Coindesk Logo

Software Giant SAP Launches Blockchain-as-a-Service Platform

Software Giant SAP Launches Blockchain-as-a-Service Platform

Software Giant SAP Launches Blockchain-as-a-Service Platform

SAP is the latest tech giant to have rolled out a technology framework aimed to let enterprise build blockchain-based applications.

SAP is the latest tech giant to have rolled out a technology framework aimed to let enterprise build blockchain-based applications.

SAP is the latest tech giant to have rolled out a technology framework aimed to let enterprise build blockchain-based applications.

AccessTimeIconJun 7, 2018, 9:00 AM
Updated Aug 18, 2021, 9:16 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Multinational enterprise software giant SAP has launched a cloud platform that is dedicated to helping corporates develop blockchain applications.

Announced during an SAP event Wednesday, the cloud-based solution aims to provide enterprises with a framework to build business applications on top of blockchain systems such as Hyperledger Fabric, the blockchain platform launched by the Linux Foundation, of which SAP is also a contributor.

The company said in the announcement that the work is being formally rolled out after it has worked with 65 companies within its Blockchain Co-Innovation Initiative that trialed blockchain applications in various industries such as supply chain, manufacturing, transportation, food and pharmaceuticals.

Earlier last month, CoinDesk reported that the company is working with the U.S. sausage maker Johnsonville, as well as Naturipe Farms and Maple Leaf, to pilot a project that tracks the origin of food products across the supply chain as a part of itsĀ Farm to Consumer initiative.

In addition to its co-innovation program, SAP has also announced it is forming a blockchain consortium, members of which are entitled to use tech developed by the group. Notable firms in the consortium currently include HP Enterprise, Intel and UPS.

The work marks SAP as the latest tech giant that has rolled out a platform for blockchain application development, following similar works done by Microsoft, IBM and China's Baidu and Tencent.

SAP image

via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.