- icbsTracker will enhance Poland’s plan to track and trace assets
- The plan will improve delivery planning and shipping
- The Tangle provides ground for digital automation of Poland’s supply chain
The IOTA Foundation will use its Tangle technology and Masked Authenticated Messaging to support ICBS Poland’s asset tracking and tracing program. The solution is designed to track returnable packaging and containers based on the Distributed Ledger Technology.
icbsTracker to Streamline Supply Chain Management in Poland
According to the company’s official blog post on January 8, 2019, the IOTA powered solution, dubbed the icbsTracker will enhance Poland’s plan to track and traced assets in the supply chain.
IOTA will use the icbsTracker to support ICBS Group customers to improve delivery planning and shipment besides ensuring “a cross-system interoperable chain of custody to manage assets” that are used to transport goods all over Central Europe. IOTA Foundation’s Head of partnerships Holger Köther stated:
“Managing assets in the supply chain is an area where we believe the IOTA Tangle can demonstrate a clear and immediate impact […] we are confident that this partnership will help IBCS Group customers to improve the core processes involved with shipment planning and delivery, while simultaneously working to assert the real-world applications of DLT.”
Even though IOTA’s Tangle uses the Distributed Ledger Technology, the force behind Bitcoin and other cryptocurrencies, IOTA doesn’t require miners to contribute resources in return of incentives to “maintain the blockchain’s security, obtain security, micro-transactions of value and doesn’t charge transaction fees.
The regular blockchain eventually slows down and demands a larger network and more resources but IOTA does the exact opposite. By using the innovative Tangle the blockchain produces higher scalability and becomes faster and more secure as activities increase, creating a more reliable “transaction settlement and data transfer for the Internet of Things.” Commenting on the decision, Brian Marcel, Chairman of IBCS Group said:
“This partnership represents a clear opportunity to solve one of the most difficult logistical challenges present in today’s delivery and shipping industry. […] ultimately, our goal is to provide all IBCS Group customers with a better understanding of where key assets exist in the supply chain, driving greater efficiency and strategic management of their assets.”
Supply chains stretch across different individuals, organizations and jurisdictions require a painstakingly long and detailed process. Stakeholders in the complex and dynamic supply chain management landscape require a single harmonized data depository on which they can rely on updated information.
The components of the distributed ledger component of the blockchain technology, as offered by IOTA’s Tangle and Masked Authenticated Messaging will provide grounds for a better and digital automation across ICBS Group’s supply chain to speed up the tracking and tracing of goods in a sped-up delivery process as the result of a streamlined, automated, and more error-free flow of goods.
