ACG Inspection Launches Groundbreaking Blockchain-Based Platform

ACG Inspection Launches Groundbreaking Blockchain-Based Platform

Blockchain News
February 13, 2020 Editor's Desk
573
The company’s Brand Security Platform unites GS1 2D Data Matrix, geolocation identification, smart contracts, and product biometrics tracking to assure the whereabouts and contents of packaged medicines are observed by their entire supply chain route from manufacturer to end-user. According to ACG, the new system offers a transparent experience to all stakeholders along the supply
ACG Inspection

The company’s Brand Security Platform unites GS1 2D Data Matrix, geolocation identification, smart contracts, and product biometrics tracking to assure the whereabouts and contents of packaged medicines are observed by their entire supply chain route from manufacturer to end-user.

According to ACG, the new system offers a transparent experience to all stakeholders along the supply chain, reportedly analyzing the overall process through DLT and single ownership. 

The company says that its new product is developed to overcome various longstanding hurdles to advanced traceability, comprising the difficulties of establishing single-owner data sets, and the ubiquity of digitally broken supply chains arising from, among other issues, struggles with GS1 universality, staff error and new business models agitating ancestral procedures.

ACG Inspection’s solution has three primary parts, each of which can either be included individually or bundled. The customizable products are also reasonably scalable, amounting to geolocation solutions that can accommodate everything from essential data management to full-scale, supply chain-wide transparency.

Blockchain

With smart contracts and Distributed Ledger Technology (DLT), all medicines and buyers, logistics partners, sellers, and manufacturers are registered to one network, reportedly making it “impossible” for outsiders to manage the supply chain at any point without apprehension.

Internet of Things (IoT): 

All participants in the delivery chain can be linked to the network utilizing any GS1-compatible application, like the ACG Inspection web platform, the ACG Inspection mobile application, or any other application combined into the ACG Inspection platform. ACG Inspection’s Geo-Location and product biometrics trackers traced to the products reportedly offer all the information needed for monitoring the location information and biometrics of the package.

Artificial Intelligence (AI): 

Participants can be signaled in real-time concerning any temperature infringement if the temperature of the medicine/drug increases or falls under the desired threshold level, Geo-Fencing breach, or any divergence in the route planning, permitting real-time decisions. If the steady stream of data decides unacceptable variations, the corresponding package is automatically nullified.

Upon receiving a unique serial number, QR Code, or DataMatrix for each package, the manufacturer scans the codes to begin the trace & track process. From that point forward, the system’s trackers consistently control and transmit data concerning the package’s temperature, location, and humidity, and any other parameter that is configured. Data is also analyzed to assure compliance with several domestic and international mandates.

Throughout, real-time data is accessible to platform users through a dashboard – a unified space for accurate and easy access to relevant information. When the package ultimately reaches the end-user, the receiving party can authorize the drug before purchase by scanning its code with a POS scanner. Once the final transaction occurs, relevant data is immutably stored in a digital ledger for reporting or recall purposes.

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