Business software and cloud services giant invests in open blockchain project to advance enterprise-grade distributed ledger technology
SAN FRANCISCO, CA – (March 22, 2017) – Hyperledger, a collaborative cross-industry effort created to advance blockchain technology, announced today that SAP SE (NYSE: SAP) has joined as a Premier member. As part of SAP’s Premier membership, Dominik Heere, Vice President, Innovation Engineering, SAP Innovation Center Network, will represent the company on the Hyperledger Governing Board.
“Having support from an enterprise software and cloud leader like SAP is an important step in the right direction,” said Brian Behlendorf, Executive Director, Hyperledger. “The diversity of our members is a real strength, as we look to advance open blockchain technology POCs, pilots and production deployments across many industries this year. I couldn’t be happier to see the level of collaboration and progress that is happening among our community right now.”
SAP plans to utilize blockchain in existing and new business scenarios for enterprises. The company will implement blockchain across its portfolio including the SAP Ariba network to enable use cases like provenance scenarios, digital object representations or collaborative transaction execution.
“We believe blockchain is a transformative technology for enterprise businesses. We are committed to advancing its adoption via the creation of new standards, use cases, platforms and open applications,” said Juergen Mueller, Chief Innovation Officer, SAP. “In joining Hyperledger, we plan to share our expertise and knowledge to help bring open distributed ledger technology to all businesses.”
Hyperledger aims to create common distributed ledger technology that enables organizations to build and run robust, industry-specific applications, platforms and hardware systems to support their individual business transactions. The project has grown to more than 122 members since its inception, spanning various industries including finance, healthcare, the Internet of Things, credit card services and aeronautics, among several others.
To see a full list of member companies, visit: https://www.hyperledger.org/about/members. If you’re interested in joining Hyperledger as a member company, please visit: https://www.hyperledger.org/about/join
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 345,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
About Hyperledger
Hyperledger is an open source collaborative effort created to advance blockchain technology by addressing important features for a cross-industry open standard for distributed ledgers. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger as a Collaborative Project under the foundation. To learn more, visit: https://www.hyperledger.org/.