Microsoft co-develops anti-fraud supply chain solution

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As many of the big companies have seen the power and many use cases of the blockchain almost daily we can see some kind of new implementation supported or developed by a global company.

Microsoft in partnership with the supply tracking solutions provider Ardents, has plans to develop a product, a tracking platform that will utilize blockchain and artificial intelligence.

The name of this product will be Ardents NovaTrack and it has been presented at the Viva Tech 2018 in Paris. This solution offers an end-to-end trace ability and visibility from the origin point until the very end of the supply chain. This will enable users to very easily trace every product. It has been initially designed for the pharmaceutical industry to try fight the distribution of fraudulent drugs.

Ardents CEO and founder Christophe Davins has stated:

“Our alliance with Microsoft to co-develop Ardents 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.”

Data collected by the Organization for Economic Co-operation and Development (OECD), has showed an estimated 10 percent of pharmaceutical products that are sold worldwide and 2.5 percent of global imports are counterfeit.

Many of the global companies are now trying to incorporate blockchain in their supply management as one of the biggest retail chains Walmart in their live food business.

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