German Enterprise Software Giant SAP Joins Hyperledger

SAP will use blockchain technology for digital object representations or collaborative transaction execution.

Hyperledger, a collaboration creating an enterprise grade, open source blockchain framework and code base, has been joined by newest premier member SAP (NYSE: SAP). As part of SAP’s premier membership, Dominik Heere, Vice President, Innovation Engineering, SAP Innovation Center Network, will represent the company on the Hyperledger Governing Board.

Brian Behlendorf

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

“Having support from an enterprise software and cloud leader like SAP is an important step in the right direction,” said Brian Behlendorf, Executive Director, Hyperledger. “The diversity of our members is a real strength, as we look to advance open blockchain technology POCs, pilots and production deployments across many industries this year. I couldn’t be happier to see the level of collaboration and progress that is happening among our community right now.”

Suggested articles

KVB PRIME Gains Key UK Influence by Sponsoring Major Finance ConferenceGo to article >>

SAP explains that it plans to utilize blockchain in existing and new business scenarios for enterprises. The company will implement blockchain across its portfolio including the SAP Ariba network to enable use cases like provenance scenarios, digital object representations or collaborative transaction execution.

“We believe blockchain is a transformative technology for enterprise businesses. We are committed to advancing its adoption via the creation of new standards, use cases, platforms and open applications,” said Juergen Mueller, Chief Innovation Officer, SAP. “In joining Hyperledger, we plan to share our expertise and knowledge to help bring open distributed ledger technology to all businesses.”

Got a news tip? Let Us Know