Share this article
SAP Ariba Inks Blockchain Supply Chain Partnership With Everledger
SAP Ariba, a US software and IT firm, has integrated its services with blockchain startup Everledger.
Updated Sep 11, 2021, 1:10 p.m. Published Mar 22, 2017, 4:00 p.m.
SAP Ariba, the US software and IT firm owned by tech giant SAP, has integrated its services with blockchain startup Everledger.
Announced today, the move will see SAP Ariba deploy the tech for use in supply chain applications, one of the services the company provides. According to SAP Ariba, more than 2.5m companies utilize its offerings. Everledger, based in London, uses blockchain to track the provenance of diamonds and other assets.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
SAP Ariba said that it is also joining the Linux Foundation-backed Hyperledger blockchain community.
Joe Fox, SAP Ariba's senior vice president for business development and strategy, said in a statement:
"Twenty years ago, SAP Ariba bet big on a fringe technology called the Internet and pioneered a totally new model for buying and selling. True to our roots, we are again investing at the edge of technology to drive innovations in business-to-business collaboration that will change the game."
Though the tech likely won't apply to the precious stones space in the case of SAP Ariba, Fox suggested that the application opens the door to other tracking-related uses.
“If you can track and trace diamonds, you can track and trace anything," he said.
Originally known simply as Ariba, the company was acquired by tech giant SAP in 2012 for more than $4bn. SAP has partnered with firms like Ripple to explore the tech, telling CoinDesk last year that supply chain management was among the use cases it is testing.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership take in Everledger.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks
BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.
What to know:
- Bitcoin erased very modest overnight gains early Monday and spent the rest of the U.S. session in a tight range around the $90,000 level.
- Rising long bond yields and a small U.S. equities pulling back weighed on risk appetite as traders eye this week's Federal Reserve meeting.
- Bitfinex analysts pointed out bitcoin's relative weakness against U.S. stocks amid modest spot demand and structural softness.
Top Stories
