Do you need BLOCKCHAIN? 🔮 ⛓

Management Tools to validate the all-important question "Do you need BLOCKCHAIN"? 🔮 ⛓

Blockchain is proclaimed to be a technology that can solve challenges across multiple domains, but it is no silver bullet and definitely not a one-size fit all solution. To identify if a #Blockchain solution can add value to your business, it is imperative that you do some groundwork, and here are some tools that can help.

• Have you identified intermediaries within your existing processes that are limiting your monetary and/or operational efficiencies? i.e., administrative or transactional roadblocks.

🛠️ Tools: Critical Path Efficiency Analysis, Value Stream Mapping

• Is your current business model immune to the transparency that comes with sharing data across the value chain?

🛠️ Tools: Business Model Framework, Value Network Analysis

• Understand if there are economic incentives to capturing value opportunities, in other words, does it save you something. 

🛠️ Tool: Cost Benefit Analysis

• What is your company's risk profile? If your company's "New Tech" risk appetite is low there could be pushback from elements internally to adopt Blockchain.

🛠️ Tools: Identify your risk & security appetite using Risk Profile Matrix and Information Security Framework.

• Are there open opportunities to join forces with business partners to capture and share value? The more contributing parties on the network, the more value is created.

🛠️ Tool: Network Value-Chain Mapping

• Identify if your business is ready for an architecture that is open and scalable. This applies to both permissioned and permissionless Blockchain solutions.

🛠️ Tools: Engagement Models, Technology Maturity Models & Frameworks

Using the right tools will help you decide if you really need Blockchain. 🔮 ⛓

At zynergyx Technologies, our goal is to educate & advice SAP Enterprises explore Blockchain and help identify specific competitive-advantages that Blockchain can deliver for them.

For more on SAP & Blockchain, visit the SAP Blockchain channel (bc_sap) on: https://discord.gg/Dv6aZwa

#futurearchitecture #sap #blockchaintechnology #cimaglobal #cpaaustralia #managementconsulting

An Emerging Technology can go-mainstream before you know it. 🚀

A common question that I get from my clients “How can Blockchain help enterprises running on SAP?”

Given the very many scenarios where an emerging technology like Blockchain can be used to power existing enterprise solutions at private companies, here are some quick pointers on the benefits that private enterprises can look to harness with the power of Blockchain.

- Blockchain can facilitate de-risking by reducing restrictive compliance prices while increasing the transparency of transactions. E.g., The future of SAP Inter-company billing could take place on the blockchain 🔗, including everything from invoicing to payment receipts 🧾️.

- Blockchain helps build credence with customers since Blockchain helps foster the development of a decentralized protected database for recording, processing, and transferring value-element within the network. E.g. see "SAP Master Data 💼 verified by Blockchain 🔗 ✅ (SAP + BC Series)" - shorturl.at/eGQX2

- Enhances Supply Chain Management, with verified processes across the supply value network and processes. E.g. SAP generated SCM artifact validations could be triggered on the Blockchain including supplier selections etc.

- Blockchain encompasses an integral Turing-complete programing language that enables involved parties to write down smart contracts and use decentralized applications to perform conditional checks and execute processes automatically. E.g., SAP Cash & Bank Management, including interfaces/integration to #blackline and other similar tools could all have touch points with on-chain transactions taking place on the Blockchain.

- Blockchain discerns and forestalls fraud as the technology verifies data and enhances traceability, making it possible to notice fraud or bad-actor inferences early, and reject changes. E.g. SAP Credit management module feeds off data verified on the Blockchain of connected partners operating on the Blockchain.

These are just some of the ways in which private enterprises could harness the power of blockchain. More scenarios to follow and if you are looking to learn, explore, or build blockchain-powered prototype solutions, reach out.

For related SAP Blockchain scenarios 💡and actual prototypes being built on data validation, visit the free dedicated SAP Blockchain channel on: https://discord.gg/Dv6aZwa

#futurearchitecture #smartcontracts #emergingtechnology #blockchaintechnology #sap #sapbtp

Think like a CFO !

SAP Finance consulting isn't just about having the necessary configuration skills, it should be more about transforming the Finance function into a value centre that is agile and helps to achieve the CFO's Enterprise Finance goals. 

Here are some important focus areas that senior finance management teams aim to achieve the maximum out of, inorder to achieve strategic & tactical goals.

#financetransformation #agilefinance #s4finance #sap #technology #leadership 

DNA of a Digital Leader - Are you one ?

Digital leadership skills to drive successful changes within and across the organisation's eco-system is going to be among one of the most important skills of the future.

Here are some key characteristics required of a Digital Leader inorder to prepare & take on the disruptive waves of changes coming our way. #technology #digital #leadership #futureskills #sap

SAP Cash Management with Decentralized Finance (DeFi)

 "You can use interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stable coin, known as Magic Internet Money (MIM), and the lending platform to do all this is called Abracadabra money"

This is #DeFi (Decentralised Finance) talk and could very well be common lingo.

We could see a future where ERP solutions like SAP & Oracle, have in-built wallets in their Cash Management modules that connect directly to DeFi Automated market makers (AMMs) platforms where they could earn an attractive APY (Annual Percentage Yield) as part of their Cash Management & Capital Investment strategies.

There are various communities developing tools to bring DeFi to the mainstream, e.g., the current APY (Annual Percentage Yield) for staking the $TIME token in the Wonderland protocol is around 81,000% to get more people to participate, but make sure you DYOR (do your own research). In this evolving space of ludicrous APY offerings, the new adage is "the greater the reward, the greater the risk".

For more DeFi Enterprise scenarios, visit the free dedicated bc_defi channel on:

https://discord.gg/Dv6aZwa

#blockchain #sap #erp #finance #decentralisedfinance #futurearchitecture #web3