SAP is seeking to add blockchain functionality to its supply chain traceability platform to help various stakeholders in the agriculture industry boost confidence in food safety.
In an online post on LinkedIn, SAP's blockchain lead Torsten Zube wrote:
“[W]e plan to utilize SAP Global Track and Trace, an existing SAP solution, and extend it with blockchain capabilities (core enterprise processes). The blockchain will act as an additional layer complementary to the core processes that creates one shared view on the data from all involved stakeholders contributing to the supply chain (technology).”
The integration would enable the stakeholders – agribusinesses, ingredient producers, food, manufacturers and retailers – to trace ingredients and products, enter requests and offerings, and verify and execute transactions. By facilitating transparency, just-in-time deliveries, and maximal food quality, it would thus help to optimize the entire supply chain.
Furthermore, Zube announced that SAP is joining forces with Swiss blockchain startup modum.io in a bid to improve supply chain processes by combining blockchain technology and IoT. Johnsonville, Naturipe Farms or Maple Leaf are also collaborating on the initiative.
“Together with their [modum.io’s] ambitious team of experts, we are currently working on specific pilot projects and will reveal how blockchain creates value for our first joint customer at the upcoming SAPPHIRE NOW conference between June 4-7 in Orlando,” he added.
Last month, SAP and IBM Services announced plans for a new blockchain solution to help oil and gas companies streamline joint venture accounting.
Recently, Swiss Post collaborated with modum.io to deliver a blockchain solution that will help ensure regulatory compliance for shipments containing medicinal and other temperature-sensitive products.
