Blockchain

The Blockchain Is Changing the Financial Market

Modern technologies have made the financial market highly efficient and fast. Nevertheless, it is not devoid of shortcomings, and its fundamental principles remain, in fact, the same as several centuries ago. The model that the securities market uses today in order to manage transactions and control the transfer of property rights still has many similarities to the original, formed as early as the 17th century. Blockchain technology implies a fundamentally …

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Challenges to adoption of Blockchain in the Enterprise

On one occasion, after I had finished a demo on Hyperledger, a guy from the audience walked up to me and asked (I am paraphrasing), “you are saying that, in an ideal Blockchain (consortium) network, every participant in the value chain, should be on-boarded; and you want us to first pay for the entire solution and then go from door to door asking everyone to use it?” Of course, there …

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A Critical Examination of Blockchain Technology in an Enterprise Context

I just started my career at SAP but have had extensive exposure to various emerging technologies in my university career and see a desire within SAP and it’s customers to better understand these technologies and how they might be optimally implemented. To that end, I hope this blog post can bring some clarity into the complex world of blockchain.   Putting aside all the hype surrounding blockchains or distributed ledgers, …

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Challenges to adoption of Blockchain in the Enterprise

On one occasion, after I had finished a demo on Hyperledger, a guy from the audience walked up to me and asked (I am paraphrasing), “you are saying that, in an ideal Blockchain (consortium) network, every participant in the value chain, should be on-boarded; and you want us to first pay for the entire solution and then go from door to door asking everyone to use it?” Of course, there …

Read More »

A Critical Examination of Blockchain Technology in an Enterprise Context

I just started my career at SAP but have had extensive exposure to various emerging technologies in my university career and see a desire within SAP and it’s customers to better understand these technologies and how they might be optimally implemented. To that end, I hope this blog post can bring some clarity into the complex world of blockchain.   Putting aside all the hype surrounding blockchains or distributed ledgers, …

Read More »

SAP Next-Gen Lab Opens at University of Illinois Chicago

On Thursday November 16th, we officially opened SAP’s newest Next-Gen Lab at the University of Illinois Chicago. After welcoming our guests and celebrating an official ribbon cutting, we featured an initial lab Boot Camp on the exponential technology of Block Chain. We had a large group of business professionals, entrepreneurs, faculty and students join us for a terrific day. This initial event showcased the key themes of SAP Next-Gen Innovation …

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Blockchain: Digital Transformation’s ‘Cinderella’ Steps Out

Among the technologies and processes most closely associated with digital disruption and transformation, blockchain stands out as being both the least understood and the one with greatest potential to secure data and transactions that demand trust. Blockchain combines the openness of the internet with the security of cryptography to give consumers and companies a faster way to verify key information and establish trust without the need for third parties and …

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The Basics and Benefits of a Digitized Guarantee Network

  The Guarantee Network or paperless guarantee network can be a simple, streamlined solution for processing guarantees of insurers and banks. Professionals from many industries work with guarantees. However, if certain processes are not followed correctly, the steps involved with creating and accessing them can be complicated and offer opportunities for fraud. Mistakes, or opening the door to fraud, most often occurs when individuals are rushed and mistakes during the …

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Blockchain: Extraordinary Talent or Unmet Expectations?

Blockchain continues to be a topic of interest for the Life Sciences industry that, despite the significant hype, has produced a variety of high value use cases that will only continue to grow in number and maturity. We recently conducted a meeting at our corporate headquarters in Germany with a cross section of some of the largest and most influential Life Sciences companies around Blockchain and the discussions were both …

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Blockchain Basics

Blockchain is one of the top trending topics in 2017. Media tell us that Digital Currencies based on Blockchain e.g. Bitcoin or Ethereum skyrocket. Everyone talks about Blockchain but only a few know what its all about. Even though blockchain seems to be rocket science, the basics are easy to understand. In this blog post I would like to explain the Blockchain Basics. Blockchain is the counterpart to the cloud. …

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