SAP Solution: Bitcoin

20 percent of large companies will use digital currencies by 2024.

Bitkom welcomes proposals for legal certainty for crypto assets.

The rapid price gains with Bitcoin, but also reports about spectacular thefts and fraud with the cryptocurrency and price fluctuations have led to the fact that for the first time a majority of German citizens know what Bitcoins are.

Josef Packowski, CEO of Camelot Consulting Group, and Steffen Joswig, Managing Director at Camelot Innovative Technologies Lab, are the blockchain pioneers of the SAP community. Here they explain the megatrend and the opportunities for existing SAP customers.

With blockchain, we are talking about a technology with disruptive properties. It is a chained list in which each list entry (block) can comprise one or more data records.

Traditional business models are more than ever being called into question, reappraised and turned on their head. Completely new approaches are emerging. "Blockchain" is the word increasingly being heard in connection with this digital upheaval.

There is a lot of hype in the technology community right now around the recent explosion of blockchain use cases that extend far beyond the financial industry.

Blockchain has been a topic of global importance for decision-makers from business, society and politics at least since the World Economic Forum in 2015. But what exactly does it mean?