SAP has been appointed as vice chair of the Chinese Trusted Blockchain Alliance, newly established to advance co-innovation and standards in China’s blockchain ecosystem, while increasing international cooperation in the space.
A joint initiative between companies and research institutions, the alliance is looking to SAP, with customers in more than 190 countries, for international industry leadership, based on its 45 years in business and its development of the SAP Leonardo digital innovation system to seamlessly integrate blockchain technologies with existing business software.
“The Chinese Trusted Blockchain Alliance unifies efforts and underlines the joint desire to advance these technologies and drive adoption across industries,” said Torsten Zube, head of blockchain, SAP.
The alliance was established with support from the Chinese Ministry of Industry and Information Technology (MIIT) and the China Academy of Information and Communications Technology (CAICT). The CAICT chairs the alliance, as well as China’s Industrial Internet of Things Alliance, of which SAP is also a member organisation.
“Combining SAP’s technical and business expertise with CAICT’s ecosystem, all parties will work closely to unleash new value for companies,” said Zube.
The Chinese Trusted Blockchain Alliance plans to establish working groups to address key issues such as blockchain core technology R&D, industrial applications of blockchain technologies, and blockchain governance and standardisation.
To help accelerate the application of blockchain technologies the alliance is collaborating with the Industrial Internet of Things Alliance to establish the Industrial Internet Blockchain Special Working Group. Ruicheng Li, managing director, SAP Labs China, SAP (China) Co. Ltd., has been appointed as deputy chair of the working group.
Established in 1957, CAICT is a think tank of the China Ministry of Industry and Information Technology, playing a key role in research for China’s national industrial policy and roadmap development, including strategic industrial planning, policy, standardisation, industrial testing and certification.