BASF is already using blockchain technology in pilot projects for the secure exchange of data and information between multiple participants in complex value chains. As well as other things, blockchain technology will also enable BASF to collaborate more effectively with its customers and suppliers in future. With the conclusion of the pilot, the project partners have agreed to further explore the use of this innovative payment method and expand it to include other supply chain business partners in the coming months.
Commerzbank, Evonik and BASF conduct first blockchain technology and programmable money test to manage supply chain processes between companies
BASF is already using blockchain technology in pilot projects for the secure exchange of data and information between multiple participants in complex value chains. As well as other things, blockchain technology will also enable BASF to collaborate more effectively with its customers and suppliers in future. With the conclusion of the pilot, the project partners have agreed to further explore the use of this innovative payment method and expand it to include other supply chain business partners in the coming months.
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