As the fourth largest software producer worldwide, the company also deals with blockchain technology. BTC-ECHO visited the SAP Innovation Center Potsdam and talked to Jan Schaffner and Torsten Zube about current blockchain projects.
SAP is known for its database applications in industry and Bitcoin profit
Lake Jungfernsee is primarily known to Berliners as a destination for excursions and because of the beautiful lakeside path. There, on the outskirts of Potsdam, however, is a location of the SAP Innovation Center Network. Globally, there are eleven of these Bitcoin profit innovation centres. SAP’s goal is to enable employees within this network to pursue innovative Bitcoin profit ideas beyond their day-to-day business. You can imagine the SAP Innovation Center Network as a protected environment within the corporate structure, where the flexibility of a start-up meets the backbone of a large enterprise.
In 2016, BTC-ECHO had reported on blockchain projects developed in the company during an interview with Raimund Gross of SAP. Jan Schaffner, head of the SAP Innovation Center Network, and Torsten Zube, head of the Blockchain division at SAP, presented the more recent SAP Blockchain-based projects following on from the interview at the time.
Torsten Zube can actually say that he finds Blockchain interesting “primarily because of the technology. At lunch, he makes it clear that he has not invested in crypto currency. Not because he would find crypto currencies bad – his focus is on the importance of technology for business processes.
SAP – Consortium Blockchain Solutions for Bitcoin profit
And this attitude makes sense: As a provider of enterprise applications, SAP has focused on the aspect of Bitcoin profit as-a-service, among other things: Is Bitcoin Profit a Scam? Read This Review Before You Sign Up! As a result, the company has hardly implemented any solutions on public blockchains up to now, but now has various use cases on syndicated blockchains.
The company currently uses Hyperledger and Multichain as platforms – further protocols are to follow. Special attention is paid to Hyperledger. Since this platform is flexible and Smart-Contract-capable, even complex projects can be implemented. Regarding Hyperledger, SAP representatives regularly visit the Hyperledger Meetups and are premier members of the Hyperledger Consortium to advance the technology with other industry representatives.
From Pharmaceuticals to Ad-Hoc Help Networks – SAP’s Range of Blockchain Use Cases
In the interview, Torsten Zube and Jan Schaffner emphasized that SAP is not just experimenting internally with ideas. Some of these ideas have already emerged from the concept phase or, in the case of electronic administration in Bolzano, are already active.
In the meantime, the company has developed further products: For example, the standard product SAP Advanced Track and Trace for Pharmaceuticals has been expanded to include a blockchain-based solution for the unique identification and verification of products in the pharmaceutical industry. With this solution, pharmacists can clearly determine whether a returned product is the original product and drug manufacturers and sellers can ensure that the products are counterfeit-proof against customers. Such solutions are particularly important in America, where the Drug Supply Chain Security Act requires products to be tracked using barcodes.
The management of the resulting decentralized supply network runs via a blockchain. Such solutions are important to help disaster victims quickly and efficiently while ensuring full transparency and traceability for all parties.
E-procurement is another topic where the blockchain is considered as a solution element. Tenders should guarantee a fair bidding process in favour of free competition. An example of activities that inhibit fair competition would be if the purchasing department prefers a candidate for personal reasons or passes on details from the competitor’s bids to him. In order to prevent this, a blockchain can prevent falsification, unauthorized data access and unauthorized new submissions of corrected offers by its decentralized nature.
The possibilities of blockchain technology and SAP’s work in this area are illustrated by a plastic model structure that provides a blockchain-based electronic management of