SAP Adds 27 Members to Blockchain Innovation Program

SAP, a major German software company, has announced the addition of 27 new members to its collaborative blockchain program.

Announced today during the SAP TechEd event in Barcelona, Spain, the latest members of the initiative span a range of industries including telecoms, retail, pharmaceuticals, logistics, public services, and more, according to a press release.

Described by SAP as a “blockchain co-innovation initiative,” the group was set up to encourage collaboration on developing distributed business processes using peer-to-peer networks. SAP said the group is working to integrate blockchain into “internet of things,” supply chains and manufacturing with the help of the SAP Cloud Platform Blockchain.

According to Joe Peraino from U.S. manufacturer Benjamin Moore & Co – one of the group’s new members alongside Deutsche Telekom – his company is keen to explore blockchain’s potential in streamlining operations across its supply chain.

Peraino stated:

“Our company is particularly eager to explore possibilities with transportation management and simplify the complexities that exist in today’s paper-based systems.”

SAP further announced that it will join Spain’s Alastria consortium (formerly called Red Lyra), as well as the Blockchain in Trucking Alliance (BiTA) in a move aimed to boost the adoption of blockchain tech among its customers.

The company said participating in Alastria will “strengthen” its blockchain ecosystem and network across Europe. Membership of BiTa, it added, will help broaden its services in freight and transportation management.

SAP image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Comments

comments

Filed in: Bitcoin Buzz Tags: ,

You might like:

Bitcoin Price Reaches New Record High Close to $8,100 Bitcoin Price Reaches New Record High Close to $8,100
Survey: Institutional Traders Are Split on Bitcoin's Price, Wary of ICOs Survey: Institutional Traders Are Split on Bitcoin's Price, Wary of ICOs
FUD From All Sides: In Defense of CME's Bitcoin Futures Plan FUD From All Sides: In Defense of CME's Bitcoin Futures Plan
Bitcoin's Price Climbs Above $8,100 to Hit New All-Time High Bitcoin's Price Climbs Above $8,100 to Hit New All-Time High
The Gentrification of ICOs Is Underway The Gentrification of ICOs Is Underway
Even Investors with Access Want ICO Presale Reform Even Investors with Access Want ICO Presale Reform
Millions Gone? Broker Takes Fire for Bitcoin Cash Freeze Millions Gone? Broker Takes Fire for Bitcoin Cash Freeze
First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000 First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000
© 2017 Virtual Mining Bitcoin News. All rights reserved. XHTML / CSS Valid.