Adents software company in collaboration with Microsoft has developed a new unit-level product track & trace platform utilizing Blockchain and AI technologies. The groundbreaking Adents NovaTrack offers end-to-end traceability and visibility throughout the entirety of the supply chain.
According to the Organization for Economic Co-operation and Development (OECD), an estimated 10% of pharmaceutical products sold worldwide and 2.5% of global imports are counterfeit. Trust and transparency continue to be significant concerns for businesses, government agencies and consumers around the globe. Tighter control of supply chains is a crucial factor in tackling these issues.
Blockchain presents unprecedented opportunities to secure entire supply chains, yet comprehensive end-to-end security means more than documenting transactions on a shared ledger. Challenges include:
- In-depth understanding of cross-standard serialization protocols
- Ability to define data governance and security policies based on industry standards and business processes as stakeholders are reluctant to share business information and compliance issues impact their governance
- Enormous data volume (hundreds of billions of products circulating worldwide annually) requires powerful AI and BI solutions
- Syncing complex business processes to understand the supply chain, and adapting IT solutions to meet existing and future stakeholder requirements
The Adent’s solution utilizes Blockchain, A.I., IoT and serialization functionalities that, when combined, bring comprehensive visibility throughout product distribution chains & life cycles.
Microsoft Blockchain framework utilizes the Azure Intelligent Cloud platform to provide real-time performance, high scalability, granular business-driven data privacy and security, and energy-efficient consensus. Microsoft Blockchain platform is secure by design, and offers the largest compliance portfolio in the industry.
Adents, headquartered in France, is a software company offering unit identification and market control solutions.