ibcsTracker – tracking returnable assets

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  • IBCS-Poland-Relentless-Innovation-1
  • ibcsTracker_tracking-returnable-assets

Ort Category: ApplicationsOrt Tags: tangle and tracking returnable packaging

  • Most returnable assets in the supply chain are not tracked, or are only tracked manually, a process which creates inefficiencies and economic loss due to low return rates, delays and high costs associated with tracing these items. As a result, a large amount of assets are not circulated back to owners, and instead are either given to competitors or are inefficiently recycled. To remedy these problems, the ibcsTracker solution will provide a unique digital identity for each asset, including position and identity of the organization currently having custody of it, all of which can be viewed and managed through a simple mobile application.

    As a result, companies are able to achieve an accurate overview of assets available for shipment at any given place and time, leading to more efficient delivery planning, reduced administrative burden and greater profits. The ibcsTracker solution will not require integration with different legacy systems or a centralized repository, meaning customers can securely view and request the return of assets for reuse, but without sharing any proprietary or sensitive information with competitors that also have assets circulating within the same supply chain ecosystem.

    ibcsTracker solution is designed to track returnable packaging or containers based on Distributed Ledger Technology like IOTA Tangle. It makes registration of these elements possible:

    – Packaging – uniquely marked (SSCC GS1) returnable assets registered in the system, belonging to registered owner and current user.

    – Owner – business entity registered in the system with unique number (VAT ID) who registered its returnable assets in the system.

    – User – business entity registered in the system with unique number (VAT ID) who confirmed receipt of returnable assets.

    – Activity – new set of data about returnable assets, containing information about SSCC, owner, user, date.

    More at https://www.ibcstracker.com/en/

    IBCS Poland is a provider of solutions optimizing logistic processes in supply chain area. For almost two decades company supported manufacturing and commerce companies and logistic operators, increasing their effectiveness in the field of logistics. https://www.ibcs.pl

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