New application helps to solve trust issues in blockchain-based business transactions
Media, PA. October 02, 2018 – Camelot Innovative Technologies Lab (Camelot ITLab) today announced a new distributed application based on its Hypertrust Platform at SAP TechEd in Las Vegas. Hypertrust Identity Management helps ensure trust in blockchain-based business transactions, e.g. within supplier relation scenarios, by enabling secure identity management and claim validation. It is one of the first applications leveraging the Hyperledger Indy technology in combination with SAP software.
Business transactions that are executed via a blockchain network (“smart contracts”) rely on a clear identification of its participants and secure claim validation. Generally, distributed identity management systems such as Hyperledger Indy, offer claim validation based on asymmetric encryption and basic proof methods. However, the functionalities provided are not sufficient for more complex or real-time claim proof algorithms as needed e.g. for regulatory or quality assurance measures. This is why Hypertrust Identity Management combines the claim validation functionalities of Hyperledger Indy with extended real-time claim validations based on Camelot Trusted Computing Appliances. Trusted Computing Appliances are Camelot ITLab’s solution for so-called “off-chain smart contracts”, leveraging SAP blockchain services and Intel SGX. Hypertrust Identity Management is the latest application of Camelot’s Hypertrust Platform, a blockchain-based permissioned platform of distributed apps for targeted use cases across the entire value chain of companies.
“Hypertrust Identity Management is another successful milestone in our track record of providing pioneering digital solutions that solve true business issues”, said Steffen Joswig, Managing Partner of Camelot ITLab, commenting on the launch of the new application.
Camelot blockchain-based solutions at SAP TechEd
At SAP TechEd, taking place from Oct 2 – 5, 2018 in Las Vegas, Camelot ITLab will showcase Hypertrust Identity Management as well as its Trusted Computing Appliances at the Intel booth (booth no. 425). In addition, Camelot’s blockchain experts will present the new Camelot Blockchain Accelerator for Mobile Device Management, powered by SAP Leonardo, which helps end the re-use of stolen mobile devices.
Camelot ITLab has been a partner of SAP since the early hours of the SAP Blockchain co-innovation program and co-authored a whitepaper about off-chain smart contracts with DellEMC. The whitepaper can be found at www.camelot-itlab.com/en/blockchain-whitepaper/