The multi country giant software company SAP has recently unveiled its latest project – a cloud platform computing system to be used strictly for helping corporations develop new blockchain technologies.
The announcement was made during a SAP event Wednesday, the Cloud Based Platform has the goal of giving the users new angles in their business enterprise frameworks. This essentially means they will be able to develop new applications specifically set to their needs, with the aim of increasing business efficiency. Such system already developed include Hyperledger Fabric, the new blockchain technology platform that was launched earlier by the Linux Foundation. SAP also is a contributor to the foundation as well.
SAP recently made the announcement that the work was being officially done after they worked alongside more than sixty-five other companies in the blockchain sector. The co-innovations that rolled out recently, have already gone through trial stages in several different industries like the supply chain, manufacturing, transportation, food and pharmaceuticals.
Prior to this writing, CoinDesk made a report on the company’s work being done with the U.S. sausage company Johnsonville, also with that of Maple Leaf and Naturipe Farms. The project is considered the pilot to several upcoming for the purpose of tracking the origin of food products across entire supply chain networks. It’s a bold step being taken by the Farm to Consumer Initiative.
Along with that, the co-program, SAP has also made the announcement of, is the forming of a blockchain consortium, including members of which are entitled to use new technologies developed by the new group. Some of the more notable companies in the consortium include HP Enterprise and UPS.
The work marks SAP as the latest and greatest tech giant to unveil a new software platform designed solely for blockchain applications & development. All of this directly follows similar work completed by Microsoft, IBM, Baidu of China and Tencent.