Citizens Reserve, the developer of the SUKU supply chain platform, has partnered with Dutch RFID company Smartrac.
Citizens Reserve, Inc., developer of the SUKU supply chain platform, has partnered with Dutch radio-frequency identification (RFID) and Internet of Things (IoT) company Smartrac.
Forbes reported that Smartrac, purchased in 2010 by JPMorgan-owned One Equity Partners, will be integrating blockchain technology in its products, to enhance security and tracking abilities. Its CTO, Dinesh Dhamija, said in an email, “The combination of Smartrac’s digital enablement capabilities along with Citizens Reserves’ SUKU platform will provide a unique identity for each physical product with a transparent and accessible supply chain solution.”
He added that SUKU will provide the means to ensure traceability and prevention of problems such as data tampering and counterfeiting. “We embedded transponders into physical goods in the raw materials stage, which allows for high traceability during the manufacturing and shipping processes. Complimenting RFID technology, blockchain is able to autonomously track physical goods through the whole supply chain process,” Dhamija said.