SAP announced that its expanding its work with blockchain into the supply chain space.
The company is looking to apply blockchain technology to agricultural supply chains by way of its Farm to Consumer initiative.
SAP will start to integrate the technology into its Global Track and Trace technology to act as an additional layer to core processes. Blockchain will allow companies to trace the origins of food products, enter requests and offerings and authenticate and execute transactions. So far, companies like Johnsonville, Naturipe Farms and Maple Leaf have signed on to work as additional collaborators on the project.
SAP's blockchain lead Torsten Zube believes that the technology has the potential to reconfigure the food industry's production models.
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