Over the past couple of months, Microsoft has been working in close partnership with Ardents, a supply tracking solutions provider, all in order to develop a new product tracking platform that will use blockchain technology and artificial intelligence (AI).
The news comes from a report on Food Engineering. In it, the new blockchain solution which is called Ardents NovaTrack will offer end-to-end traceability and visibility from the point of origin all the way to the entire supply chain.
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This will allow users to trace single product items within a case.
Initially designed for the pharmaceutical industry for the means of fighting the distribution of fraudulent copies of drugs, this product tracking platform has been set to target other high-value industries.
The platform has been officially presented at Viva Tech 2018 in Paris, where the founder and CEO of Ardents, Christophe Devins, commented on the collaboration, stating:
“Our alliance with Microsoft to co-develop Adents NovaTrack will offer game-changing blockchain-based unit identification for various industries around the world. Our deep roots and successes in serialization and traceability, enhanced by Microsoft Azure Cloud technology, will provide our clients total transparency all along their supply chains and secure product authenticity for end users.”
According to research from the Organization for Economic Co-operation and Development (OECD), more than 10% of the pharmaceutical products sold worldwide and about 2.5% of the global imports are counterfeit. Therefore, the point of this blockchain technology will be to verify and validate the entire supply chain.
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