SAP plans to upgrade its agricultural program, “The Farm to Consumer” by implementing blockchain to the existing Global Track and Trace technology, Coindesk reported today.
The program was designed to build and sustain consumerconfidence by optimizing supply chain management and food safety.
SAP’s Blockchain Lead Trosten Zube said, "the Farm to Consumer project perfectly show cases a common pattern we see in many of our blockchain projects...cross-company collaboration along complex value chains for which the technology can remove abundant process steps and friction, and establish automated trust." Blockchain will add possibilities for “shared view on the data from all involved stakeholders contributing to the supply chain.”
SAP has other Blockchain projects such as the recently launched “blockchain co-innovation initiative” and is known as a big supporter of the technology.
By Nadya Astam