Story image

SAP serves up blockchain-as-a-service in the SAP cloud

19 May 17

SAP is launching a ‘blockchain-as-a-service’ in the SAP cloud, in a move the company says will help businesses integrate blockchain into existing business processes.

The ‘ready to use blockchain technology’, based on the Hyperledger open source blockchain platform, is part of SAP’s Leonardo offerings, which the vendor launched at its annual Sapphire conference this week.

Other vendors, including Microsoft and IBM are also offering blockchain technology.

The company says the BaaS offering will enable companies to ‘experiment and play with the blockchain to see how it could benefit their businesses; use open standards to create consortia-based and private blockchain networks and prototype, test and build customised blockchain applications and smart contracts.

Raimund Gross, SAP blockchain innovation manager, says “Blockchain is a completely novel architecture for business, with the potential for building a new generation of applications that establish trust and transparency while simultaneously facilitating the validation and execution of transactions in multi-party processes and business networks.

“We see a future in which customers will benefit from our strength in optimising business processes, not only in a single-company setting, but also in a decentralised and network driven world.”

Gross says beyond popular use cases in financial services and supply chain, SAP believes blockchain can enhance ‘various’ scenarios across all industries and lines of business.

He says using SAP Cloud Platform Blockchain service customers and developers can start building blockchain extensions for existing applications.

SAP will also extend the offering to other products.

How McAfee aims to curb enterprise data loss
McAfee DLP aims to help safeguard intellectual property and ensure compliance by protecting sensitive data.
HPE promotes 'circular economy' for end-of-use tech
HPE is planning to show businesses worldwide that throwing old tech and assets into landfill is not the best option when it comes to end-of-use disposal.
Xinja can now officially call itself a bank
The ‘neo’bank that is focused on being a digital disruptor to traditional financial institutions has received a restricted banking license from APRA.
Exclusive: Three access management learnings from 2018
There was a renewed global response to data security in 2018, placing pressure on organisations to assume more responsibility for the data they hold.
Wearables market flourishing - fuelled by smartwatches
A market that has stuttered in the past now has a bright forecast as adoption of wearable technology continues to thrive.
The tech that helped the first woman to sail around Australia
Lisa Blair used devices from supplied by Pivotel to aid her in becoming the first woman to circumnavigate Australia non-stop.
Why there will be a battle for the cloud in 2019
Cloud providers such as AWS, Azure, and Google will likely find themselves in a mad scramble to gain additional enterprise customers.
WLAN market picks up thanks to high-end products
Dell’Oro Group have released a report showing that the WLAN market picked up in 2Q18 as 802.11ax saw its first shipments.