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.
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Morpheus.Network Brand Protection Available on SAP Store
Morpheus.Network has annouced that its Brand Protection solution is now available on the SAP Store. The solution seamlessly connects with S/4HANA Cloud ERP and provides customers with authenticated product traceability and uses blockchain technology to create a transparent and efficient platform that automates global supply chain processes. It leverages both public and permissioned blockchains, and…
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SAP and the Industrial Internet of Things (IIoT)
“I learn best by doing.” I made this claim to our Chief Research Officer, Riz Ahmed, on my first day as the new Vice President of Research at SAPinsider last week. Ten days later, I find myself writing my first blog post after already having written a full benchmark report. Keep an eye out for…
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SAP and the Circular Economy
Most organizations today are somewhere along the journey toward becoming a digital business, with meeting high expectations for the customer experience a central driver. One of the keys to creating an exceptional experience is the ability to access data in back-end systems in real time, which means that robust integration is critical. This article introduces…
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How SAP Uses Emerging Technologies to Help Its Customers Realize Their Dreams
Q: You’ve had a lot of roles within SAP. Could you tell us a little bit about your path to your current role within SAP? A: I have always been curious and wanted to understand how companies run. And what better way to do that than to join the world’s largest enterprise software provider and…
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Future-proofing Your Business with Avvale
Cloud-based ERP systems offer significant advantages over traditional ERP systems by providing flexibility, scalability, and broad user access, which are essential for supporting growth. These systems integrate various business processes on a single platform, improving communication and data flow across departments. This integration fosters better coordination and informed decision-making while ensuring seamless data exchange with…
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Important Trends That Will Shape the Public Sector in Today’s Digital and Data-Driven World
By Brianna Shipley, Senior Editor, SAPinsider There has been much talk about how the COVID-19 pandemic has and continues to impact businesses. But what about its effects on the government? In the words of Bob Conlin, Vice President of Sales, Public Services at SAP Canada, “This has led us all into unchartered territory where ‘big…
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Presenting SAP Leonardo as a System of Innovation
SAP Leonardo burst on the scene as an Internet of Things (IoT) platform — but it has become much more. In this exclusive interview with SAPinsider, SAP’s Thomas Ohnemus, Vice President of Solution Marketing, IoT and Digital Supply Chain, and Richard Howells, Vice President, IoT and Digital Supply Chain, discuss how SAP Leonardo now represents…
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The New Age Supply Chain
By Shashi Jina, Research Director, SAPinsider The New Age Supply Chain: Sustainability and Resource Optimization With an evolving and volatile global environment, stakeholders are placing greater focus on supply chain risks. Thus, there’s a greater demand to be more resourceful and conscientious of environmental and social needs. The COVID-19 pandemic in 2020 exposed underlying supply…
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Deploying Machine Learning to Build an Intelligent Enterprise
An absence of strategy trails only domain expertise as the reason why many companies have yet to adopt artificial intelligence and machine learning. Companies are challenged with how to apply these and other breakthrough technologies for business value. This article details several examples of how organizations can deploy machine learning today, and how SAP S/4HANA…
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SAP S/4HANA and Microsoft Azure
On October 21, 2019, SAP announced Microsoft Azure as the key cloud platform for SAP S/4HANA. Building on the “Embrace” project SAP announced at SAPPHIRE NOW in May 2019, this new cloud partnership between SAP and Microsoft focuses on creating industry-specific bundles to simplify migration to SAP S/4HANA on Azure, creating a joint sales and…
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