SAP is a German-based global software corporation that makes enterprise software to manage business operations and customer relations. The company is headquartered in Walldorf, Baden-Württemberg, Germany with regional offices in 180 countries. They will be bringing in a huge pool of customers to introduce to blockchain, as they currently service over 335,000 customers in over 180 countries.
Their new cloud-based solution aims to provide enterprises with a framework to build business applications on top of blockchain systems such as Hyperledger Fabric, the blockchain platform launched by the Linux Foundation. SAP is also a contributor to that project.
The company said that the work is being formally rolled out after it has worked with 65 companies within its Blockchain Co-Innovation Initiative that trialed blockchain applications in various industries such as supply chain, manufacturing, transportation, food and pharmaceuticals.
Co-Innovation & Consortium
Based of an enterprise blockchain survey that the company launched, they have found the best course of action to be bringing their customers together - “SAP is bringing like minded industry leaders and the companies they do business with together, to facilitate requirement definitions for some of the biggest business challenges – turning blockchain to reality and challenges to opportunity, for all.”
Farm to Consumer Initiative
The company is looking to apply the tech to agricultural supply chains as well, by way of its Farm to Consumer initiative. Companies such as Johnsonville, Naturipe Farms and Maple Leaf are working as additional collaborators on the project.
"The Farm to Consumer project perfectly showcases a common pattern we see in many of our blockchain projects," Zube wrote in a blog post detailing the initiative. "Cross-company collaboration along complex value chains for which the technology can remove abundant process steps and friction, and establish automated trust."
SAP has also teamed up with Swiss supply chain startup modum.io (MOD) to further its supply chain ventures. SAP plans to provide further details on the companies' joint work on pilot projects later this month.
By: BGN Editorial Staff