Vodafone’s Pairpoint and Sensos Team Up to Enhance Global Supply Chain Security
(IN BRIEF) Pairpoint, a joint venture by Vodafone and Sumitomo Corporation, has partnered with Sony Semiconductors’ Sensos to address rising global supply chain fraud. The collaboration integrates Sensos’ AI-driven supply chain management tools with Pairpoint’s secure Economy of Things (EoT) platform to enable real-time tracking and secure transactions throughout the logistics process. Using cellular tracking labels and blockchain technology, the partnership ensures that every logistic step—from shipping to delivery—is transparent and secure against tampering. This initiative not only aims to prevent fraud but also streamlines operations, enhances operational efficiency, and drives cost savings across diverse industries. The solution is currently being tested in Europe and the U.S., showing promising potential to transform supply chain management through innovative technology integration.
(PRESS RELEASE) BERKSHIRE, 9-May-2024 — /EuropaWire/ — Pairpoint, an innovative Economy of Things (EoT) global platform owned by Vodafone and Sumitomo Corporation, and Sensos, a leading supply chain solution company founded by Sony Semiconductors, today announced a strategic collaboration to combat supply chain fraud which continues to rise worldwide.
The partnership brings together Sensos’ supply chain management solution with Pairpoint’s EoT platform to allow logistics companies to track their goods securely at every stage of the supply chain. Using Sensos’ cellular tracking labels and AI-powered control tower to detect supply chain anomalies alongside Pairpoint’s digital identity, trust, and transactional platform, all goods’ movements – from port departures to final deliveries – can be securely and immutably recorded. Goods are then authorised to make automated payments using blockchain technology and smart contract capabilities.
Pairpoint’s secure technology overlays Sensos’ highly reliable, real-time supply chain management solution through the Pairpoint-enabled iSIM and device agent software embedded into a smart label. Every logistic transaction is then verifiable, transparent, and resistant to tampering, effectively combatting fraud, and enhancing trust across the supply chain ecosystem.
Jorge Bento, CEO of Pairpoint, said: “We are excited to work with Sensos to bring the Economy of Things capabilities to the wider supply chain sector. 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.”
The benefits of this partnership extend beyond fraud prevention. The combined solution, currently being piloted in cooperation with the global logistics operator Unilog, part of the ICL Group, at several sites in US and Europe, enables automated logistic transactions, streamlines proof-of-delivery processes, facilitates seamless asset sharing through smart contracts, supports vendor-managed inventory initiatives, and optimises Industry 4.0 manufacturing audits. This holistic approach enhances security and reliability, as well as driving operational efficiency and cost savings for businesses across multiple industries.
Osi Tagger, CEO of Unilog, commented: “We believe that technology underpins superior supply chain management together with deep insight and a strong solution. By navigating across numerous partners, we can deliver a seamless set of robust services for customers that build on the strong Sensos and Pairpoint alliance.”
With its unrivalled combination of AI-powered insights and blockchain-enabled security, Sensos and Pairpoint’s solution promises to enhance supply chain management. As businesses increasingly demand resilient and transparent supply chains, this collaboration encourages greater innovation and progress in the industry.
Sensos is a real-time supply chain management company with offices in US, Germany and Israel. Sensos’ AI-based solution empowers logistics teams to transition from reactive firefighting to proactive decision making, driving faster shipments, smaller inventories and more efficient production planning- resulting in bottom line savings and more sustainable operations. Learn more about Sensos at: https://sensos.io/
Pairpoint (the brand name of DABCo Limited) is a pioneering blockchain technology company dedicated to revolutionizing the industry with decentrialized solutions. Based in the United Kingdom, with offices in London (UK) and Lisbon (Portugal), it is supported by an investment of 60 million euros from Vodafone Group and Sumitomo Group and employs 50 people with specialist skills and experience in IoT and financial technology. Learn more about Pairpoint at https://pairpoint.io
Unilog is a global leader in designing and managing supply chains, offering end-to-end solutions that optimize execution, monitoring, and control of logistics activities. By leveraging advanced technologies, industry-leading expertise, and a network of top-tier service providers, Unilog ensures customer’s supply chain operates at peak efficiency. Learn more about Unilog at https://unilog.company/
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First published in this link of EuropaWIRE.
