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SAP Cloud Platform launches new blockchain as a service

SAP Cloud Platform launches new blockchain as a service

Blockchain, the distributed, secure ledger is touted as one of the major technological breakthroughs in world's economy. It helps in building efficient, safe, trusted business in many industries that we know so far.
Read more,
10 THINGS YOU SHOULD KNOW ABOUT BLOCKCHAIN
SAP Cloud Platform Blockchain is a new blockchain as a service enabling enterprises to easily build and extend business solutions with blockchain technologies, such as Hyperledger Fabric and MultiChain.  Hyperledger Fabric and MultiChain are one of the most advanced and enterprise-ready blockchain technologies available today.

SAP blockchain co-innovation initiative witnessed around 65 companies participants. This SAP program helps customers use their existing SAP solutions to use blockchain technology to solve different problem areas.

According to the announcement, with SAP Cloud Platform Blockchain, users can:

  • Extend existing solutions with enterprise blockchain capabilities
  • Build their own enterprise blockchain-based application according to their specific needs
  • Instantiate an enterprise blockchain network
  • Lay the foundation to participate in productive enterprise blockchain installations 
SAP’s digital platform states its objective to make blockchain actionable, affordable, and scalable. It lays the foundation to become an intelligent enterprise.

Blockchain is embedded in SAP digital platform

Existing manufacturing and supply-chain products can utilize blockchain to enhance transparency, safety, and collaboration in industries such as transportation, food, and pharmaceuticals.

SAP has also started global blockchain consortium with industry players such as A³ from Airbus, Amkor, FLEX, Hewlett Packard Enterprise, Intel Corporation, UPS, and SAP.

This post is subject to the original announcement.

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Mandar Pise Opinions expressed by techsutram contributors are their own.

Mandar is a seasoned software professional & Fintech, Cloud, IoT, and Blockchain enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about Fintech, Cloud, IoT, AI and Blockchain, and the effects they will have economically and socially in the future.

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