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As most of us know, SAP has recently added block chain into its portfolio of enterprise offerings to help businesses “Run simple”.

Let me write down my thoughts on how block chain can strengthen existing business values offered (and also creating new business values) by SAP to its customers.

How block chain can disrupt the business world? The answer is, by  decentralizing the existing centralized business transactions.

Decentralized business transactions that is safe and quick will help companies accelerate all business processes be it in manufacturing, supply chain, health care, etc.

For businesses, block chain solves lot of hurdles in today’s traditional business transactions where the control and decision making lies in a centralized server which makes the transactions and processes to depend too much for every minor operation.

In the world of IoT (which is another buzzword of this era), block chain can potentially relieve the customers to worry about the security and tampering of data.

 

When the control lies in a decentralized ecosystem of nodes, each of them takes their own responsibilities in maintaining the whole history of transactions, safeguarding them from potential misuse and changes.

SAP’s exclusive cloud offerings (apart from core ERP) such as successfactors, ariba, concur,etc are already ready for seamless integration with the core ERP system to share data. When block chain sneaks into the business processes and transactions, the whole user experience, security challenges and quality of service can be dramatically improved.

Block chain as a service offering  by SAP aims to create intelligent and self-aware applications and solutions on cloud. The Block chain offering is available as part of the Leonardo portfolio which also hosts a wide range of services including IoT, analytics, Big Data, etc enhancing the system of intelligence for any business to quickly adopt to the cutting edge technologies under one roof.

TrueRec:

A trusted digital ledger using block chain which is a digital wallet to store credentials. This would disrupt the way the credentials are exchanged in academic and professional world (like certifications).

SAP, with its strong customer base of over 355000+ and global presence, can leverage block chain to disrupt the world of business transactions enabling customers and partners to adopt different business models and simplify the complexity of existing processes – ensuring the vision of RUN SIMPLE.

 

Related:

My blog on IoT offerings on Leonardo

TrueRec

 

 

 

 

Thanks for your time 🙂

Srivatsan

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  1. Former Member

    Dear Srivatsan,

    How are you doing? It is pleasure to talk with you.

    After a rigorous search, I found an article in SAP community about Block Chain. You mentioned the basic level of Block Chain and Bitcoin. However, I would like to know whether SAP anywhere has implemented SAP Block Chain. If it is so are they using Hyperledger to develop SAP Block Chain as they are integrated with Hyperledger Composer IBM. Also how SAP Block Chain can be integrated with an ERP which means how can standard transactions be made in a Block Chain network and what makes the difference for the end users.

    Recently I have developed a blockchain using Hyperledger Composer and how can we do the same in SAP BAAS. Even in Service Market Place I could not find much related to SAP Block Chain.

     

    Regards,

    Chanukya

     

    (0) 

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