Since its peak in 2017, the hype surrounding bitcoin has heightened interest in blockchain, the technology behind the cryptocurrency. Numerous academic articles and studies on blockchain have been published over the last few years, and in late 2019, the state of Bavaria decided to promote this technology by establishing the Bavarian Center for BlockChain, or [bc]2. In the light of these developments, we would like to examine whether blockchain technology might be deployed to improve procure-to-pay processes.