Blockchain-based logistics ShipChain and GTX Corp, a provider of GPS and NFC tracking location-based services, announced a new partnership for a new global NFC blockchain shipment tracking solution, using energy-efficient NFC smart tags.
According to the agreement, ShipChain will use GTX’s temperature enabled NFC smart tags to monitor temperature-sensitive shipments. The tag requires no scanners, or wires, and records temperatures based on customer-defined intervals and durations. Additionally, GTX offers other NFC products that ShipChain will use to improve its Track and Trace Platform.
The NFC tags provide real-time temperature sensing and data logging across the supply chain necessary with transportation of perishables; food, drinks, pharmaceuticals and other temperature-sensitive products that can be negatively affected by conditions in transit.
These security measures can prevent the distribution of contaminated supplies in the marketplace and unauthorized modification of data logs, enabling brands, retailers, distributors, and freight forwarders to verify shipment quality.
The encrypted data collected from the tags will be uploaded to the ShipChain blockchain backend providing authentication and chain of custody. This service will enable temperature-sensitive shipments to be monitored while in transit, with the possibility to manage several new government regulatory requirements for perishable shipments.
Integration between ShipChain and GTX has already started and a joint customer will be announced when all details have been finalized.
Great Informative post! Good to know how blockchain helping the Shipping Industry
Great post about implementation of blockchain with temperature sensitive shipments.