SAP Integration with Ethereum Mainnet
blogs.sap.com/2020/08/21/sap-integration-with...
blogs.sap.comPosted Aug 22, 2020, 7:04 PM UTC
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blogs.sap.comIn 2017 this would have sent us to 5k
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Good old times.
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Guys if this is really true this is huge news
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SAP Account Exec here. This is real. Customers have been asking for this.
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Name checks out haha
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Can you tell us a bit more about what they've been asking, how much it benefits them, have you already rolled it out or is it just a POC? Thanks in advance for sharing!
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[deleted]
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The article is literally at SAP.com, how could it be fake news?
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Well, more like it's "literally a community blog post at blogs.sap.com".
Not that that should take away from the article content, but it's certainly not a huge endorsement from SAP leadership.
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you can't have just any random employee publish on the company blog either.
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This is not the „company blog“, it’s the SAP community blog. Everyone (he’s not a SAP employee) can post in this blog.
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Oh wow I didn't even notice
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If you're struggling to understand the significance of this, the high level take away should be that ERP (backbone of a business) access to Ethereum, and specifically the public chain, is happening at a very fast pace and I wouldn't expect it to slow down.
There's this example and also the Baseline example a few months ago of Microsoft Dynamics and SAP talking to each other over the public chain.
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yuuge
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This is far more interesting to me than DeFi. Think about it. Adoption is still happening on the worlds slowest Turing complete computer due to the advantage of no counterparty risk. That's such a strong endorsement by these giant software companies. The future is bright! This blog also clearly articulates why the public Ethereum Blockchain is needed for big business.
"This special feature can be referred to as “the trustless network”. There is no central authority, middle-man or 3rd party that must be trusted to check that the network is processing transactions honestly. The network of strangers “polices itself”. Ethereum is one example of Distributed Ledger Technology (DLT). The collection of transactions in blocks can be thought of as a ledger, and the network of nodes is the distributed part, hence it forms a DLT."
Always good to remember the basics of what we have here.
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Had to chuckle at ethereum characterized as 'world's slowest Turing complete computer'. I may be able to find a slower one but I would Reeeally have to dig deep 😂.
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This is interesting, and this kind of integration is inevitable, but this is not something that can or will see widespread usage in ETH 1.0 or even 1.5. Once scaling takes off in a major way this kind of integration is going to be ubiquitous and in a decade it will seem like the way things have always been.
This is gentlemen, but not in the short term.
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I don't disagree that eth2 is critical to enterprise and just general adoption, but the use case described in the article seems like it would involve very few transactions.
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...The article describes a SAP database interacting with a metal futures market. That traffic, even if 10% of that market lived on ETH 1, would absolutely destroy the network.
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so hard to gauge how much of this is "look at us being hip!" versus them thinking they really need to be with it
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Well it was a dam well written article that I assume they’re using to onboard their clients with.
So I’d say they definitely have some serious use cases for it.
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It's really not hard to gauge, go watch some Baseline Protocol meetings on youtube to get the idea. The article doesn't even mention the cool stuff like writing an order in SAP that appears directly in your vendors Google Sheets doc. No one in the world knows what Baseline or Ethereum is so there's no hip factor to it
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These are the stones that pave the road to $10,000.
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I expect a pump by Monday. This is verified and gigantic.
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I can imagine companies utilizing this service might want to invest in a few nodes to generate gas for transactions. More sustainable long term than buying as needed.
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These are the kinds of integrations that take years to do, but last decades.
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I've said it before and I'll say it again, the potential improvements in supply chain efficiencies enabled by an immutable transactional system are huge. Block chain can do this. Just not quite at scale yet.
This is part of the story to 10k ETH.
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Really well written article that even I could understand. Usually something like this would go over my head. So encouraging to see Ethereum being acknowledged and integrated by big tech players. Very interesting times ahead!
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This was a very interesting article, thanks for sharing.
The Takeaway for me here is:
It is possible to integrate smart contracts into the existing SAP system in a decentralized manner and without big time permissions from SAP.
From his github page it looks like Kevin Smalls works at ConsenSys and has more or less done this project on his own.
This to me is very bullish despite other commenters here doubting if SAP really is in line with this and would endorse such actions inside their system.
For me it doesn't matter if SAP endorses this or not, this is a (hopefully) working proof of concept for commodity trading on the Ethereum blockchain. If this even gains a minimal amount of traction, SAP would be very stupid to hinder these innovations in the future. This could be the very first building block for developments akin to the DEFI space. Permissionless, untethered and open innovation. They of course can't really be compared because enterprises need maximum security and reliability, but it is a first step and proof of concept.
As a side note for people not familiar with SAP: It actually is super common for third parties to modify SAP's enterprise software for their own needs and there is a giant consultancy industry supporting these endeavors.
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Amazing feedback man. Love it
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holy moly. This is real gentlemen. Always thought this was the real use case of blockchains, not that defi stuff whoch is too uncertain and confusing right now
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Once businesses are relying on Ethereum, it won’t be politically possible to try to stop Ethereum.
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This was really well written to be understandable for users not well versed in Ethereum.
It isn’t enough to get some SAP customer to use Ethereum I think But it might be enough to start a discussion. Or if there is an Ethereum enthusiast in a company with an SAP related idea then this is a great article to send to decision makers.
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Wow. Just wow.
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I'm having a quick look at Baseline Protocol.
Does it have a native token? Or how is it planning to extract value from its users?
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It's being developed by EY.
They are offering (paid, of course) consultancy services to integrate with Baseline and even model it further to your specific needs.
No token, no pie-in-the-sky wishful thinking, just a classical business using a classical business model.If you want a piece of the potential price action, just go for ETH.
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Thanks for the response!
It's all sounding so promising and was keen on some of that pie. Glad that I can just relax in ETH.
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This is gentleman, great article FYI.