Bahrain-based pharmaceuticals track and trace firm MVC Global announced a partnership with Cox Logistics to launch the ‘SmartHub’ logistics warehouse for food and pharmaceutical products.
The smart warehouse will use blockchain and other emerging technologies such as artificial intelligence (AI) for the efficient distribution of food and medicines in Bahrain and the rest of the Gulf Cooperation Council (GCC) market.
The SmartHub’s track and trace feature is based on blockchain, while smart contracts will handle customs clearance and payments. The latter solution is called ‘SmartPass’, which works for government clearance while integrating supply chain finance and cross-border payments facilities.
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