Cybersecurity
Threat of Blockchain Prompts New Strategy for Germany’s SAP
- Software company joins Microsoft, IBM in tackling new e-ledger
- Pilots in farming, banking to further the emerging techology
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Nearly 400 miles 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 has identified blockchain technology, which underpins the virtual currency bitcoin, as one of six computing “mega-trends” shaping society in the coming decade. In a paper issued last year, the WEF estimated 10 percent of global GDP could be stored in blockchains by 2027.