LAS VEGAS — 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
- SAP-provisioned nodes and those residing on premise or in a different cloud
- Blockchain-enabled SAP applications and business processes with externally operated nodes and networks
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 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. For more information, see State of Blockchain Study: Interest and Adoption Rise as Middlemen Move Out.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 404,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2018 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.