The IoSC BlogDigital Supply Chain Transformation
On January 3, 2018 IPL Forum held an event at DSV headquarters in Israel on the topic of innovation and creativity in supply chains. The event was dedicated to the future of smart supply chains.
Various pharmaceutical and logistics companies have attended the event, including Swissport, Bayer, Kuehne + Nagel, Teva and Perrigo. Tal Meshulam, BriefTrace’s VP Business Development was honored to be one of the speakers in this important conference.
In his presentation, Meshulam covered the development of IoT in the supply chain, and the ways in which Big Data and analytics enable risk mitigation and improve performance. Afterwards, he showcased solutions for tracking sensitive shipments, monitoring temperature in real-time, alerting in cases of diverting from shipping lanes, delays in deliveries etc.
The final part of the presentation focused on smart contracts and BriefTrace’s unique Blockchain supported IoT. Meshulam explained why the company’s direct IoT to blockchain architecture is the perfect tool to activate smart contracts between trading partners. The smart contracts mechanism can enable payments to be transferred gradually and can include penalties for incidents like temperature excursions.
We are concluding another successful event for BriefTrace and looking forward to further expand our partnership with our friends at DSV.
DSV is a leading transport and logistics company offering transport services worldwide by road, air, sea and train. As a global transport and logistics partner, the company holds offices in over 80 countries and employs more than 40,000 people, while collaborating with partners and agents worldwide.
Mentfield Selects BriefTrace to Deliver Blockchain first Pharmaceutical Supply Chain Monitoring Solution.
BriefTrace, provider of blockchain-first IoT infrastructure, announced today the company’s blockchain gateway technology has been integrated into Mentfield’s pharmaceutical supply chain solution. Together, the two companies will shape the emerging Internet of Supply Chain as the early pioneers of blockchain technology in the pharmaceutical industry.
“Brieftrace is the ideal technology partner to support Mentfield’s digital supply chain transformation initiative”,
Said Nitsan Hadar, Head Of Global Pharma & Time Critical Division Manager at Mentfield.
“While our initial motivation was driven by the need for real-time monitoring innovation such as indoor location, ERP integration and Data Analytics services – BriefTrace has delivered phenomenal value by delivering blockchain powered data security and immutability to power a pharmaceutical grade compliant solution”.
“Mentfield was quick to understand the need for a new approach to real-time supply chain monitoring”, said Eyal Kamir, CEO of BriefTrace. “The pharmaceutical industry is only just beginning to acknowledge that the adoption of blockchain technology will be transformational for the supply chain and bring the much needed innovation”
Mentfield Logistics Group is one of the world’s leading logistics and freight forwarding organisations. A global, round the clock operation, Mentfield spans 22 international offices with an affiliate network in over 100 countries. Driven by technology innovation and excellence, the company invests heavily in modular, customisable software enabling clients to view live shipments and track progress in real time. Mentfiled covers the entire spectrum of freight forwarding, including air, sea and road freight, customs clearance, warehouse & distribution, fulfillment and 3P Logistics.