When shipping pharmaceuticals, the on-time arrival of a shipment is only one requirement. It’s essential that the product doesn’t get too hot, damp or exposed to the sun. DSV the global logistics company has started a pilot to track all these aspects on a blockchain.
DSV Israel has partnered with Brieftrace to implement the project using an IoT device called GEO created by Brieftrace, as well as Brieftrace’s Ethereum adaptation called Traceum.
The GEO device is used to measure environmental factors like location and temperature, and the device activates a smart contract which defines the shipment terms such as acceptable temperature range and arrival time.
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