SAP Haus party was a chance for us to get connected with SAP’s future technologies and their team leaders. It showcased its newest technologies like 3d-printing, oculus, cloud technologies and IoT. I was particularly interested in its Innovation team that designs compelling set of innovative business products. Currently the hottest topics trending in SAP are Blockchain Technology- decentralized computing beyond bitcoin that’s offering blockchain-as-a-Service. Today, although technical aspects still exceed the business aspects, I take this opportunity to talk about some of the interesting use cases of it.
- It provides decentralized markets that can kill e-commerce because it will be possible for any two people in the planet to trade with one another without depending on any institution.
- As blockchains and sidechains proliferate, there are several important implications for the Internet of Things and the development of Smart Systems. For one, blockchain technology could provide a way to track the unique history of individual devices, by recording a ledger of data exchanges between it and other devices, web services, and human users.
- Existing electronic voting systems all suffer from a serious design flaw: They are proprietary, that is, centralized by design, meaning there is a single supplier that controls the code base [4], the database, and the system outputs and supplies the monitoring tools at the same time. The blockchain works as a secure transaction database, to log votes and audit vote results in a trustworthy way.
- Multiple issues such as high transfer cost, limited money distribution methods, limited brand options, limited ways to deal with money, etc. hold enormous potential for innovation in financial services.
- Smart transportation is about maximising already-existing infrastructure and resources rather than adding new ones. Real-time ridesharing is the key, enabling people with private cars to share their journey with others traveling in the same direction. What blockchain adds on top of this is the possibility to put together users without any middlemen thanks to decentralized platforms.
The Currency exchange and remittance use case is perhaps the most advanced of the list since it has been implemented worldwide.