Starting with Windows Server 2012 Microsoft introduced a new file system called ReFs:
In the beginning, ReFs contained only a subset of functions from the older, well-known and proven NTFS. This changed with Windows Server 2012 R2.
Today, it’s the recommended file system you should use for SAP operations.
The benefits can be found in many articles from Microsoft regarding ReFs. This here lists the advantages and the disadvantages:
If you want to use ReFs with a database, look for information if the vendor supports ReFs to store data and log files on a ReFs volume.
If you want to store SAP software on an volume, you should use ReFs for Windows Server 2012 R2 or higher. See SAP note 1869038.
If you use third-party applications like antivirus solutions, backup tools, server management tools, etc. make sure to check and test if these applications fully support ReFs!