Microsoft & Ardents Create ‘Ardents NovaTrack’ Blockchain Supply Chain Tracking System
Microsoft And Ardents Present A New Blockchain-Based Supply Chain System
A new partnership between Microsoft and Ardents a supply tracking solutions provider has been formed. The main mission of the partnership is to create a new tracking platform that mainly uses the blockchain technology and artificial intelligence.
The new tracking platform that was first presented in Paris in 2018 is called the Ardents NovaTrack. The new system has the capability of tracing a single product from the time it is ordered to the time it is delivered. Users can be able to trace their products from one end to the other. Ardents NovaTrack was first designed to serve the pharmaceutical industry with the mission of fighting the distribution of fraudulent drugs. The product is slowly transforming its features to be able to serve high-value industries.
The new product has integrated technologies such as blockchain, artificial intelligence and Internet of Things into its system. Artificial intelligence is being provided by Microsoft through its Microsoft Learning and Business Intelligence segment.
According to the statistics provided by OECD, 10% of the distributed and sold pharmaceutical products are counterfeit. 2.5% of the imported pharmaceutical products are also said to be counterfeit. Scientist.com, a research marketplace focused on life science, revealed that a new blockchain platform is designed to curb fraudulent activities. The system is set to monitor and protect data from the pharmaceutical industry. The new technology will play a critical role in verifying and validating the whole supply chain.
Adoption Of The Blockchain Technology By Walmart And Swiss Airport
Walmart retail company in the United States announced in April that it was ready to try out the new blockchain technology. The company is planning to try it out in its food segment with the aim of cutting down on waste, contamination as well as increasing transparency.
Swiss airport also revealed that it is planning to launch the blockchain technology on its ground handling and cargo segment. The main aim is to create an efficient and transparent platform for its supply chain partners.