Internet of Things (IoT) and Blockchain are two technologies that, to many experts in the field, will revolutionise in the immediate future a great many aspects of our life, whereas they are already used with huge benefits in several industrial sectors.
Internet of Things (IoT) describes the proliferation of always connected devices which acquire and communicate data, and the virtual environment created by the interconnectedness of these everyday use devices. Each device can become smart (that is, with the abilities of self-identification, localisation, status-diagnostics, data acquisition and communication, processing and implementation) and be connected through standard communication protocols. IoT applications deal with domotics, automotive, environment monitoring, smart city, healthcare, constituting a strategic technology for transports and logistics of the whole food&beverage supply-chain. The data customisation is another gain deriving from the use of IoT for supply-chain traceability, since one can communicate only useful information on a case-by-case basis. Also, by overcomplicating difficulties for counterfeiting practices, the IoT paradigm can contribute to the construction of a food safety framework, for the full benefit of the consumer.
Blockchain is a distributed database that allows to register efficiently and in an unamendable way transactions (of assets, money, …) between many parties, each having a copy of the “database” itself to validate the transactions. Blockchain’s revolutionary component is its ability to allow communications or transactions between two parties without the need of a third party to certify them. While there are many areas of application still unknown, one of those concerns the adoption of Blockchain technology for transports and the food&beverage sector. For instance, a producer who liked to ensure supply-chain traceability for her/his wine from the winery to the table, by uniting IoT and Blockchain, could monitor the product’s state of health and put data in an unamendable ledger whose access would then be permitted to the client, who can thereby be sure of the product’s handling during its whole lifetime.
Among innovative companies operating in these areas there is also Wenda, which did not just implement Blockchain paradigm in a stand-alone way; instead, it wanted to merge IoT and Blockchain technologies. Thus, it is possible to achieve a complete solution that produces specific, reliable and unamendable data. To do so, Wenda has chosen an international partner based in London and Stockholm: Chainvine, a company specialised in technological solutions based on Blockchain.
“The opportunity of working together with Chainvine on such important themes as transparency and safety in the supply-chain thanks to Blockchain innovative tech, allows us to integrate, in a single solution, information regarding both product quality and the safeguarding of each delivery” said Antonio Catapano, Wenda’s CEO.
“Wenda’s approach to IoT and its experience with system integration is outstanding. While we try to further expand our Intelligent Commodity work, the partnership with Wenda will help us implement our Intelligent Commodity concept” stated Oliver N. Oram, Chainvine’s CEO.