AMERI Holdings, Inc. (NASDAQ:AMRH) is shaking up the market today. Shares of the SAP strategy consulting firm more than doubled after announcing that it intends to expand its service offering with blockchain functionality designed to transform its customers’ approach to supply chain management by delivering greater transparency and accountability at every step of a customer’s supply chain.
The Company will develop its expanded offering through the establishment of an in-house blockchain practice, the formation of new strategic partnerships with blockchain technology companies and the acquisition of startup companies that offer blockchain functionality.
Ameri100’s blockchain initiative will initially focus on bringing greater supply chain visibility, traceability and vendor contract simplification (smart contracts) to the Company’s customers in the manufacturing, aerospace and retail sectors. These sectors cumulatively comprise the largest segment of the Company’s customer base and are at the forefront of blockchain technology adoption.
AMERI CEO Brent Kelton stated, “Our blockchain initiative reflects a customer-driven approach to supply chain management that offers substantial advantages over today’s conventional supply chain IT infrastructure. With the deployment of blockchain solutions, customers can expect to see increased transparency and greater efficiency in the management of their complex supply chains that should yield substantial time and cost savings. As enterprises move to deploy new technologies like blockchain, this expansion of our best-in-class solutions is an investment in the Company’s future success.”
Ameri Holdings provides technology management solutions services. It services include SAP cloud, digital and enterprise services. The digital services include hybris e-commerce, analytics, big data, AI, IOT and software robotic process automation. Enterprise services offers designs, implements and manages business intelligence and analytics solutions. It also provides solutions for metadata repository, master data management and data quality.