Blockchain in Enterprise: An Innovative Management Scheme Utilizing Smart Contract

Abstract

Currently, with the increasing scale of the enterprise, a common tendency is that more convenient and intelligent management system is demanded for high security and maximum transparency. One feasible option is via blockchain, which acts as a transparent ledger. This paper is based on a successful project, which primarily aims at the development of smart contracts used for car insurance application. According to this result, the potential benefit of utilizing blockchain in commercial area can be demonstrated, meanwhile, a possible scheme in enterprise management could be inspired. This management model would replace manual operation, for instance, salary distribution, with smart contracts, which could satisfy both security and intelligence demand. This paper will briefly descript the blockchain project mentioned above and raise original method and conception concerning with blockchain based on existed management issues, as well as advantages and disadvantages.