Business Process

Definition ∞ A business process is a structured series of activities or tasks performed to achieve a specific organizational objective. These steps convert inputs into desired outputs, contributing to operational efficiency. In the digital asset sector, this includes procedures for asset issuance, transaction validation, or regulatory reporting.
Context ∞ Blockchain technology offers significant potential for enhancing traditional business processes by providing immutable records and automated execution via smart contracts. Crypto news frequently covers how distributed ledger solutions are transforming workflows in areas like supply chain verification or cross-border payments. The current focus involves integrating these technologies to improve transparency and reduce operational friction across various industries.