Newly Formed Chinese Trusted Blockchain Alliance Names SAP as Vice Chair

WALLDORF SAP SE (NYSE: SAP) today announced that the Chinese Trusted Blockchain Alliance has appointed SAP as vice chair to deepen the integration of blockchain across industries.

The joint initiative of companies and research institutions seeks to facilitate co-innovation, advance blockchain standards and increase international cooperation. The alliance was established with the support of the Chinese Ministry of Industry and Information Technology (MIIT) and the China Academy of Information and Communications Technology (CAICT).

“The Chinese Trusted Blockchain Alliance unifies efforts and underlines the joint desire to advance these technologies and drive adoption across industries,” said Torsten Zube, head of blockchain, SAP. “Combining SAP’s technical and business expertise with CAICT’s ecosystem, all parties will work closely to unleash new value for companies.”

As a world leader in enterprise software, SAP developed the SAP Leonardo digital innovation system to seamlessly integrate blockchain technologies with existing business software to enable companies to spearhead digital business. SAP has nearly 45 years of experience helping more than 388,000 business and public sector customers in more than 190 countries to operate profitably, adapt continuously and grow sustainably.

Ruicheng Li, managing director, SAP Labs China, SAP (China) Co. Ltd., was appointed as deputy chair of the Industrial Internet Blockchain Special Working Group, an initiative of the Trusted Blockchain Alliance and Industrial Internet of Things Alliance to accelerate the application of blockchain technologies.

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About the Trusted Blockchain Alliance

Chaired by CAICT and guided by market-oriented approaches, the Trusted Blockchain Alliance will establish working groups in areas such as blockchain core technology R&D, industrial applications of blockchain technologies and blockchain governance and standardization. The Alliance aims to facilitate the development of China’s blockchain ecosystem, the application of blockchain technologies for business and international cooperation. The Alliance is supervised by China Communications Standards Association (CCSA).

About China Academy of Information and Communications Technology (CAICT)

Established in 1957, China Academy of Information and Communications Technology (CAICT) is an affiliated think tank of the China Ministry of Industry and Information Technology. CAICT plays a major role in research for China’s national industrial policy and road map development, including strategic industrial planning, policy, standardization, industrial testing and certification. Besides the Trusted Blockchain Alliance, CAICT also chairs China’s Industrial Internet of Things Alliance, which SAP has joined as a member organization.

Media Contacts:
Lesa Beber, +65 9646 5529, lesa.beber@sap.com, SGT
Benjamin Nickel, +49 331 97995-376, benjamin.nickel@sap.com, CEST

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