SAP Blockchain Initiative Expands to 27 Members
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.
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