Blockchain-based Smart Warehouse for Pharma and Food Launched
Bahrain’s MVC Global, providers of supply chain track-and-trace platforms, has announced a strategic partnership with Bahrain's Cox Logistics Group to launch a first-of-its-kind 'SmartHub' logistics warehouse for pharmaceuticals and food to be headquartered in Bahrain and serve the GCC market.
The next generation logistics warehouse will utilise emerging technologies to ensure the speedy and efficient distribution of much-needed foods and medicines across the entire GCC, drastically reducing the time required for paperwork, administration and bureaucracy.
It will be the first ‘smart hub’ in the middle east to integrate a track and trace system on a blockchain platform with smart contracts for customs clearances and fee payments.
The MVC ‘SmartHub’ platform integrates blockchain with serialised Track & Trace, IoT sensors, and ‘SmartPass’ with smart contracts for compliance and government clearances, as well as Fintech for supply chain finance and cross border payments.
The ‘SmartHub’ will combine MVC’s platform with advanced AI technologies and will facilitate both Cold and Non-cold storage distribution for food, pharmaceuticals and medical supplies in Bahrain and across the GCC.
The configuration and deployment of the system are currently underway.
The common aim is to deploy a network of Smart Hubs and Node Operations with ‘SmartPass’ across the entire GCC.