Traditional financial or ERP systems operate with a centralized database, which would help to analyze the business transactions by using various reports such as Balance sheet statement, P&L statement, Cashflow, TB.... and ERP's can be accessed by the authority people, who all have appropriate access. In addition to that ERP's has a lot of rich functionality in each module, automated functionality, and Workflows, which has been helping to solve the complex business problems.
But new technology Blockchain says that it can be integrated with ERP's to address the complex problems.
I'm clueless that what is the finance functionality that can be met by using blockchain, but not available in MS Dynamics ERPs.What is the problem statement that blockchain is trying to solve in ERP's world? Except for chain of records ?
Could anyone explain that how does really blockchain can improvise any finance business process in ERP?
Thanks in advance.