SAP Cloud Platform Blockchain to Lure Potential Cloud Customers

Recently the software giant SAP created a partner consortium comprising seven major enterprises, including Intel, Hewlett Packard Enterprise Co. (HPE), UPS and A3 by Airbus SE, to facilitate its global supply chain platform.

The idea is to build applications for a cloud-based blockchain platform to track goods for the entire length of time from production to shipment as part of an integrated automated supply chain system.

Recently the software giant SAP created a partner consortium comprising seven major enterprises, including Intel, Hewlett Packard Enterprise Co. (HPE), UPS and A3 by Airbus SE, to facilitate its global supply chain platform.

The idea is to build applications for a cloud-based blockchain platform to track goods for the entire length of time from production to shipment as part of an integrated automated supply chain system.

SAP surveys revealed a 92% business opportunity in potential cloud customers using its blockchain ledger; 63% potential lay in supply chain. IoT tops the chart as the most promising technology in this context.

SAP is all set to pilot its SAP Cloud Platform Blockchain with farm-to-consumer produce suppliers such as Maple Leaf Foods, Johnsonville, Naturipe Farms, Tate & Lyle and Natura.

According to Hala Zeine, the president of SAP’s Supply Chain and Manufacturing group, SAP customers who use its Cloud Platform could pilot the blockchain ledger that runs on it. The platform will enable customers to use APIs for connecting the blockchain network to other applications, for instance SAP HANA.

Modum, a tracking software that is also a start-up vendor of IoT sensors and SAP’s customer, has been working towards the creation of SAP Innovation Center Network to collate sensor data with SAP’s cloud blockchain service.

Packages in transit could be checked for their temperature, humidity, vibration and light exposure via Modum’s sensors, thus enabling customers to follow safety regulations or quality requirements. The sensors in the package could be synchronized with an app for the data to be uploaded to a blockchain ledger; here smart contract technology will automatically mark the determinants for safe shipment on the IoT device.

Marc Degen, the co-founder of Modum, said “All the temperature data is read out and uploaded to the cloud and evaluated in a smart contract in the blockchain…[by] the sender, the receiver and the logistics company.”

Blockchain has become the next big thing with many companies now opting for it to improve workflow.

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