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SAP unveils blockchain service in the cloud

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A new Blockchain-as-a-Service (BaaS) product has been launched by SAP at its annual Sapphire event in Orlando, U.S.

According to a statement released on Tuesday the “ready-to-use blockchain technology” will sit in the SAP Cloud. This means that any clients can access it remotely from anywhere, as you would with hotmail or similar cloud computing based services that are not reliant upon expensive to install ‘on premise’ technology or software owned by the end user. A fee is paid to access the cloud-based service run by a third party such as SAP.

The offering is part of the new SAP Leonardo product line, also launched at this year’s Sapphire end user conference. The blockchain element is based on the Hyperledger open source blockchain platform, using its standards and protocols. SAP joined Hyperledger as a premier member early in 2017.

 The vendor describes SAP Leonardo as a “comprehensive digital innovation system” because it includes the blockchain cloud service element alongside other emerging technologies such as machine learning, the internet of things (IoT) and so on – all of which are integrated into the “one ecosystem”.

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