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:

Texas Hits Another Crypto Lending Platform with Cease-and-Desist Texas Hits Another Crypto Lending Platform with Cease-and-Desist
Korean Exchange Halts Trading Over KYC Concerns Korean Exchange Halts Trading Over KYC Concerns
Startup Raises $20 Million to Build 'YouTube on the Blockchain' Startup Raises $20 Million to Build 'YouTube on the Blockchain'
US Commodities Regulator Warns on Crypto Retirement Scams US Commodities Regulator Warns on Crypto Retirement Scams
7 Tough Legal Lessons for Crypto Entrepreneurs 7 Tough Legal Lessons for Crypto Entrepreneurs
Bitcoin's Price Dips Below $7K As Crypto Selloff Continues Bitcoin's Price Dips Below $7K As Crypto Selloff Continues
South Korea: North Korea Stole Millions From Crypto Exchanges Last Year South Korea: North Korea Stole Millions From Crypto Exchanges Last Year
The 'Dean of Blockchain Lawyers' Just Got a New Job The 'Dean of Blockchain Lawyers' Just Got a New Job
© 2018 Virtual Mining Bitcoin News. All rights reserved. XHTML / CSS Valid.