SAP chief strategy officer believes that the block chain is not zero-sum game


nnnnDeepak Krishnamurthy, chief strategy officer of German software company SAP, said that the block chain is not a zero-sum game and can benefit many companies. He believes that the chain chain is conducive to improving its supply chain, to create value for the company and customers, and revealed that SAP is also concerned about a variety of other innovative technologies, the future will focus on these new technologies.n
nnTranslated by: Inan
nDeepak Krishnamurthy, chief strategy officer for German software company SAP, said on Wednesday that the block chain is not a zero-sum game, and that it is beneficial to the business as a whole.n
nDuring the annual meeting of the World Economic Forum in Dalian in June, Krishnamurthy told CNBC that the chain chain would improve SAP’s supply chain business. He said:n
nn”We believe that the block chain will improve our supply chain and we have the largest supply chain business in the enterprise software industry, so linking the chain chain supply chain to the SAP supply chain will create value for our customers.”n
nnEarlier this year, SAP introduced a block-as-a-service (BaaS) product, which is part of the Leonardo product line that integrates and runs groundbreaking technology on the cloud.n
nThe block chain is a term for distributed digital books that can be safely recorded and stored on a peer-to-peer network. It eliminates the need for intermediaries, and industry stakeholders say it can speed up the process and make it more cost-effective. It is also a support technology for digital currencies (such as Bitcoin and Ether Square).n
nKrishnamurthy said the adoption of the technology will benefit from companies such as SAP by automating a large number of paper transactions. He said:n
nn”Letters of credit, contracts, smart contracts, etc. will be automated, which will create net worth for SAP and customers, which is not a zero-sum game.”n
nnFor example, technology companies, financial institutions and banks are exploring the use of block chains to deal with domestic and international payments and to promote global trade in small and medium-sized enterprises.n
nBlock chains are not the only technology that SAP is concerned about. Krishnamurthy explained that the company is also studying other areas of internal innovation.n
n”Our policy is to continue to drive organic growth,” he said. “We will take advantage of these innovations on the SAP Leonardo platform, such as artificial intelligence, machine learning, block chains and networking.n

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