SAP and Unilever will monitor the supply of palm oil using blockchain – Bits Media

One of the largest food manufacturers and household chemicals British Holding Unilever presented a decision based on the Greentoken blockchain.

German company SAP, engaged in the development of corporate software, reported, that a pilot project Greentoken will provide users with the opportunity to receive detailed information about the composition of products and supplies in real time. Usually, in the first stages of the logistics chain, palm oil is often mixed with identical raw materials, which comes from proven, so unverified sources. As a result, data on the origin of oil may be lost.

Unilever has already successfully tested the concept in Indonesia, Having brought into blockchain information about more than 188,000 tons of product. With the help of blockchain platforms, the Singaporean company for the production of palm oil Golden Agri-Rosources and other suppliers were able to create tokens, in which the unique characteristics of the goods are laid.  

Co -founder and director Greentoken Nitin Jain (Nitin Jain) tells, that Greentoken allows you to track information about raw materials through scanning a barcode or QR code on the packaging of goods. Companies and consumers will be able to find out, How many percent of palm oil is added to the product, And whether it was extracted from environmentally friendly sources. Golden Agri-Rosources Director Anita Neville (Anita Neville) said, that the blockchain played an important role in increasing the transparency of the supply chains of palm oil. Thanks to the company's participation in the Greentoken pilot project together with SAP and Unilever, The company was able to effectively exchange data with all participants in the logistics chain.

“Blockchain technology gives a guarantee, that goods, which we supply, They are made respect for people and the whole planet ", - assures the head of the Unilever procurement department Dave Ingrem (Dave Ingram).

Unilever began to use blockchain capabilities several years ago. IN 2020 year the company has created a fund for $1.13 billion for project development, involving blockchain to combat global warming and deforestation.