SAP to Launch New Blockchain Supply Chain Initiative

Multinational software firm SAP is expanding its work with blockchain into the supply chain space.

Torsten Zube, SAP's blockchain lead, revealed Monday that the company is looking to apply the tech to agricultural supply chains by way of its Farm to Consumer initiative.

"The Farm to Consumer project perfectly showcases a common pattern we see in many of our blockchain projects," Zube wrote in a blog post detailing the initiative.

SAP will integrate the blockchain into its existing Global Track and Trace technology to act as "An additional layer complementary to core processes that creates one shared view on the data from all involved stakeholders contributing to the supply chain."

SAP also revealed that it has teamed up with Swiss supply chain startup modum.io to further its supply chain ventures.

Zube is bullish on blockchain and thinks the technology could potentially reconfigure current food industry production models.

These undertakings are not SAP's only blockchain ventures.

The company previously launched a "Blockchain co-innovation initiative" to explore distributed business processes that utilize peer-to-peer networks.

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