Multinational software firm SAP is expanding its work with blockchain into the supply chain space.
Torsten Zube, SAPâs 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. Companies like Johnsonville, Naturipe Farms and Maple Leaf are working as additional collaborators on the project.
âThe Farm to Consumer project perfectly showcases a common pattern we see in many of our blockchain projects,â Zube wrote in a blog post detailing the initiative. âCross-company collaboration along complex value chains for which the technology can remove abundant process steps and friction, and establish automated trust.â
SAP will integrate the blockchain into its existing Global Track and Trace technology to act as âan additional layer complementary to core processes that creates one shared view on the data from all involved stakeholders contributing to the supply chain.â
The enhanced technology, Zube contended, allows companies to trace the origins of food products, enter requests and offerings, and authenticate and execute transactions.
SAP also revealed that it has teamed up with Swiss supply chain startup modum.io to further its supply chain ventures. SAP plans to provide further details on the companiesâ joint work on pilot projects in June.
Zube is bullish on blockchain and thinks the technology could potentially reconfigure current food industry production models.
âIf enterprises can access the complete version of product history,â he explained, âthis could result in a shift from a central unilateral supplier-led production to a consumer demand-led supply organized by a consortium of peers.â
He went on to predict:
âNetworking along the traditional lines of value chains will be replaced by sharing data governance, resources, processes and practices and lead to joint learning opportunities.â
These undertakings are not SAPâs only blockchain ventures. The company previously launched a âblockchain co-innovation initiativeâ to explore distributed business processes that utilize peer-to-peer networks. It is also a member of Spainâs Alastria consortium, which focuses on inter-company data sharing, and the Blockchain in Trucking Alliance (BiTA).
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