Pairpoint is a global platform for the “Economy of Things (EoT)”, owned by Vodafone and Sumitomo – supply chain fraud is a growing problem
Pairpoint is partnering Sensos, which was founded by Sony Semiconductors and specialises in solutions for supply chains, to combat the growing problem of supply chain fraud. Pairpoint is a global IoT platform – or as the marketing would have it, Economy of Things (EoT) platform – owned by Vodafone and Sumitomo Corporation.
Sensos’ management solution working with Pairpoint’s EoT platform will enable logistics companies to track their goods securely at every stage of the supply chain.
Pairpoint’s secure technology overlays Sensos’ real-time supply chain management solution through the Pairpoint-enabled iSIM and device agent software embedded into a smart label.
Every logistical transaction, from port of departure to final deliveries – is then verifiable, transparent and resistant to tampering, helping to combat fraud and improve trust across the supply chain ecosystem.
Goods are then authorised to make automated payments using blockchain technology and smart contract capabilities.
The approach is designed to enhance security and reliability, as well as driving operational efficiency and cost savings for businesses across multiple industries.
Unilog pilot
The combined solution is being piloted in cooperation with the global logistics operator Unilog, part of the ICL Group, at several sites in US and Europe. It is automating logistic transactions, streamlining proof-of-delivery processes and facilitating asset sharing through smart contracts.
Jorge Bento, CEO of Pairpoint, said, “There are billions of parcels and pallets operating across supply chains, and this partnership has huge potential to make them intelligent and equipped for e-commerce through globally connected cellular labels and the Pairpoint platform.”
Aviv Castro, CEO of Sensos, said: “This collaboration represents a major step towards a more resilient and trustworthy supply chain ecosystem. By integrating Pairpoint’s blockchain technology with our AI-powered control tower, we are empowering businesses with unprecedented security over their supply chains, and by proxy granting them more business agility that translates into bottom line savings.”