German business SAP is now working with a variety of blockchain technologies, including those that support Bitcoin and Ethereum, to discover how it can work blockchain solutions into its financial and operations planning software. The company has been using the technology for several years in order to help companies manage their supply chains, but this latest partnership will allow them to explore new ways to use it. Applications include sending farmers' rainfall data to insurers in the case of extreme weather conditions, allowing patients to share medical records with doctors or drug makers for a period of time, and allowing global financial transactions to be completed in seconds instead of days. [FRANKFURT] Talking about future areas that SAP could seek to use blockchain, an analyst said that while "SAP won't build the car or the internal electronics, it will enable the interactions" between autos, drivers, and services.
German business SAP is now working with a variety of blockchain technologies, including those that support Bitcoin and Ethereum, to discover how it can work blockchain solutions into its financial and operations planning software. The company has been using the technology for several years in order to help companies manage their supply chains, but this latest partnership will allow them to explore new ways to use it. Applications include sending farmers' rainfall data to insurers in the case of extreme weather conditions, allowing patients to share medical records with doctors or drug makers for a period of time, and allowing global financial transactions to be completed in seconds instead of days. Talking about future areas that SAP could seek to use blockchain, an analyst said that while "SAP won't build the car or the internal electronics, it will enable the interactions" between autos, drivers, and services.