Chronicled, Inc. a smart supply chain solutions company based in San Francisco, CA, and OCEASOFT, a data logging company based in Montpellier, France, today announced a strategic partnership to cross-sell and integrate each other’s platforms and solutions.
“By partnering with Chronicled, we gain a solid blockchain strategy. As the pharmaceutical industry in the United States moves onto blockchain to meet its track-and-trace requirements, we can leverage our partnership to integrate these workflows and cold chain monitoring requirements to provide more value and better ROI for customers,” says Laurent Rousseau, CEO of OCEASOFT.
“We’ve discussed cold chain monitoring objectives with many of our life sciences customers,” says Ryan Orr, CEO of Chronicled. “Our goal is to make best-in-class technologies available on our platform to meet industry requirements. With wireless connectivity, OCEASOFT data loggers solve many of the problems faced in the cold chain logistics industry, notably eliminating the need for USB plugs; automating data retrieval with BLE, LoRaWAN, and 5G gateways; and offering cross-site visibility of information via apps and a Cloud-based dashboard.”
When blockchain and cold chain come together, added value can be achieved with respect to conventional systems, including:
Secure Data Logs for Audit – a decentralized blockchain offers improved security and resiliency properties for record-keeping over a central back-end database.
Workflow Integration – workflows for track-and-trace and temperature logging operations can be synchronized, thus reducing duplicate record-keeping and systems.
Automated Financial Transaction – when a temperature excursion occurs, a smart contract can generate an automated payment to redress impacted parties.
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.