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Blockchain Platform Leverages RFID Solution for Inventory Management
Citizens Reserve is providing its blockchain solution, enabled by Smartrac's Cosmos software, to the livestock and retail markets, so users can share data with other supply chain members and consumers to validate the conditions of animals and meat.
Mar 18, 2019—
Blockchain and radio frequency identification technologies are converging with a new supply chain-as-a-service platform being piloted by companies in the livestock market, which was provided by Citizens Reserve. The company's solution, known as SUKU Ecosystem, uses its blockchain platform, along with Smartrac's Cosmos software and application programming interface (API), and Smartrac's UHF RFID readers and tags, to enable companies to track their goods on an immutable public ledger.
The initial use case is the management of data regarding livestock moving through the supply chain. With RFID and blockchain technologies, users can capture and share data about the conditions of animals and meat, as well as other information that matters to retailers and consumers, such as genetically modified organism (GMO) status, feed type and quality, and other conditions. The SUKU Ecosystem solution can be utilized by a variety of industries to provide supply chain visibility and authentication.
The platform consists of two primary components, Lapchik says: a system called Marketplace and a solution known as Track & Trace. Marketplace provides data about a product to consumers in the store or after a purchase, while the Track & Trace function is intended to help supply chain members confirm information about a product as it flows to the store. The platform also allows users to build their own supply chain applications using Citizens Reserve's blockchain functionality.
With the technology, participants in a livestock value chain can employ UHF RFID tag reads at various points in the supply chain to capture data they want to view, save and share. They can read and input data regarding the livestock or meat as part of an immutable record proving the product's organic or sustainability status.
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