Immutable Workflow Management Systems - The future of WMS (Case Study of ApprovalChain)
In recent years, there has been a growing need for Workflow Management Softwares offering provable immutability.
Meaning of Workflow Management System
A workflow management system provides an infrastructure for the set-up, performance and monitoring of a defined sequence of tasks, arranged as a workflow application.
Meaning of Immutability
Immutability refers to the property of data that once it is created, it cannot be changed. Provable immutability means that there is a way to prove that the data has not been changed since it was created.
This is important for businesses that deal with sensitive data such as financial records, medical records, and legal documents.
Importance of Immutable Workflow Management System
Immutable Workflow Management Systems have a lot of importance and some include;
Security: Immutability is an important aspect of data security. If data can be changed, then it can be manipulated, and this can lead to fraud, theft, or other security breaches. A workflow management system with provable immutability can help prevent such breaches.
Efficiency: A Workflow Management System with provable immutability can help automate processes and reduce the amount of time and effort required to manage workflows. This can lead to greater efficiency and productivity.
Compliance: Many industries have strict regulations that require companies to keep records for a certain period of time and to ensure that these records are not tampered with. A workflow management system with provable immutability can help companies meet these regulatory requirements.
Transparency: Provable immutability can help ensure transparency in business processes. If there is a dispute about a particular process or decision, the workflow management system can provide an audit trail that shows exactly what happened and when.
The Future of Modern Workflow Management System — ApprovalChain
ApprovalChain offers a modernized workflow management system with provable immutability. Provable immutability is the ability to demonstrate that no alterations have been made to data since it was created.
ApprovalChain, a product built on ParallelChain offers a platform for workflow streamlining, provenance tracking and approval transparency.
ApprovalChain is fully compliant with the GDPR privacy ordinance, and incorporates real-time image processing, millisecond anti-spoofing facial detection and time stamp generation to authenticate the movement of goods and ensure real-time visibility and integrity along the supply chain network.
Advantages of ApprovalChain
Some of the advantages of the ApprovalChain include;
Millisecond anti-spoofing facial recognition
Only facial recognition technology is used to approve transactions, enhancing workplace accountability.
Real-time image processing
Images of the procurement process are taken in real-time to guarantee that each evaluation is done properly.
Provenance tracking
Keeps track of the “who” and “where” for each piece of data’s point of origin
GPS location
Identify the exact address and coordinates of users at each transaction point
User permission control
Authorization is only given to users with appropriate access to confidential business information.
Time stamp submission
Verifies that a document existed at a particular date and time.
User-programmable smart contracts
Users are granted the authority to compile and programme smart contracts for transaction efficiency.
Immutable records
Transaction records are stored permanently on the blockchain and cannot be tampered with.
User permission control
Authorization is only given to users with appropriate access to confidential business information.
Conclusion:
Provable immutability is a key feature of modern workflow management system, and is essential for ensuring the accuracy, security, and compliance of data within the system. However now with ApprovalChain from ParallelChain, companies, businesses, organisations, etc. now have an opportunity to experience the full potential of all the benefits and so much more that comes with a modern workflow management system.
Find out more about Parallel Chain
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