SAP Blockchain-as-a-Service (BaaS)

Posted by Ashish Mahakul

SAPs Blockchain-as-a-Service (BaaS) is built on its HANA Cloud Platform (HCP). It provides the simplest and least-risky medium to experiment with the distributed ledger technology in the cloud. BaaS helps organizations eliminate the need to have a large upfront capital investment and fast-track the implementation of blockchain across the business chain.

Benefits of Implementing SAPs BaaS

  • Create, test, and develop blockchain applications and smart contracts
  • Build blockchain extensions for existing applications
  • Leverage open standards to create a private blockchain network

SAP Cloud Platform Blockchain Services

MultiChain on SAP Cloud Platform

The idea behind MultiChain on SAP cloud platform service is to allow the users to create & manage MultiChain service nodes and connect them to a Blockchain network. It offers a range of features, some of which are detailed below:

  • Rapid Service instance creation & deployment: Leverage an intuitive and dedicated cloud platform to create and deploy MultiChain development service instances & nodes.
  • Well-organized processes: Improve process execution in multi-party scenarios, enabling faster transactions that aren’t restricted to office hours.
  • High Security: Distributed and encrypted network makes transactions and ledgers less prone to hacks, alters, or spoofs.
  • Transparency & visibility: Gain complete insight into MultiChain development using the Transaction, Blocks, Streams, and Assets sections of the dashboard.
  • Permission management: Grant a range of permissions, including connect, create, send, admin, mine, receive, activate, and issue to specific node addresses in the network.
  • Connect your own network: Connect your SAP business processes to an externally provisioned and operated blockchain network.

Hyperledger Fabric on SAP Cloud Platform

We can create & manage Hyperledger Fabric nodes & service instances and connect them to a blockchain network. Working with Hyperledger Fabric on SAP cloud platform comes with a range of features, including the ones discussed below.

  • Easily create service instances: Rapidly create & deploy nodes, networks, channels, and other service instances with parameters and application binding on an intuitive cloud-based platform.
  • Build secure networks: Build and manage secure Hyperledger Fabric networks using join request and join approval for .JSON files.
  • Configure channels: Configure and manage the permissions of Hyperledger Fabric channels via service keys, supported by “channelID” and “channelSecret” parameters.
  • Deploy and explore chaincodes: Leverage the channel dashboard to deploy, test, and upgrade chaincodes. Then view and analyze the blocks, hashes, and transaction IDs on the Blockchain explorer.
  • Connect your own network: Connect your SAP business processes to an externally provisioned and operated blockchain network.

Quorum on SAP Cloud Platform

Quorum is an open source version of the Ethereum distributed ledger and smart contract platform. The HCP allows the user to create & monitor Quorum nodes and connect them to a Blockchain network. Some of its features are detailed below.

  • Create network-transparent smart contracts: Existing Ethereum smart contracts remain network-transparent on Quorum.
  • Settlement of digitized assets: Initiate cryptographically assured, private settlement of digitized assets.
  • Permission access control: Grant permissions for speedy private transactions at node level through secure service keys.
  • Connect your own network: Connect your SAP business processes to an externally provisioned and operated blockchain network.

Final Few Words

With more and more companies warming up to Blockchain, the SAP BaaS gives them a great opportunity to build holistic blockchain-powered solutions with SAP landscape. The three SAP Cloud Platform Blockchain services discussed in the blog post present an excellent start. We expect SAP BaaS to pick up big time and revolutionize the way business solutions and processes function. What do you think? Let us know your thoughts in the comments below.

That’s it from us.

Until next time!

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