Blockchain-based business process management (BPM) for ﬁnance: the case of loan-application Galena Pisoni 1[0000-0002-3266-1773] , Meriem Kherbouche 2[0000-0002-4592-1765] , and B´alint Moln´ ar 2[0000-0001-5015-8883] 1 Universit´ e Cote d’Azur, Polytech Nice Sophia, Campus ShopiaTech, 930 Route des Colles, 06410 Biot, France galena.pisoni@univ-cotedazur.fr 2 E¨ otv¨ os Lor´ and University (ELTE), Information Systems Department, Faculty of InformaticsP´azm´anyP´ eter 1/C, 1117 Budapest, Hungary {meriemkherbouche,molnarba}@inf.elte.hu Abstract. Because of the competitive economy, organizations today seek to rationalize, innovate and adapt to changing environments and circumstances as part of business process improvements eﬀorts. The strength of the blockchain technology lies in its usage as an apt tech- nology to enhance the eﬃciency and eﬀectiveness of business processes, to prevent the use of erroneous or outdated data, and to allow sharing of conﬁdential data in a secure manner. The use of superior technology in execution and automation of business processes brings opportunities to rethink the process itself as well. Business processes modeling and veriﬁcation are essential to control and assure organizational evolution, therefore, the aim of this paper is three-fold: ﬁrstly, to provide business process management patterns in ﬁnance, based on blockchain, speciﬁcally for the loan-application process, that could be used and customized by companies; secondly, to critically analyze challenges and opportunities from the introduction of such approach for companies; and thirdly to outline how companies can implement the loan business process as a web service. Keywords: Blockchain · Business Process · Business Process Modelling (BPM) · Finance · Loan · Technology Management · Service-oriented computing 1 Introduction BPM (Business Process Management and Modeling) as a discipline tries to in- crease the performance of companies by studying business processes and possi- bilities for business process optimizations [27], in course of the development of the scientiﬁc branch, it has matured as an academic and professional discipline. The contemporary BPM is a widely adopted and deployed scientiﬁc area, on both academic and practitioner sides. BPM tries to respond and address press- ing issues in all sectors of Business IT (Information Technology) and to foster value creation for companies.