SAP Is The Newest Premium Member Of The Hyperledger Blockchain Consortium

SAP Is The Newest Premium Member Of The Hyperledger Blockchain Consortium

Enterprise software giant SAP has been announced as the newest member of The Hyperledger Project. A consortium of multi-industry organizations led by

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Enterprise software giant SAP has been announced as the newest member of The Hyperledger Project. A consortium of multi-industry organizations led by the Linux Foundation.

SAP has over 90% of the Forbes Global 2000 list of companies on its client list with over 80,000 employees spread over 130 countries. The Hyperledger announcement makes known the company’s plan to implement blockchain solutions in both its present and future business scenarios for enterprises to serve its clients better.

This announcement also confirms SAP’s intent to implement blockchain across its portfolio, joining over 15,000 partners.

SAP’s Chief Innovation Officer, Juergen Mueller believes blockchain to be a transformative technology for enterprising businesses. As a company, he states SAP’s commitment to advance its adoption through the creation of new standards, platforms, open applications and user cases.

Joining the Hyperledger consortium, which presently has over 100 members, will make SAP part of a group including American Express, Daimler Chrysler, maker of the Mercedes Benz, both among the newest premium members.

Premium membership comes at a $250,000 fee yearly where members will have the ability to contribute to developing open-source enterprise blockchains. Another premium feature SAP will enjoy is also having their vice president of innovation engineering at SAP’s innovation Center Network, Dominik Heere, represent the company on the consortium’s board.

Hyperledger’s executive director, Brian Behlendorf, highlighted how important an enterprise software and cloud leader of SAP’s stature joining the consortium was.

He stated that the group’s real strength is in the diversity of their members as they planned to enhance blockchain technology, POCs, production deployments and pilots across multiple industries this year.

The Group’s globally diverse membership indicates significant interest in mainland China, presently constituting over 25% of all Hyperledger members. To carter for the growing Chinese members, the project set up a Technical Working Group China earlier on in the year. The main aim of this was to cultivate closer relationships between global members and the local technical teams in China.

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