SAP announced the expansion of its SAP Leonardo Blockchain technologies, which create immediate business value for customers.
Recently, analyst firm Gartner published a study stating that “the enterprise shows little interest in blockchain.” Though the future is far more promising, the reasons mentioned for companies hesitating now are quite interesting. According to the survey, the challenges are:
- A lack of skills to help in the implementation of blockchain projects
- Accommodation of growth in resources as blockchain developments grow
- Blockchain solutions require radical changes to the structure of IT departments
Companies do not need to fear any of these challenges with SAP as the partner of choice to conveniently explore, integrate, and scale blockchain.
SAP Cloud Platform Blockchain is a new blockchain as a service enabling enterprises to easily build and extend business solutions with blockchain technologies, such as Hyperledger Fabric and MultiChain. About 65 companies participate in the SAP blockchain co-innovation initiative to help customers use manufacturing and supply-chain products augmented by blockchain to enhance transparency, safety and collaboration in industries such as transportation, food, and pharmaceuticals. To ensure quality, U.S. sausage maker Johnsonville LLC is using blockchain to trace the origin of products across the supply chain.