Intel, SAP Join Forces to Resolve Blockchain Bottlenecks
The tech giants analyze distributed ledger technology (DLT) transactions with the aim to optimize blockchain capabilities and underpin faster adoption by businesses.
US chip maker Intel has teamed up with German software giant SAP to research some of the current blockchain problems like scalability, Intel’s strategic relationship manager Tim Allensaidin a blog post on Tuesday. Allen presented the two firms’ joint studies on the distributed ledger technology (DLT) transactions and gave more details about Intel’s participation in the SAP-led blockchain consortium launched earlier this year.
SAP and Intel analyzed the German company workloads to evaluate how blockchain can be optimized by using the existing software and hardware solutions. The partnership aims to make DLT more widespread among current business models and customers by creating ‘superior blockchain technologies’.
“[…] SAP and Intel are performing benchmarking studies to analyze blockchain metrics such as transactions per second to identify network bottlenecks that could be optimized with more powerful, higher performing technologies. This benchmark collaboration is significant for existing blockchain deployments since current blockchains can be associated with latency and slow throughput issues,” Allen explained in the blog article.
The Intel manager explained that the US company had joined the recently established SAP DLT consortium with the goal to create a supply chain management tool that uses proof-of-concept solution. The initiative targets blockchain for enterprises and includes several DLT-oriented projects of the participating companies like Intel Xeon Scalable processors.
“What advantages do blockchains offer businesses? Enterprise blockchains create a mechanism for reevaluating and speeding up existing business processes, particularly across corporate boundaries, by reducing process steps and providing greater transaction consistency […] Making use of the blockchain technology in the enterprise is a further step towards decentralizing business applications for greater flexibility, transparency, and scalability in the hyper-connected economy,” Allen wrote.
SAP formed the DLT consortium in June with seven founding members including Intel, Hewlett Packard (HP), US multinational delivery company UPS, Airbus’s California subsidiary A3, US electronic manufacturer Flex, and Arizona-based service provider Amkor Technology. The project is a direct competitor to Linux Foundation’s Hyperledger Project and R3 Corda of David Rutter.