With SAP Leonardo, SAP has announced a digital innovation system that meaningfully integrates next-generation technologies to help our customers redefine their business – including ready-to-use blockchain technology and our SAP Cloud Platform Blockchain service.
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. At SAP, we see a future in which customers will benefit from our strength in optimizing business processes, not only in a single-company setting but also in a decentralized and network-driven world.
Beyond popular use cases in financial services and supply chain (see above), SAP envisions blockchain to enhance various scenarios across all industries and lines of business. As part of our endeavors, we are a founding member of the Blockchain Research Institute and premier member in the Hyperledger project to ensure that collaborative blockchain efforts will meet our customers’ blockchain-related requirements. Following this approach, we are now enabling our customers to simplify and optimize complex multi-party processes by offering blockchain service embedded in our SAP Cloud Platform.
With the launch of SAP Cloud Platform Blockchain service, we enable three major functionalities:
SAP Cloud Platform Blockchain service allows for an easy setup and management of blockchain nodes. This will help customers get started with an example application to examine the potential of blockchain technology. Interested companies can begin by registering for our co-innovation program to collaborate with us and build first solutions together. Our ambition is twofold: we want to benefit our customers with trustful and efficient operations, while at the same time transferring knowledge and turning valuable scenario insights into actions. Our goal: to advance blockchain technology and tailor value-added blockchain services to our customer’s specific needs.
The integration of additional powerful technologies within SAP Leonardo complements the opportunities of blockchain. Together, these technologies will help our customers to drive innovation at scale. By co-innovating with our customers, we strive to deliver tangible business value using distributed ledger technologies, ultimately unveiling the potential of blockchain in the enterprise sector.
Raimund Gross is blockchain innovation manager at SAP.