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Spherity launches New Product to Support Pharmaceutical Supply Chain Compliance

Already integrated by SAP and rfxcel, the Spherity Credentialing Service is now ready to be shipped to the market

Spherity announces the launch of its new product: The Spherity Credentialing Service, which sets the benchmark for compliance solutions in the field of trading partner verification and is available from today. The product establishes trust in digital interactions between trading partners in pharmaceutical supply chains and ensures compliance with the U.S. Drug Supply Chain Security Act (DSCSA).

Spherity Credentialing Service — Photo by Aron Visuals

We are proud that Novartis, as an innovation leader, is looking to adopt the Spherity Credentialing Service. David Mason, Regional Serialization Lead at Novartis says that “Using credentialing is the first proven digital solution for our industry that addresses the ATP compliance gap of knowing if the counterparty is an Authorized Trading Partner. This is a foundation to meet DSCSA requirements by 2023.”

SAP and rfxcel have integrated the Spherity Credentialing Service within their verification routing service solutions to be able to share and verify the Authorized Trading Partner (ATP) status in product verifications. Herb Wong, Vice President of Marketing & Strategic Initiatives at rfxcel says “The Credentialing Service is the most comprehensive effort to address the upcoming Authorized Trading Partner requirement for DSCSA. rfxcel was impressed to see how seamlessly it integrated with our solution.” Dr. Oliver Nuernberg, Chief Product Owner at SAP says “For SAP, one of the key requirements was to ensure that the existing returns verification process is not impacted by adding credentialing. By making the credentialing optional, we further ensure that our customers can add this capability over time without disrupting existing processes.”

The Spherity Credentialing Service enables supply chain actors to verify in real time that they are only exchanging information with Authorized Trading Partners (ATP), as per DSCSA requirements, even when they do not have a direct business relationship yet. The Spherity Credentialing Service integrated Legisym as credential issuer and is based on the ATP architecture that was tested by an industry wide pilot. Beyond DSCSA compliance, Spherity leverages process efficiencies of exchanging data with indirect business partners by avoiding manual and time consuming due diligence processes. Saving significant time and money for all participants in the ecosystem.

To drive the utilization of decentralized digital identity technologies across the industry, Spherity participates in the newly founded Open Credentialing Initiative (OCI). As an industry consortium, this initiative incubates the ATP architecture and governs further standardization efforts.

“Using ATP credentials for product verification interactions is just the tip of the iceberg. The established enterprise identities and associated verifiable credentials will leverage efficiency to exchange data in regulated environments”, says Georg Jürgens, Manager Industry Solutions at Spherity.

About Spherity

Spherity is building decentralized digital identity management solutions to power the fourth industrial revolution, bringing secure identities to enterprises, machines, products, data and even algorithms. We provide the enabling technology to digitize and automate compliance processes primarily in highly-regulated technical sectors like pharmaceuticals, automotive and logistics. Spherity’s decentralized cloud identity wallet empowers cyber security, efficiency and data interoperability among digital value chains. Spherity is certified according to the information security standard ISO 27001.

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Press Inquiries
For press relations contact:
Marius Goebel
communication@spherity.com

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