Blockchain
and EDI
Blockchain technology provides an all-embracing approach to multi-enterprise business transaction processing. As the adoption of blockchain technology grows, EDI will continue to provide the underlying conduit mechanism connecting to these networks. EDI has been around for a long time. The technology first came to use in the 1960s, and its use has been widespread since then. The main draws of EDI are that it reduces the amount of error-prone human intervention needed (i.e. – calling, printing, mailing, etc), and allows the secure, auditable transfer of information. Heavily used in supply chains, it’s a protocol for transferring structured data from ‘Point A’ to ‘Point B’. It is also governed by international standards (ANSI or EDIFACT) to ensure that all of the needed information is included. In an ERP setting, it helps to automate certain processes and eases the pressure of inter-business trade.