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Germany's SAP takes on blockchain challenge by building on it

Firm writing software for customers to connect blockchains to its Hana Cloud Platform, despite the tech's potential to supplant some SAP products

Published Sun, Jul 31, 2016 · 09:50 PM
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Frankfurt

NEARLY 400 miles (644km) from its German headquarters, in the computer-science hotbed of Potsdam, SAP SE's engineers are trying to head off the latest challenge to its software empire: the blockchain.

The World Economic Forum (WEF) has identified blockchain technology, which underpins the virtual currency bitcoin, as one of six computing "mega-trends" shaping society in the coming decade. In a paper issued last year, the WEF estimated 10 per cent of global GDP could be stored in blockchains by 2027.

Companies including Deloitte LLP, JPMorgan Chase & Co and Toyota Motor Cor…

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