WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Friday, January 19, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email


SAP Blockchain Initiative Expands to 27 Members
Tuesday, November 14, 2017

- Initiative aims to include blockchain into IoT, manufacturing and digital supply-chain solutions

BARCELONA, Spain, Nov. 14, 2017 /PRNewswire/ -- SAP SE (NYSE: SAP) said today that 27 customers and partners, with a total market value of $819 billion,* have joined SAP's blockchain co-innovation initiative. The initiative seeks to integrate the digital ledger system into Internet of Things (IoT), manufacturing and digital supply-chain solutions using the SAP® Cloud Platform Blockchain service. The announcement was made at SAP TechEd Barcelona, taking place Nov. 14-16.

Participating companies span the globe and represent the consumer products, telecom, retail, pharmaceuticals, logistics, agriculture, high-tech, aerospace and defense, industrial machinery, energy and utilities, and public services industries. This breadth signals the potential broad adoption of blockchain technology.

"At Deutsche Telekom, we see a big potential for blockchain technology in the telecommunication business," said Hartmut Mueller, SVP Business Solutions, Deutsche Telekom IT. "Our cooperation with SAP will speed up digitalization to the benefit of our customers."

SAP also said that it will join Spain's Alastria Consortium and the Blockchain in Trucking Alliance (BiTA) to expand the adoption of blockchain to customers in a wide range of industries and geographies. Participation in Alastria, which brings together banks, telecom providers, energy companies, universities, smart-city organizations and developers, will allow SAP to strengthen its blockchain ecosystem and network in Europe. As a member of BiTA, an organization promoting the development of blockchain standards and education, SAP will expand its reach in freight and transportation management.

SAP is co-innovating with customers and partners to establish use cases for blockchain that can be standardized to enable wide adoption in digital supply chain solutions built around SAP Leonardo IoT capabilities, including:

    --  SAP Asset Intelligence Network - A cloud-based business network and
        global registry of equipment providing a digitalization platform for
        original equipment manufacturers (OEMs) used to share asset information
        with operators and service providers to improve service targets and
        increase asset uptime. Blockchain will be explored to further increase
        the trust level across multiple business partners for collaborative
        asset management processes, such as audits or asset tracking and
        provenance.
    --  SAP Distributed Manufacturing - A network-based application providing a
        private and secure platform to enable customers to benefit from
        customized manufacturing and collaborative manufacturing with suppliers
        (for example, 3D printing service suppliers, material providers, OEMs
        and technical certification companies).  Blockchain will be evaluated to
        streamline the collaborative manufacturing process.
    --  SAP Transportation Management - A world-leading application for all
        transportation modes and industries, which is driving a blockchain case
        for international trade. Sellers, buyers, banks and authorities would be
        able to share, review and sign documents electronically, track process
        statuses and hand over ownership of the e-bill of lading. A secure
        container release process will be evaluated to reduce frauds and stolen
        freight.
    --  SAP Global Track and Trace - A cloud-based solution for unified,
        end-to-end tracking, monitoring and reporting of objects and business
        processes across supply chain networks. Blockchain technology will be
        explored to help make sensitive tracking information immutable and
        tamper-proof. Information can be positively traced back to the author,
        building the basis for fully automated payment and settlement processes.
    --  SAP Advanced Track and Trace for Pharmaceuticals - An application to
        enable pharmaceutical supply chain members to comply with global
        antidrug counterfeit regulations and to facilitate collaboration between
        supply chain partners in conjunction with SAP Information Collaboration
        Hub for Life Sciences. Combined with these offerings, blockchain
        technology will be evaluated to address requirements for sellable
        returns verification according to U.S. legislation.

"Benjamin Moore & Co. is interested in exploring blockchain technology to streamline operations and improve efficiencies throughout our supply chain," said Joe Peraino, director -- Center of Excellence, Benjamin Moore & Co. "Our company is particularly eager to explore possibilities with transportation management and simplify the complexities that exist in today's paper-based systems. This type of digital innovation helps Benjamin Moore & Co. deliver on one of our strategic goals -- ease of doing business."

Dr. Tanja Rueckert, president of IoT & Digital Supply Chain, SAP, said: "Our customers and partners are eager to join SAP in embracing blockchain as a distributed ledger that can increase transparency and collaboration. We are equally eager to co-innovate with the world's leading companies to reimagine a future where blockchain is woven into the fabric of the digital value chain."

For more information, visit the SAP News Center. Follow SAP Leonardo IoT capabilities on Twitter at @SAPLeonardo and follow SAP at @sapnews.

*Value estimated based on market capitalization.

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 365,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

© 2017 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Jim Dever, SAP, +1 (610) 661-2161, james.dever@sap.com, PST
Kathrin Eiermann, SAP, +49 6227 767029, simone.kathrin.eiermann@sap.com, CET
Hilmar Schepp, SAP, +49 6227 746799, hilmar.schepp@sap.com, CET
SAP News Center press room; press@sap.com
Kyle Tildsley, PAN Communications, +1 (617) 502-4300, sapsc@pancomm.com, EST

View original content with multimedia:http://www.prnewswire.com/news-releases/sap-blockchain-initiative-expands-to-27-members-300555192.html

SOURCE SAP SE



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav itelligence Receives SAP® North America Partner Excellence Award 2018 for SAP Platform Solutions | Jan 19, 2018
Nav Up and Running Software Helps Passare Revolutionize the Funeral Planning Experience | Jan 19, 2018
Nav Yocale Partners With Google To Launch 'Reserve With Google' For Service Based Businesses In Canada | Jan 19, 2018
Nav Government of Canada exploring the potential of Blockchain technology | Jan 19, 2018
Nav Cryptocurrency Market Rebounds After Sell Off | Jan 19, 2018
Nav Hexagon Safety & Infrastructure to Feature Network Model Management Solutions at DistribuTECH | Jan 19, 2018
Nav Smart Speaker Market to Grow at 34.44% CAGR to 2023 | Jan 19, 2018
Nav Sitecore Recognized as a Leader in 2018 Gartner Magic Quadrant for Digital Experience Platforms | Jan 19, 2018
Nav India Automated Fare Collection Systems Market 2014-2024F: Market is Projected to Grow at a CAGR of Over 18% | Jan 19, 2018
Nav Global Smart Meter Data Management Market Expected to Reach $1,896.3 Million by 2023 - Allied Market Research | Jan 19, 2018
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News