Software AG Applies Digital Business Platform to Operationalize Blockchain

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Software AG has just  announced the availability of next generation Digital Business Platform capabilities that enable financial institutions to operationalise Blockchain by gaining greater integration of, visibility into, and action upon public/private Blockchain applications.

Once an organization has decided on the Blockchain application that suits its business, the next step is to move it out of the incubator and tightly incorporate it within its enterprise applications.

Nigel Farmer, Industry Director for Capital Markets at Software AG, noted:

“That is where the fun starts; making Blockchain applications work in the real world is as much of a challenge as building the Blockchain application itself.”

Financial services organizations globally are investigating the benefits of using Blockchain, but few are thinking beyond the perfect use case. Once they have decided on the Blockchain application that suits their business, the next step is to move it out of its ‘test incubator’ where it was being proven, and tightly incorporate it within their enterprise applications.

Organizations implementing Blockchain do not want to add additional IT “spaghetti” on top of their existing technology infrastructure. They must be able to rapidly and seamlessly use Blockchain to gain the advantages of the technology immediately without having to run complex, costly and lengthy re-architecting programs.

Interoperability of Blockchain within an enterprise requires an intelligent Blockchain access layer. The Software AG Digital Business Platform provides:

  • A Blockchain access layer that seamlessly integrates Blockchain with legacy technology for interoperability;
  • The ability to correlate and validate data, and apply business context going into Blockchain;
  • Governance and security to enterprise or industry-wide Blockchains;
  • Event processing and data aggregation for complete visibility on- and off- chain activities;
  • Monitoring, exception management and alerting of Blockchain events;
  • Overlay service layer to enrich functionality of Blockchain apps.

Farmer concluded:

“Many organizations developing prototypes are focused fully on the Blockchain use case, and haven’t begun to think about what it means to put it into production. Software AG’s Digital Business Platform not only provides the necessary infrastructure, but enables them to operationalize this disruptive technology rapidly without disrupting the business and existing IT infrastructure.”

Blockchain technology is poised to change financial services dramatically. But organizations must ensure that their infrastructure can support it. This is possible with the use of Software AG’s Digital Business Platform.

Software AG empowers customers to innovate, differentiate and win in the digital world. Its products help companies combine existing systems on-premise and in the cloud into a single platform to optimize and digitize their businesses. The combination of process management, data integration and real-time analytics in one Digital Business Platform enables customers to drive operational efficiency, modernize their systems and optimize processes for smarter decision-making. Building on over 45 years of customer-centric innovation, Software AG is ranked a leader in many innovative IT categories. Software AG has more than 4,300 employees in 70 countries and had total revenues of €873 million in 2015. Learn more at www.softwareag.com

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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