New platform has combined GS1 2D Data Matrix, smart contracts, geolocation identification and product biometrics tracking
Photo as seen on company website
ACG Inspection, one of the four businesses of ACG Group, has introduced an advanced blockchain-based solution that exceeds traceability and anti-counterfeiting requirements in the pharmaceutical supply chain.
The company’s Brand Security Platform combines GS1 2D Data Matrix, smart contracts, geolocation identification and product biometrics tracking to ensure the whereabouts and contents of packaged medicines are tightly monitored through their entire supply chain journey from manufacturer to end user.
The new system provides a transparent experience to all stakeholders along the supply chain, simplifying the overall process through distributed ledger technology and single ownership. It has been designed to overcome several longstanding obstacles to advanced traceability, including the challenges of establishing single-owner data sets, and the prevalence of digitally broken supply chains stemming from, among other issues, struggles with GS1 universality, personnel error and new business models disrupting traditional procedures.
ACG Inspection’s solution has three primary components, each of which can be incorporated individually or bundled per customer needs. The customisable products are also scalable, amounting to geolocation solutions that can provide everything from basic data management to full-scale, supply chain-wide transparency.
Blockchain: With Distributed Ledger Technology (DLT) and smart contracts, all medicines and buyers, sellers, logistics partners and manufacturers are registered to one network, making it impossible for outsiders to manipulate the supply chain at any point without detection.
Internet of Things (IoT): All participants in the delivery chain can be connected to the network using any GS1-compatible application, such as the ACG Inspection mobile application, the ACG Inspection web platform, or any other application integrated into the ACG Inspection platform. ACG Inspections Geo Location and product biometrics trackers tagged to the products always provide all the data required for monitoring the location information and biometrics of the package.
Artificial Intelligence (AI): Participants can be alerted in real-time regarding any temperature breach if the temperature of the medicine/drug rises above or falls below the desired threshold level, Geo-Fencing breach, or any deviation in the route planning, enabling real-time decisions. If the steady stream of data determines unacceptable deviations, the corresponding package is automatically invalidated.