On July 17th, tech firm GTX
announced its partnership with blockchain logistics firm ShipChain for tracking shipments. GTX, known for wearable GPS technology, will provide NFC smart tags to monitor temperature and location in real-time. The data will be stored on ShipChain’s blockchain track and trace platform.
The announcement also reveals that a yet-to-be-revealed customer of both parties will use the NFC tags. In future other wireless NFC trackers by GTX will be integrated with ShipChain. The latter, one of the 100 members of the
World Economic Forum (WEF) blockchain initiative, to date, has worked mainly in food logistics. This project hopes to safeguard the quality of perishables, like food and pharmaceuticals, as they are transported.
If shipped items are discovered to be spoiled, the traceability platform allows the temperature and location data to be checked and trusted. Since it is immutable on a blockchain, the shipping firm can find out exactly where and when the products spoiled.
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