SAP Launches 2 Blockchain Features, Forms 2 DLT-Oriented Consortia
Software multinational SAP announced the launch of two new blockchain services and two industry consortia. SAP’s Cloud Platform Blockchain will now support Quorum.
German software development company SAP announced on Tuesday that it launched new services to help clients integrate blockchain technology. It also formed two new consortia to speed-up blockchain adoption. SAP made the announcements during its TechEd event in Las Vegas, held from October 2 to 5.
The new services proposed by SAP are as follows:
- Network Extensibility for Open Business Collaboration – these network extensibility solutions allows clients to integrate various distributed ledger technology (DLT) infrastructures and configurations in a convenient manner. The network extensibility features enable the interplay between SAP-provided nodes and those located in a different. They also help to integrate SAP’s blockchain apps with nodes and networks that are operated externally.
The new solution will help clients meet certain regional, hardware and regulatory requirements.
- New Support for Quorum – SAP is now supporting Quorum, an Ethereum-based blockchain technology aimed at enterprises. The move is meant to ensure full flexibility and complement SAP’s current support for Hyperledger Fabric and MultiChain. Quorum support is available for early adopters, helping them access permissioned networks and smart contracts based on Ethereum.
Besides the new services, SAP launched two industry consortia within the SAP Blockchain Consortium program. One group is aimed at the pharmaceutical and life science industries, while the other one is focused on agribusiness, consumer products, and retail markets.
The two new consortia come on top of SAP’s existing high-tech industry group, which has expanded since its founding in early 2018. Now SAP has over 35 companies and organizations in its three consortia, including firms like GlaxoSmithKline, AmerisourceBergen, Arvato, Maple Leaf Foods, and CONA – Coke One North America.
Gil Perez, head of digital customer initiatives at SAP, commented:
“Blockchain presents a powerful way to create greater trust, transparency and simplified collaboration among businesses. SAP empowers customers to harness the value of blockchain by offering easy integration, technological flexibility and industry-specific co-innovation.”
In June of this year, SAP launched its blockchain as a service (BaaS) solution to all its customers. Earlier, the service was available for 27 companies only.