What is SAP's Blockchain Innovation Center network?

Just a few years before the blockchain hype started, SAP had launched the SAP Innovation Center Network as a sort of research and development laboratory for the software giant. The network was designed to identify early trends in technology and evaluate their potential for use in enterprise software. Blockchain first appeared on the radar in 2016.

What is blockchain as a service (BaaS)?

Growth of blockchain as a service (BaaS). BaaS is a cloud-based service that builds digital products for DLT and blockchain environments without any setup requirements for infrastructure. This is currently being led by Big Tech companies. Interoperability across blockchain networks and outside systems.

What is blockchain technology?

Now in its 3rd edition, IBM’s Blockchain for Dummies has introduced blockchain to more than 68,000 readers. Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

What are some of the most important assumptions about blockchain?

Many assumptions about blockchain have been put into perspective by now, but the most important pain point that the technology promised to resolve – the lack of a single source of reliable data – still exists. “It’s such an effort for companies to connect their own systems to each other and exchange and harmonize always the same data,” Zube says.