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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
Monday, August 1, 2016 - 05:50
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About 50,000 businesses run SAP's financial and operations planning software, which is so ingrained that companies design manufacturing, delivery and accounting processes around it.

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,