BlockchainMentat Paves the Way for Enterprise Blockchain Integration

PRNewswire PRNewswireNovember 6, 20204 min

Mentat Innovations, a leading artificial intelligence and blockchain solutions provider to global enterprises, today announced that it will develop an open source SAP connector and Enablement API to the Algorand blockchain. Algorand, the world’s first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products, provides a stable and fast blockchain that is purpose built for enterprise type applications that Mentat’s clients are planning to deploy on established software platforms like SAP.

Mentat has chosen Algorand as their preferred blockchain platform due to the global scale, speed and security enabled by the Algorand protocol and by the flexibility provided by Algorand Smart Contract (ASC1) and Algorand Standard Asset functionality. The combination of scale and flexibility is critical in supporting Enterprise adoption across a very wide range of use cases.

Mentat’s customers are governments and large enterprises globally that are actively looking for the latest technology innovations that can provide immediate competitive advantage. To date, early blockchain platforms have lacked the speed, scale and transactional cost efficiency to be immediately useful in enterprise settings. With this new offering between Mentat and Algorand, any enterprise within the SAP platform ecosystem will be able to integrate and interoperate with Algorand’s blockchain seamlessly.

“We have been looking for a blockchain partner that can power efficiently fast and scalable enterprise distributed ledger and transactional applications. We are delighted to work with Algorand on building a solid bridge to real world enterprise applications on the SAP ecosystem,” said George Cotsikis, CEO of Mentat Innovations. “The Mentat team is grateful that the Algorand Foundation is supporting this endeavour in building together a shared vision of enterprise blockchain usage.”

The Algorand Foundation is supporting Mentat through its 250M Algo Foundation Grant Program, that is designed to foster innovation and on-chain development in the areas of research, education, infrastructure and applications.

For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News

PRNewswire

PRNewswire

Leave a Reply

Your email address will not be published. Required fields are marked *

We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications




FintecBuzz, 2021 © All Rights Reserved