Wednesday 7 February 2018

Digital Transformation will kill ERP

It is a strong statement but at this time nothing is more certain than change. When giant corporations are created from a basement in San Francisco or a student hall in Harvard, it is not hard to question the future of a software. If Digital Transformation can “disintegrate” enterprises why could not destroy a concept? 

Forget about ERP and the way we run enterprises for years, despite technological changes, everything is kept in a book. The book of transactions called general ledger. Payable, receivables, cash flow, fixed assets and purchasing.

Why? In a simple sentence? Because we need to know if we can take money home! And does not matter if is a small-one-owner or a large shared public company. It is the same. But if there is not a centralised book? We need to know if we can take the money home still. But if there is no money? 

It is a technology for a new generation of transactional applications that establishes trust, accountability and transparency while streamlining business processes.
It is a design pattern made famous by bitcoin the reason I used in this text but its application go far beyond. With it, we can re-imagine the world’s most fundamental business interactions and open the door to invent new styles of digital interactions.


It has the potential to vastly reduce the cost and complexity of cross-enterprise business processes. The distributed ledger makes it easier to create cost-efficient business networks where virtually anything of value can be tracked and traded—without requiring a central point of control.” 

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