SAP Ariba, which connects 2.5 million buyers and sellers around the world through its network, today announced it will offer blockchain record-keeping across its cloud-based applications and business network. Also today, its parent company, SAP announced that it has joined Hyperledger, the blockchain development program from the Linux Foundation, as a premier member. "We believe blockchain is a transformative technology for enterprise businesses,” said Juergen Mueller, chief innovation officer at SAP in a press release. SAP Ariba said this information, including history, transport, events and ownership, can be used to verify authenticity. “If you can track and trace diamonds, you can track and trace anything.”Everledger was one of several companies using emerging technologies such as blockchain, artificial intelligence, machine learning and the Internet of Things to present at SAP Ariba Live in Las Vegas today.

Source: Forbes March 22, 2017 22:18 UTC