SAP’s move into BaaS technology helps it embrace blockchain as a core of secure transaction-based business. Designed and built off of the Hyperledger open source blockchain platform, SAP’s Cloud portfolio is a strong fit for the peer-to-peer driven technology where the decentralization of data creates high Byzantine fault tolerance (BFT). As supply chains move into ever-increasingly complex states of existence, featuring multiple suppliers, delivery and levels of service, blockchain technology represents an eminent future that both solves the lack of visibility that the chain has endured as well as ensures greater security that is the calling card of blockchain’s open distributed ledger. Companies who recognize that mastery of their supply chain leads to sustainable competitive advantages will increasingly stand to benefit in the understanding and application of blockchain technology, be it through superior tracking of assets, reduction in errors and elimination of fraud and theft.
