SAP Introduces New Support for Blockchain

SAP is introducing new services to help customers integrate blockchain, launching two new consortia that accelerate industry-specific blockchain co-innovation with customers and partners.

The new network extensibility services enable customers and partners to integrate different blockchain infrastructures seamlessly.

By providing equal functionalities irrespective of their environment, it supports the interplay between SAP-provisioned nodes and those residing on premise or in a different cloud Blockchain-enabled SAP applications and business processes with externally operated nodes and networks

This helps customers meet specific regional, hardware, performance and regulatory requirements.

To offer customers maximum flexibility, SAP is adding support for Quorum, an enterprise-focused version of Ethereum.

Based on its comprehensive work with customers, SAP has formed two new industry consortium groups within the SAP Blockchain Consortium program: one for the pharmaceuticals and life sciences industries, and the other for agribusiness, consumer products and retail.

The consortia bring SAP customers, partners, and other relevant players together to identify industry-spanning blockchain use cases, areas for cross-industry collaboration and further benefits of permissioned industry blockchain networks.

The two new groups are in addition to the high-tech industry consortium, which has more than doubled in size since its founding earlier this year. SAP has 35 participants in its three industry consortium groups, including AmerisourceBergen, Arvato, CONA – Coke One North America, GlaxoSmithKline plc and Maple Leaf Foods Inc.

“Blockchain presents a powerful way to create greater trust, transparency and simplified collaboration among businesses,” said Gil Perez, senior vice president, products & innovation, and head of digital customer initiatives at SAP. “SAP empowers customers to harness the value of blockchain by offering easy integration, technological flexibility and industry-specific co-innovation.”

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