Microsoft recently announced about an important partnership with supply tracking solutions provider company, Ardents.According to Food Engineering, the new partnership has a goal to develop a new product tracking platform by using blockchain technology and artificial intelligence.
The new solution, which will be based on blockchain, will reportedly be called Ardents NovaTrack. The project was officially presented during Viva Tech 2018 conference in Paris.
As explained by the creators, the system offers end-to-end traceability and visibility from the point of origin along the whole supply chain. This gives users the opportunity to trace any product items within a case. It was also informed that the solution was initially planned to be designed for pharmaceutical industry however with the development of the project, the creators took other high-value industries.
Founder and CEO of Adents, Christophe Devins commented on the collaboration stating: “Our alliance with Microsoft to co-develop Adents NovaTrack will offer game-changing blockchain-based unit identification for various industries around the world. Our deep roots and successes in serialization and traceability, enhanced by Microsoft Azure Cloud technology, will provide our clients total transparency all along their supply chains and secure product authenticity for end users.”
Organization for Economic Co-operation and Development (OECD) earlier reported that approximately 10% of pharmaceutical products that is currently sold worldwide as well as 2.5% of global imports are counterfeit. Earlier in May, U.S.-based life science research marketplace calledScientist.com introduced a new platform which is again based on blockchain technology which was reportedly designed to track and protect pharmaceutical data. The new technology here will be used to verify and validate the entire supply chain.
In addition, Swiss airport ground handling and cargo company Swissport also announced the initiative of launching a pilot program which will be based on blockchain technology. The new project will aim at developing an open source platform for supply chain partners.
