Unilever entered into a joint venture with SAP to pivot a blockchain solution, allowing the CG giant to track palm oil across its supply chain operations. Last year, Unilever utilised the Green Token solution provided by SAP to create digital tokens for palm oil fruits, allowing suppliers to capture their origin’s information and track their journey. As blockchain is an effective way of tracking products across complex supply chain operations, SAP’s Green Tokens provide companies with strategic blockchain solutions. These solutions range from assuring the sustainable origin of palm oil products to effective traceability of the products. Unilever stepped into the blockchain years ago, collaborating with Sainsbury, Barclays, BNP Paribas, and Standard Chartered to improve operations across the tea supply chain.

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