The field of Blockchain has made a huge impact in most of the market sectors with a wide range of growth rates. On the other hand, Odoo ERP being an all-in-one management software has had a tremendous growth rate in the ERP market over the past decade. With the provision of modular solutions, Odoo helps in streamlining the business functionalities with multiple integrated solutions with third-party applications with latest technologies. What if we integrate Odoo ERP with Blockchain?
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How Does Odoo Integration With Blockchain Affect Your Business?
1. Powering Odoo with blockchain integration
for enhanced efficiency.
ODOO INTEGRATION
WITH BLOCKCHAIN
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2. Overview
Introduction
Concept of Blockchain
Why BlockChain Integration with Odoo is
important for your business?
Working system of Blockchain
Blockchain Integration with Odoo ERP
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3. INTRODUCTION
In today's digital era, companies must adopt cutting-edge technologies like Blockchain to meet
evolving market demands. Amidst a flood of tech buzzwords, Blockchain stands out as a top
trend, revolutionizing industries worldwide.
Blockchain has significantly impacted various market sectors, with over a third of global
companies now embracing its latest technologies.
On the other hand, Odoo ERP being an all-in-one management software has had a tremendous
growth rate in the ERP market over the past decade. With the provision of modular solutions,
Odoo helps in streamlining the business functionalities with multiple integrated solutions with
third-party applications with latest technologies. What if we integrate Odoo ERP with Blockchain?
4. CONCEPT OF BLOCKCHAIN
Blockchain technology is defined as a ‘distributed, decentralized,
public ledger.’ It can be easily simplified when we separate the
compound phrase into two identical words; block and chain. ‘Block’
here represents a group and the ‘Chain’ represents the series of links.
Thus a Blockchain (Block + Chain) is digital information stored in the
database. Digital information will be stored in blocks whereas the
chain is the public database in which the blocks are stored in a series.
An identical number named HASH will be provided to every stored
digital information in blocks.
5. Why BlockChain
Integration with
Odoo is
important for
your business?
01
02
03
04
05
Highly Securable
Blockchain integration provides a very high security rate by
means of its decentralized nature.
Highly Transparent
Blockchain is an open technology that provides a
highly transparent system with reduced discrepancy.
Increased Financial Efficiency
Direct transactions between individuals eliminate
third-party involvement, enhancing cost efficiency
for the organization.
Innovative Scope
Blockchain's openness and programmability offer vast
potential for organizations to redefine their business
processes.
Easily Traceable
All the transactions performed in the working systems
can be easily traceable even in an organization with
complex architecture.
6. Working system of Blockchain
A Blockchain is nothing but a unit comprising various blocks interwoven
together in it. The Blockchains inscribed can be extended and developed
additionally by means of adding blocks to the chain in the series of links.
In order to add additional blocks to the series of chains, the following
processes are to be followed.
01
Once the
additional block is
HASHED, it gets
added to the
Blockchain.
02 03 04
Transaction
must be
processed.
Verification
of the
processed
transaction
After
verification, the
storage process
takes place.
7. Odoo ERP streamlines business
functions with its all-in-one suite,
featuring modular solutions like
Manufacturing, Sales, Accounting, and
eCommerce, simplifying complex
processes for users.
On the other hand,Blockchain ensures
transparent, secure handling of data,
aligning with businesses' goals for
decentralization, security, and
transparency in transactions.
Blockchain Integration with Odoo ERP
8. • Odoo ERP Blockchain
integration decentralizes
digital systems for
secure, independent
transactions.
Future is all about embracing the continuous upgradation of technological advancements in our work
space. Integration of Odoo ERP with the Blockchain technology is the next huge step of potential growth in
the enterprise software market. As an official Odoo Gold Partner in the USA, France, and India, and with
more than 19 years of market experience, PPTS offers our Odoo ERP integrated services in order to elevate
our customer’s business growth rate.
• This integration employs a distributed
ledger system, enhancing
transparency, accuracy, and data
consistency.