Definition ∞ A cross-enterprise workflow coordinates tasks and information exchanges across different organizations. This type of workflow automates and manages business processes that extend beyond the boundaries of a single company, involving multiple independent entities. It facilitates seamless collaboration, data sharing, and transaction execution among partners, suppliers, and customers. Such workflows often rely on shared platforms or distributed ledger technologies to ensure data consistency and process integrity.
Context ∞ Blockchain technology offers a robust solution for enabling transparent and verifiable cross-enterprise workflows, particularly in areas like supply chain logistics, trade finance, and inter-organizational data reconciliation. Current challenges involve establishing common standards and governance frameworks among participating entities. Future developments anticipate widespread adoption of blockchain-powered workflows to reduce friction and increase efficiency in complex business ecosystems.