DeFi (Decentralized Finance) is a rapidly developing field that has its roots in the #cryptocurrency sector but is already extending beyond it. Today, a variety of organisational use cases are being addressed by #DeFi apps, and SAP is one platform that can profit from the integration of DeFi solutions. DeFi in SAP can be used to meet a number of enterprise use cases, such as:
🚢 Enhancing supply chain management: DeFi can be used to create more transparency and accountability in the supply chain, by enabling the tracking of goods and services from their origin to their destination, with provenance solutions built into SAP Supply Chain Management & Cash flow management solutions. This integration can also help to reduce the risk of fraud and improve overall efficiency.
💼New Business model generating new revenue streams: DeFi can be used to create new revenue streams by enabling the creation and trading of new financial instruments such as digital assets, tokens, and derivatives. SAP Predictive Analytics could be leveraged to identify and build predictive models to discover insights into how the digital assets are performing and lead to better product-market-fit strategies.
💷 Streamlining payments and settlements: SAP's enterprise software is widely used for managing payments and settlements between businesses. DeFi solutions can help to streamline SAP's Financial Management solutions adopted by Enterprises and these processes can leverage the benefits of blockchain technology to enable fast, secure, and cost-effective transactions. The future of SAP Payment functionality can be enhanced with AI with inbuilt-smart-contract powered by Blockchain to make settlements and collect cash with little to no disputes.
📊Improving liquidity management: DeFi can be used to improve liquidity management by allowing businesses to access a range of #financial services such as lending, borrowing, and trading. SAP’s S/4HANA Cash and Liquidity Management will truly benefit from integration on-chain with off-chain transactions to enable efficient use of liquidity items by tracing origin of cash flow powered by DeFi apps.
DeFi has the ability to completely transform how businesses run by offering new tools for enhancing productivity, lowering risk, and generating new revenue sources. SAP Enterprises with the right attitude and skill set could take advantage of what DeFi has to offer and stay ahead of the curve in a market that is becoming ever more competitive.
To learn more about how #Blockchain & DeFi could power solutions that address common Enterprise challenges , check out the dedicated “bc_sap” discord channel on zynergyx.com.
#futuresolutions #emergingtech #s4hana
No comments:
Post a Comment