SAP on Wednesday launched its SAP Cloud Platform Blockchain, a service effort that aims to integrate its various products with blockchain capabilities.
According to SAP, the blockchain-as-service launch will provide support for Hyperledger Fabric and MultiChain. Customers will be able to extend current applications to utilize blockchain, build applications, and create and build networks.
How Blockchain Will Disrupt Business | Blockchain and business: Looking beyond the hype | Executive's guide to implementing blockchain technology | Free PDF download: How Blockchain Will Disrupt Business
SAP's blockchain service will utilize SAP HANA Data Management Suite and be built on top of SAP HANA. The plan is to make blockchain actionable for enterprise customers by integrating the technology into its portfolio. SAP's blockchain news comes a day after the company outlined its big plans to take on Salesforce in the CRM market.
The company has been working with more than 60 enterprises across industries to create blockchain use cases in supply chain, manufacturing, transportation and pharmaceuticals.
While these use cases aren't fully baked and it's not hard to find analysts to note blockchain is hyped, SAP is steadfast in its belief that the technology can dramatically alter business processes and IT. Blockchain, along with machine learning and artificial intelligence, are seen as cogs in what SAP is betting will become the intelligent enterprise.
More on blockchain:
- Survey: Most professionals don't have experience using blockchain, but many see its potential
- Free PDF download: How Blockchain Will Disrupt Business
- The blockchain explained for non-engineers
- 10 ways the enterprise could put blockchain to work
- How using blockchain in the supply chain could democratize innovation itself
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