Hofbauer, Günter2019-11-142019-11-142019Economics and Business, №3, 2019, pp. 134-1471987-5789https://dspace.tsu.ge/handle/123456789/476 Asharaf S., Adarsh S. (2017): Decentralized Computing Using Blockchain Technologies and Smart Contracts: Emerging Research and Opportunities, Kerala, IGI Global, 144 pages.  Bunjaku F., Gjorgieva-Trajkovska O., Miteva-Kacarski E. (2018): Cryptocurrencies – Advantages and Disadvantages, Journal of Economics, 2 (1), ISSN 1857-9973, 31 -39.  Deloitte (2017): When two chains combine – Supply chain meets blockchain, Dublin. 24 pages.  Dhillon V., Metcalf D., Hooper M. (2017): Blockchain Enabled Applications - Understand the Blockchain Ecosystem and How to Make it Work for You, Orlando, Apress, 240 pages.  Dumitrescu G. C. (2017): Bitcoin – A Brief Analysis of the Advantages and Disadvantages, Global Economic Observer, Vol. 5, No. 2, 2017.  Grand View Research (2018): Blockchain Technology Market Size, Share & Trends Analysis Report by Type (Public, Private, Hybrid), By Application (Financial Services, Consumer Products, Technology, Telecom), and Segment Forecasts, 2018 – 2024, https://www.grandviewresearch. com/industry-analysis/blockchain-technology-market 80 pages.  Hofbauer G. (2017): Technische Beschaff ung: Der Beschaff ungsprozess, editors: Hofbauer, G,; Hecht, D. Schriftenreihe: Strategisches Beschaff ungsmanagement, Band 2, uni edition, Berlin, 290 pages.  Hofbauer G., Hellwig C. (2016): Professionelles Vertriebsmanagement: Der prozessorientierte Ansatz aus Anbieter- und Beschaff ersicht, 4th edition, Erlangen, Publicis, 583 pages.  Kaijun, L., Ya B., Linbo J., Han-Ch, F., Van Nieuwenhuyse I. (2018): Research on Agricultural Supply Chain System with Double Chain Architecture Based on Blockchain Technology, Future Generation Computer Systems, Elsevier, 86 (2018) 641–649.  Morabito V. (2017): Business Innovation through Blockchain, Milan, Springer, 173 pages.  SolarCity 2017: Consumer Trends in Sustainability, 16 pages.  ZYCUS, 2017, Blockchain Technology: The CPO Guide to Transformative Technology, https://www.zycus.com/knowledge-hub/whitepapers/blockchain-technology- the-cpo-guide-to-transformative-technology.html, 14 pages.The purpose of this article is to introduce the application of the blockchain technology to a specific business process in procurement and to provide an updated concept. The blockchain technology is a very promising technology and facilitates a variety of applications for digitalization in business processes. Many appliances are already in use and benefits in terms of effectiveness and efficiency can be stated. The transfer to procurement will be made on a conceptual basis. The scientific approach is analytical and theoretical, answering the research question about the applicability of the blockchain technology in business operations, exemplarily analyzed for the procurement management process. The application of this digital technology in the context of the procurement activities is described. In order to do this, a generally admitted procurement process is introduced as a basis for scientific discussion. In summary, three major applications of the blockchain were identified and their impact on the procurement department is depicted. The major issues are smart contracts, tracking of the supply chain as well as crypto currency. Specific advantages and disadvantages are pointed out. Finally the findings will be transferred to the procurement process.enBlockchain, procurement, processes, smart contracts, supply chain, crypto currencyArticle