CONTEXT: A solidly constructed global end-to-end supply chain requires two critical elements – confidence in the authenticity of the product delivered to a customer as well as effective monitoring of the goods-in-transit. However, currently operating supply chain suffer from a variety of limitations: substitution of original products with counterfeits, tampering with sensors, as well as increased product liability costs due to spoilage and waste.
All products of RIDDLE&CODE use our FATHOM HASH middleware. The key purpose of the RIDDLE&CODE crypto-hardware is to create a unique, incorruptible identity of a connected object and allows it to transact with other connected objects on the blockchain mesh. This is achieved by creating a key pair, with the private key stored on the device and the public key stored on the blockchain. The key pair is then used to enable the connected object to autonomously communicate and transact with others on the blockchain.
Potential for real-time
track and trace capabilities
State of the art technology for identity and integrity management of the goods in transit
Optimisation and incentivizing of supply chain efficiency by data-driven decisions
NFC TAG: Tamper-proof NFC tag is attached to the product packaged by the end-supplier and is provisioned with the metadata of the package’s content. At delivery, the NFC tag is scanned by the end-recipient with the ‘Twin of Things’ app on the mobile device for an immediate readout confirming authenticity of the product.
UFH TAG: UFH tags are attached to the packages or pallets transported. UHF tag has a higher communication range, which allows for the data recorded on it to be read out in bulk by warehousing and logistics providers with the appropriate hardware. The readouts are recorded on the blockchain and are accessible by all nodes for real-time monitoring.
ESCROW: Our Bitcoin-based escrow account allows for improved trust for transacting between parties along the supply chain. The funds intended for compensation are transferred onto blockchain escrow account and are released if and when the supplier satisfies the pre-set conditions. As the data related to the package-in-transit is recorded on blockchain, whether the necessary conditions are being met is immediately evident.
Tamper-evident tag secures delivery of the original product to the end consumer
Metadata recorded by the end-supplier and read out by the end-recipient provides for a direct communication between these parties
Data recorded on the NFC tag is immediately retrieved from the logs recorded on blockchain
REAL-TIME MONITORING FOR LIVE DATA-DRIVEN SUPPLY CHAIN MANAGEMENT
Data fed by the readout from the UHF tag enable data-driven decisions for optimised supply chain management
INCENTIVISING OF THE CARRIERS’ PERFORMANCE
Availability of the data accurately reflecting performance of the each link involved in transportation and storage can provide for development of incentives scheme to improve handling Control over spoilage and waste. Ability to prioritise the package handling to ensure optimal quality control
ADDITION OF TEMPERATURE AND GEOLOCATION TAMPER-EVIDENT SENSORS
Enables accuracy in detecting the link responsible for failure in the chain of custody and allocation of product liability costs for insurance. Sensors are given their unique incorruptible identity by cryptographic means. Tampering with sensors will trigger an alert recorded on blockchain
SEAMLESS INTEGRATION IN WAREHOUSE
Featuring an Industry Standard UHF Reader
INCREASED TRUST BETWEEN TRANSACTING PARTIES
Interposition of the escrow account allows for enhanced trust between the parties, as compensation of the supplier is possible only when the latter meets his obligations
Reliable package-related data is being fed to the blockchain by encrypted tags and sensors along the way. This data is accumulated during the transit and is accessible by decision makers to formulate further actions
LEVERAGES ON TRANSPARENCY OF DATA ON BLOCKCHAIN