Blockchain technology is transforming industries by enabling secure, transparent, and decentralized transaction systems. As enterprises explore blockchain for applications such as supply chain transparency, smart contracts, and digital identity management, they require agile, integrated business platforms that support blockchain development and deployment. SAP Business ByDesign (ByD), SAP’s cloud ERP solution, provides a comprehensive framework to manage the business processes behind blockchain projects, ensuring seamless coordination, financial control, and operational transparency.
SAP Business ByDesign is a cloud-native ERP suite designed to support mid-sized companies and subsidiaries with end-to-end business management. In blockchain projects, ByDesign acts as the central operational backbone—integrating project management, procurement, finance, and compliance functions needed to successfully deliver blockchain initiatives.
Blockchain initiatives often involve multiple stakeholders including developers, business units, external partners, and regulators. SAP ByDesign offers robust project management capabilities to coordinate complex tasks, monitor milestones, and foster collaboration.
Blockchain projects require precise budgeting and financial oversight to manage development costs, infrastructure investments, and ongoing operations. ByDesign integrates financial planning with project execution, ensuring accurate cost tracking and forecasting.
Implementing blockchain solutions often involves procuring specialized software, consulting services, and hardware. SAP Business ByDesign streamlines procurement processes to ensure timely supplier engagement and contract management.
Blockchain projects must adhere to evolving regulatory frameworks and security standards. ByDesign supports governance by embedding controls, audit trails, and compliance reporting, helping mitigate operational risks.
While SAP Business ByDesign does not replace blockchain platforms, it complements them by integrating business operations with blockchain data flows. This integration supports end-to-end transparency and process automation.
ByDesign’s embedded analytics provide project leaders and executives with real-time dashboards to monitor blockchain project performance, financial health, and operational risks.
A technology firm leveraging blockchain for supply chain traceability uses SAP Business ByDesign to manage the project lifecycle, coordinate external vendors, monitor costs, and ensure compliance with industry regulations. The integrated approach enables timely delivery and operational transparency.
As blockchain technology gains traction across industries, managing blockchain projects demands a flexible, integrated business platform. SAP Business ByDesign offers a powerful cloud ERP solution that supports the operational, financial, and compliance needs of blockchain initiatives. By connecting core business processes with blockchain innovation, ByDesign empowers enterprises to drive digital transformation while maintaining control and transparency.