SAP Blockchain


What is Blockchain?

Blockchain is an open, decentralized database of transactions. These transactions may pertain to financial transactions or transactions related to goods or services and types. The fundamental underlying idea is that every transaction is validated by everyone who is part of the network. Each knot or node in the blockchain system is tied to the one before it. If a swatch or transaction is missing, it would be noticed.

What is SAP Leonardo Blockchain?

With blockchain, SAP has the potential to help customers solve problems in multiple industries, with solutions such as the SAP Leonardo Blockchain service. The SAP Leonardo Blockchain is connected to the SAP Cloud Platform on top of SAP HANA and SAP Vora. It integrates a blockchain system with the Internet of Things and machine learning on a single platform. What this means for users is that they can add it to their existing systems to address issues such as fraud detection, improved inventory and supply system tracking and management, and improved storage of products.

What is Blockchain?

Blockchain is an open, decentralized database of transactions. These transactions may pertain to financial transactions or transactions related to goods or services and types. The fundamental underlying idea is that every transaction is validated by everyone who is part of the network. Each knot or node in the blockchain system is tied to the one before it. If a swatch or transaction is missing, it would be noticed.

What is SAP Leonardo Blockchain?

With blockchain, SAP has the potential to help customers solve problems in multiple industries, with solutions such as the SAP Leonardo Blockchain service. The SAP Leonardo Blockchain is connected to the SAP Cloud Platform on top of SAP HANA and SAP Vora. It integrates a blockchain system with the Internet of Things and machine learning on a single platform. What this means for users is that they can add it to their existing systems to address issues such as fraud detection, improved inventory and supply system tracking and management, and improved storage of products.

Traceability Solution

Quality reporting for legal or on-demand reasons is a lengthy and costly process. Quality managers spend a lot of time generating quality reports for specific parts, either by engaging in several lines of communication with various suppliers or by accepting lengthy processes on the supplier side. Suppliers need to report parts traceability data either manually or by filling in information in several OEM-specific systems. By using blockchain, a single source of truth can connect buyers and suppliers — a common data model for parts traceability for immediate update/flagging of problematic parts.

Key Consideration for SAPinsiders

Blockchain is not just another emerging technology but a powerful tool that, when leveraged prudently, can transform the way businesses operate. There are multiple ways to infuse blockchain-enabled capabilities in your business. Some key areas that SAPinsiders should explore are:

Streamline and simplify your business processes: Many business processes within your organization may be multiparty. Such complex multiparty processes can be streamlined and simplified with distributed ledgers.

Address business needs: Leveraging blockchain ecosystems can help address challenges like visibility and control in regulated industries like food and pharmaceuticals. Similar needs can be addressed in other industries like retail and finance.

Drive Innovation: Blockchain can be combined with other emerging or established technologies to create new products, services, or new operating models altogether.

 

7 results

  1. Web3.0 Inventory Management

    Web3.0 and Inventory Management

    Published: 02/August/2021

    Reading time: 6 mins

    While Web3.0 may take time to mature enough to replace Web2.0 if an end-to-end supply chain can develop an internal network based on the underlying principles of Web3.0 defined above, it can address the following challenges of inventory management (illustrative examples, not exhaustive): Information transparency: The decentralization of information between entities will help build trust…
  2. Improved Interoperability Boosts Benefits of SAP Cloud Platform Blockchain Service

    Published: 22/October/2019

    Reading time: 3 mins

    Over the past couple years, SAP has made significant investments in a technology that many in its ecosystem still do not understand, but some partners have made similar bets. Joint customers of SAP and Microsoft will benefit from increased flexibility to construct and implement blockchain solutions leveraging SAP Cloud Platform Blockchain service on Microsoft Azure’s…
  3. Microsoft, SAP Announce Interoperability of Azure Blockchain Service and SAP Cloud Platform Blockchain Service

    Published: 25/September/2019

    Reading time: 4 mins

    SAP and Microsoft announced a blockchain technology partnership at SAP TechEd 2019 in Las Vegas. Joint customers of the two companies will benefit from increased flexibility to construct and implement blockchain solutions leveraging SAP Cloud Platform Blockchain service on Microsoft Azure’s cloud infrastructure and linked with the Azure Blockchain Service. Here, we share some of…
  4. 3 Use Cases for Blockchain in the Supply Chain

    Published: 31/January/2019

    Reading time: 3 mins

    As companies evolve in the digital era, so too are their supply chain challenges. In many cases this means digitization of outdated processes, and blockchain technology is a key driver to facilitate digital transformation in the supply chain. As an immutable, distributed ledger, blockchain offers unprecedented levels of security and helps forge more trusting relationships…
  5. Why Your Supply Chain Needs Blockchain: Understanding the Technology and Its Link to Supply Chain Networks

    Published: 03/January/2018

    Reading time: 3 mins

     Understand the impact blockchain can have on your supply chain.
  6. From Transactions to Data Management, the Blockchain Can Have a Huge Impact in Establishing Smarter Cities

    Published: 07/September/2017

    Reading time: 4 mins

    The blockchain has made a big impact on financial industries, but it can also have a positive effect on data and transactions across smart cities.
  7. What Blockchain Means for the Future of Work

    Published: 22/August/2017

    Reading time: 6 mins

    Blockchain is the next evolution of recordkeeping, perhaps the most significant since the eighth millennium BC.