ERP development using blockchain technology AVADA-MEDIA
ERP (Enterprise Resource Planning) is software that is responsible for enterprise resource planning: manages accounting and procurement, supports supply chains, reporting, production, human resources, financial transactions, etc.
Continuous scientific and technological progress contributes to the development of many areas, so ERP systems must meet the dynamically growing needs of the business.
The integration of blockchain into enterprise resource planning solves a number of problems and automates business processes, so the AVADA MEDIA team uses the potential of the new technology to develop secure and reliable blockchain solutions.
What is blockchain AVADA-MEDIA
Blockchain is a type of distributed ledger technology that is decentralized and ensures the reliable execution of smart contracts. All transactions are stored in an immutable blockchain. There are several types of networks depending on access to data:
The public blockchain was initially actively used in the field of cryptocurrencies, but over time it has found application in other industries. Its main feature is that any market participant can view transaction history and create smart contracts.
This type of blockchain is being implemented by companies that want to ensure a high level of trust between users.
The private blockchain restricts access to data stored on the blockchain. To join, the user must receive an invitation approved by the creator or moderator of the network, as well as by the rest of the participants. A number of basic functions, in particular base coordination, execution and verification of transactions, are available to a limited number of people.
Private blockchain is suitable for companies looking to maintain confidentiality in their work.
A public (or inclusive) blockchain allows users to create blocks on their own and does not impose restrictions on the identity of transaction processors, and an exclusive blockchain allows only a limited number of individuals with established identities to process data.
How blockchain empowers ERP and impacts business AVADA-MEDIA
The introduction of blockchain technology in ERP allows you to efficiently extract data from corporate systems and strictly control their use. This is especially important for sharing, where information can be shared by partner companies.
ERP ensures the smooth operation of the enterprise and regularly processes large amounts of data. The integration of blockchain into the system helps companies to significantly improve the quality of work and rethink the approach to management processes.
The technology has several important advantages:
Blockchain will not replace ERP systems entirely, but will complement them, simplify the process of integration between parties and ensure reliability due to a high level of security.
How it works? The most important blockchain mechanism is the consensus algorithm. It participates in maintaining the integrity of the system, verifies that protocol rules are being followed, and ensures that all transactions occur in a trusted manner. In addition, thanks to the consensus algorithm, the network is almost impossible to hack.
Blockchain offers businesses a high level of transparency at all stages of delivery using distributed ledger technology.
Typically, supply chains are complex, segmented processes. In traditional ERP systems, this makes tracking items much more difficult. Blockchain allows companies to control processes in real time, and also completely eliminates the possibility of fraud or unauthorized access to data.
Smart contracts are computer algorithms that verify and enforce contractual terms in a blockchain environment without involving intermediaries
When they are concluded, the parties commit themselves through the blockchain network. The parties to the agreement do not have to worry about the accuracy of the fulfillment of the conditions, since if they are not satisfied, the contract will be canceled automatically. This mechanism facilitates safe and transparent transactions.
The technology makes it possible to do without intermediaries in business processes. This principle is implemented using consensus building protocols in a decentralized environment.
The blockchain does not have a single central authority, so all users are involved in verifying transactions. Participants interact with each other through a peer-to-peer network, without the participation of a third party, which automatically eliminates the need for payment gateways and large companies that would control the reliability of transactions.
One unforeseen event can cause many supply chain disruptions. Since the blockchain uses smart contracts that are automatically triggered when predefined business conditions are met, this makes all operations transparent, allows you to quickly notice and react to the problem in the event of an exception.
In addition to ERP, the AVADA MEDIA team is engaged in the implementation of blockchain in CRM to expand the functionality of the system, optimize marketing, increase ROI and create trust with customers.
Blockchain is one of the most promising technologies that can become the basic infrastructure for many companies. Technicians suggest that integrating blockchain into ERP systems will help businesses optimize their investments and costs.
AVADA MEDIA develops reliable ERP systems fully adapted to business needs. We offer fully functional, stable and convenient business automation systems with a large number of integrations.
The best confirmation of our qualifications and professionalism are the stories of the success of our clients and the differences in their business before and after working with us.
Our clients What they say about us
Thanks to AVADA-MEDIA for a great project. The developers of AVADA-MEDIA have made for us a convenient and functional system for booking homes. This is not our first project with this company. The professionalism of its developers and competent management make the company the best IT partnerDenis, owner
I have been working with the AVADA-MEDIA team for more than 5 years. I want to note the professionalism of the developers and the excellent management of the employees who always help me in the tasks. We have implemented many different ideas with the AVADA-MEDIA team, and at the moment we are moving the existing store to a new platform.Risto, owner
He chose the AVADA-MEDIA team for his startup and for several years now we have been developing this project together. A lot of things have been done and improved during this time. Thanks to the team of AVADA specialists, the project is gaining commercial momentum and has already entered the Ukrainian market.Игорь, Co-owner
We have been cooperating with Sergey’s team for 5 years in various business areas, including in the field of information technology. Sergey has repeatedly demonstrated the highest level of expertise and responsibility in our joint projects, especially in an uncertain situation and for a limited time.Bogdan Yurchenko, Director
As a technical director, Sergey perfectly organized work on the SeshMe mobile application project, thanks to which we always received results in time. Also I would like to note the high level of developers from the team of Sergey. Very happy to work together. I recommend Sergey as a reliable and responsible partner.Vlad Konovalov, Product manager
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