LAS VEGAS, Oct. 2, 2018 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced new services that help customers integrate blockchain and launched two new consortia that accelerate industry-specific blockchain co-innovation with customers and partners. The announcement was made at the SAP® TechEd event in Las Vegas, taking place Oct. 2–5, 2018.
Network Extensibility for Open Business Collaboration
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
This helps customers meet specific regional, hardware, performance and regulatory requirements.
New Support for Quorum
To offer customers maximum flexibility, SAP is adding support for Quorum, an enterprise-focused version of Ethereum. This follows SAP's technology-agnostic approach and complements the existing support of Hyperledger Fabric and MultiChain on the SAP Cloud Platform Blockchain service. Quorum support will be available for early adopters. It allows the use of Ethereum-based smart contracts in permissioned blockchain networks.
Industry Groups Apply Blockchain for Safety, Transparency and Efficiency
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 more than 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."
SAP's expanding work with blockchain comes as companies in more industries seek the advantages of the distributed ledger technology in enterprise applications. A new survey of SAP customers and partners finds greater adoption and increasing interest in functions including corporate finance. Please see here for more information.
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