Blockchain is a digital ledger designed to decrease fraud. Blockchain, the technology underpinning Bitcoin, has taken off in numerous industries.
SAP Ariba announced they are getting into the Blockchain game. SAP Ariba will apply blockchain to the tracking and tracing of goods in procurement and supply chains. These new capabilities will be developed in partnership with Everledger a London-based Fintech company.
There are two types of software users – the first type knows the quality of their data and, the second doesn’t. Blockchain capabilities will help customers fail into the first category and have complete transparency into their supply chain.
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