Logistics system specialist 1-Stop Connections has teamed with blockchain start-up TBSx3 on a supply chain security initiative. The firms have announced a new alliance to develop a blockchainbased security architecture to combat the movement of fake products.
TSBx3 has developed security architecture for verifying the authenticity of goods in transit, and recently completed a global road and sea supply chain trial, tracking the movement of bottled wine from the wine-growing region of Coonawarra in rural South Australia to the Port of Qingdao, China.
“Partners in the successful trial included DP World Australia, DB Schenker, Hamburg Süd, and Australian wine producer IUS,” stated 1-Stop. “KPMG verified the custodial handovers for the integrity of the product in the 8,100 km chain, validated the product at the end of the chain, and confirmed that the system could potentially detect fake or duplicated product.”
From its origins as a vehicle booking system supplier, 1-Stop Connections has grown into a bigger player in the broader logistics market. The 1-Stop/TBSx3 tie-up is “an important step in building a global consortium to ensure the integrity of product at every step of a supply chain, from the farm and factory gate to the consumer”, according to TBSx3 co-founder and Director, Mark Toohey.
In particular, the companies are targeting the movement of fake medicines, noting that the World Health Organisation estimates that 200,000 people a year die from taking fake anti- malarial medicines alone. “Malaria kills one child every 30 seconds,” they stated.
According to Michael Bouari, CEO of 1-Stop Connections, leveraging software from both companies can help secure supply chains. “A new security benchmark for global supply chains is created when we combine TBSx3’s cryptography and blockchain security with our highly secure port community system – 1-Stop’s flagship product – Vehicle Booking System (VBS),” he said.
“We are keen to see how TBSx3’s dynamic distributed ledger can help our industry monitor the vital parts of the supply chain. We all need even better data on the what, where, when and who. Security will be strengthened if we have a deeper and more transparent understanding of what is being delivered, where it is, when it began the journey, when it was handed over along the chain, when it will arrive, and who is, at any time, responsible for it, from beginning to end.
“The technology being developed by TBSx3 is of great interest because it combines the data currently held in silos by the various supply chain participants. Now, we will all be able to have a new level of trusted transparency across the entire supply chain.
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This complete item is approximately 300 words in length, and appeared in the June 2017 issue of WorldCargo News, on page 11. To access this issue download the PDF here.
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