SAP's 'Bring Your Own Node' service makes blockchain network integration easier

SAP's'Bring Your Own Node' service makes blockchain network integration easier 1

In an effort to simplify the integration process for multiple blockchain networks, SAP introduced its new “Bring Your Own Node” service for customers at the 2018 TechEd Las Vegas conference. According to an SAP press release, the service was announced alongside two new industry blockchain consortia as well.

Must read: SAP Data Hub catches Docker/Kubernetes container fever

The goal of the Bring Your Own Node integration service is to make it easier for customers and partners to integrate different blockchain infrastructures, with less friction. It will support integrations between SAP-provisioned nodes and those that may be hosted on-premises or in a different cloud, the release noted.

“SAP also facilitates the interoperability of blockchain-enabled SAP applications and business processes with externally operated nodes and networks, providing equal functionalities irrespective of their environment,” the release said.

Coinbase 3

Also: IT leader’s guide to the blockchain Tech Pro Research

Customers can reference the Bring Your Own Node service plan for more information on how to meet requirements for geographic region, regulations, hardware and performance, the release said.

As blockchain has invaded industries from banking to diamond trade, industry consortia have popped up to help support and drive innovation around the use cases. At TechEd Las Vegas, SAP introduced two such consortia–one geared toward pharmaceuticals and life sciences; and another targeting blockchain use in agribusiness, consumer products, and retail, according to the release.

According to the release, the consortia will host “SAP customers, partners, and other relevant players,” who will come together to flesh out use cases and identify opportunities for cross-industry collaboration. The idea is that these consortia can help improve transparency and efficiency around the use of blockchain.

SAP’s focus on blockchain, similar to many other companies’ investment in the technology, is a future-proofing play. A recent Tech Pro Research survey found that 70% of professionals hadn’t used blockchain, but 64% said they expected the technology to impact their industry in one way or another. That same report listed education and usability as the two aspects needed for blockchain to gain wider traction in the enterprise. As it does, though, companies like SAP want to be leading the integrations.

The big takeaways for tech leaders:

  • SAP’s new “Bring Your Own Node” service wants to make it easier for customers to integrate multiple blockchain networks, with less friction.
  • SAP announced two new blockchain consortia: One focused on pharmaceuticals and life sciences, while the other centers around agribusiness, consumer products, and retail.

Related stories:

This article was originally published on TechRepublic.

SAP's'Bring Your Own Node' service makes blockchain network integration easier 2
blank
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 39,225.00
ethereum
Ethereum (ETH) $ 2,360.72
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 319.14
cardano
Cardano (ADA) $ 1.34
xrp
XRP (XRP) $ 0.662810
dogecoin
Dogecoin (DOGE) $ 0.223008
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 14.85
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 39,225.00
ethereumEthereum (ETH)
$ 2,360.72
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 505.48
litecoinLitecoin (LTC)
$ 137.90
bitcoinBitcoin (BTC)
33.322,58
ethereumEthereum (ETH)
2.005,49
tetherTether (USDT)
0,849524
bitcoin-cashBitcoin Cash (BCH)
429,42
litecoinLitecoin (LTC)
117,15
bitcoinBitcoin (BTC)
28,530.38
ethereumEthereum (ETH)
1,717.07
tetherTether (USDT)
0.727352
bitcoin-cashBitcoin Cash (BCH)
367.66
litecoinLitecoin (LTC)
100.30

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
Mining City insists that it is legit
Mining City Refutes Claims By Philippines SEC Of Being A Scam
September 23, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin39,774 1.56 % 15.33 % 24.61 %
Ethereum2,376.8 0.51 % 9.90 % 24.72 %
Tether1.000 0.05 % 0.03 % 0.23 %
Binance Coin322.16 1.09 % 7.80 % 5.88 %
Cardano1.350 0.57 % 11.78 % 13.65 %
XRP0.6649 0.31 % 10.91 % 12.73 %
Dogecoin0.2244 0.52 % 13.77 % 21.76 %
USD Coin1.010 0.35 % 0.39 % 0.00 %
Polkadot14.97 1.63 % 10.78 % 17.20 %
Binance USD1.010 0.50 % 0.89 % 0.54 %

bitcoin
Bitcoin (BTC) $ 37,148.00
ethereum
Ethereum (ETH) $ 2,206.14
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 304.79
cardano
Cardano (ADA) $ 1.24
xrp
XRP (XRP) $ 0.620285
usd-coin
USD Coin (USDC) $ 0.996140
dogecoin
Dogecoin (DOGE) $ 0.201665
polkadot
Polkadot (DOT) $ 13.85
binance-usd
Binance USD (BUSD) $ 0.993797