Enterprise Software Leader SAP Taps Blockchain to Improve its Products
SAP, a multi-national enterprise resource planning software provider, is writing specialized software to allow customers to connect blockchains to its Hana Cloud Platform, which provides an online database for adding new functions to their SAP systems, according to Bloomberg. Juergen Mueller, chief information officer for the Walldorf, Germany-based company, said the blockchain’s potential for disruption is huge. If SAP does not address it, it would be a huge threat, he said. Around 50,000 businesses run SAP’s financial and operations planning software. Companies design accounting,....
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SAP is venturing into blockchain technology applications. The German multinational company, a market leader in enterprise application software and a legend in the enterprise computing world, announced that it collaborated with digital fintech company Ripple and two banks, ATB Financial in Canada and ReiseBank in Germany, to demonstrate how banks can improve the efficiency of cross-border payments by using blockchain technology. Working with a team at ATB Financial, SAP and Ripple designed and built a proof-of-concept prototype based on blockchain technology. The prototype was used to send....
China's growing interest in blockchain technology spreads to publicly traded companies. A report published by Securities Daily explained how China's publicly-listed companies spend the millions they have allocated toward blockchain R&D. The study surveyed 23 companies in China who began working with blockchain back in 2016. Figures suggest that companies allocate an average 20% of their annual revenues toward such purposes. The majority of these funds are spent to further government-related solutions.The report highlighted that Yuanguang Software, an enterprise software provider, have....
Microsoft has launched another anti-open source software campaign in the last few weeks, targeting prominent Linux and free software companies. They’re attempting to limit open-source development with buy-outs, patent trolling, and charging royalties for products that use Linux. Their recent efforts have them grabbing up patents for open source technology including software developed by Canonical, publishers of the most popular Linux distribution, Ubuntu. Microsoft’s History of Open Source Attacks. This isn’t the first time Microsoft has used this methodology to try and hamper innovation....
Enterprise DeFi adoption is in development, but a number of challenges must be addressed before it’s ready for the mainstream. Decentralized finance is quickly maturing. While the total value locked in DeFi is over $45 billion, financial institutions and large corporations are starting to implement DeFi concepts to automate business processes. This is known as “enterprise DeFi.”For instance, invoices and other financial products can be tokenized to ensure that transactions are valid and should be processed for payment across multiple parties. Coke One North America is one of the first....
A Hungarian company is about to launch an enterprise-class software product designed to make it easy for businesses to create bitcoin-enabled applications. Bits of Proof (BOP) calls the open-source software, "Red Hat for Bitcoin." The BOP Enterprise Bitcoin Server is a redone version of the core software originally designed by Bitcoin creator Satoshi Nakamoto that communicates with other computers on the Bitcoin network. Bits of Proof founder Tamas Blummer has reworked the algorithm using his own code, creating an entirely new version of the software. He then developed a messaging system....