GS1 and Blockchain, The key to change the traditional Supplychain (Part 2)
We have come across an article talking about the importance of the standardization of products and GS1 Barcode and some simple examples (you can see the article here).
And to answer the last question of this artilce : “Can GS1 and LINA NETWORK’s Blockchain work together?”, Let’s see what LINA’s Supplychain applications have to do with GS1 through the following article.
LINA Supply Chain application is Supply Chain Management using Hyperledger Fabric. Also it is using the technology so-called side chain combined with payment platform ERC-20.
LINA Supply Chain selected as a key strategy in developing technological applications, LINA has made significant achievements with this project. Seeing that, GS1 chose LINA as a Platinum partner and supported the completion of standardized procedures for traceability, Master Data and EPCIS in combination with Blockchain technology of LINA Supply Chain application.
About GS1, they are very interested in Blockchain technology and have cooperating with partners (Trade-Van and CAT Telecom) to deploy their own blockchain platform on the storage and exchange of customs information between Thailand and Taiwan, with called ‘Cross Border Blockchain Platform’ (CBBP).
This platform not only transparency, simplified procedures, as well as accelerate the process of customs between the two countries Thailand and Taiwan, but also achieve paperless. With this platform, all customs documents are digitized (e-document) and uploaded to the blockchain in a coordinated manner so that users can see, edit, submit, withdraw … these documents in real time.
The benefit of applying CBBP is to implement paperless processes, shorten the C2 process (cargo clearance with document approval) from 2–3 days to 2–3 minutes and be able to apply GS1 standards such as GLN and GDTI into documents.
With efforts in researching blockchain technology into upgrading standards and improving Supply Chain management, GS1 expects to cooperate with LINA to help this organization accelerate the research and deployment project.
This is also a great opportunity for LINA, with its experience and popularity, Thailand GS1 will be an important advisor in completing Supply Chain application with GS1 standards as well as a bridge for LINA NETWORK in introducing Blockchain application on Blockchain platform for companies that are in need.
The details of this project will be shown in part 3 of this series.
Follows us for updating news at:
