German Enterprise Software Giant SAP Joins Hyperledger

Friday, 24/03/2017 | 09:04 GMT by Avi Mizrahi
  • SAP will use blockchain technology for digital object representations or collaborative transaction execution.
German Enterprise Software Giant SAP Joins Hyperledger
SAP headquarters in Walldorf, Germany (Reuters)

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

“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.”

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.”

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

“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.”

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.”

About the Author: Avi Mizrahi
Avi Mizrahi
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About the Author: Avi Mizrahi
Azi Mizrahi, expert in fintech trends and global markets, enriches readers with deep insights.
  • 2727 Articles
  • 10 Followers

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