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SAP : Blockchain and Distributed Ledger Technology


Blockchain – aka “distributed ledger technology” – has the potential to transform how businesses transact in every industry.






It’s near the top of Gartner’s Hype Cycle and it’s on all major lists of technology trends to watch. So, what is blockchain exactly? How does it work? And how is SAP approaching blockchain for business?

Blockchain explained from an enterprise perspective

Every business is based on transactions. But these transactions are often routed through third-party intermediaries like banks, lawyers, and brokers – which can make processing time-consuming and expensive. Blockchain technology has the potential to reduce the role of middlemen, dramatically speeding up multi-participant transactions and lowering costs, while ensuring all parties are protected. People, businesses, machines, and algorithms would be free to transact and communicate with one another in a frictionless way. This is the promise of blockchain.

But the blockchain revolution is not here quite yet. There are barriers to adoption (like governance and organizational issues) and the technology is still being explored and validated. Although some industries have started experimenting with blockchain and distributed ledgers, mainstream adoption might still be a few years away. Nevertheless, the potential impact this technology can have on the business world is exciting – and immense.

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Friday, May 19th 2017
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