SAP introduces a cloud blockchain

Verified
5 months ago
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At the annual conference SAPPHIRE NOW, SAP unveiled new products and services based on AI and other innovative technologies and made an announcement concerning its work on distributed ledger. Among their new products there was the SAP Cloud Platform Blockchain, so-called a new “blockchain-as-a-service” for enterprises:

“This blockchain-as-a-service (BaaS) provides the easiest, lowest-risk gateway to experimenting with distributed ledger technology in the cloud. Eliminate the need for a large upfront capital investment and fast-track blockchain implementation across your business.”

Germany-based SAP is a leading provider of software and enterprise resource planning (ERP) systems, with over 335,000 clients all over the world. SAP systems and services are used by 87 percent of global businesses and 98 percent of the top-100 most valued brands.