- SAP has introduced "Leonardo," a new Blockchain as a Service (BaaS) offering which is "ready-to-use blockchain technology" that resides in the SAP Cloud, CNBC reported. Leonardo is accessible remotely rather than dependent on 'on premise' technology or end-user software.
- SAP Leonardo functions comprehensively, as it features blockchain Cloud service technology, as well as machine learning and the internet of things (IoT), which will integrate as a single ecosystem.
- This fusion of technologies offers the ability to automatically order new parts or consumables in a business supply chain connected to the IoT. Artificial intelligence (AI) is included in order to automate procedures, while the blockchain acts to propagate smart contract orders and/or pay for goods.
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