4 (2021)

Section

Research Article

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