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Blockchain has emerged as one of the most promising and revolutionarytechnologies in the past years. Companies are exploring implementation of usecases in hope of significant gains in efficiencies. However, to achieve theimpact hoped for, it is not sufficient to merely replace existing technologies.The current business processes must also be redesigned and innovated to enablerealization of hoped for benefits. This conceptual paper provides a theoreticalcontribution on how blockchain technology and smart contracts potentially can,within the framework of the seven principles of business process re-engineering(BPR), enable process innovations. In this paper, we analyze the BPR principlesin light of their applicability to blockchain-based solutions. We find theseprinciples to be applicable and helpful in understanding how blockchaintechnology could enable transformational redesign of current processes.However, the viewpoint taken, should be expanded from intra- tointer-organizational processes operating within an ecosystem of separateorganizational entities. In such a blockchain powered ecosystem, smartcontracts take on a pivotal role, both as repositories of data and executionerof activities.

Blockchain and Principles of Business Process Re-Engineering for Process Innovation