IT IS all happening in the world of blockchain, with Aussie start-up TBSx3 announcing it is joining the GS1 Australia Alliance Partner Program.
So what does all this mean?
Well TBSx3 is an Australian start-up. According to its own statement, TBSx3 aims to restore trust in international trade by using blockchain technology combined with advanced anti-counterfeit technology.
GS1, meanwhile, is a not-for-profit organisation that provides standards, services and emerging technology to help resolve challenges and improve inventory accuracy, visibility and traceability of supply chains.
TBSx3 chief revenue officer Pieter Vandevelde said their entry into the GS1 Australia Alliance Partner Program (as an Associate Alliance Partner) showed commitment to enabling brands to protect their supply chains.
“The TBSx3 technology also helps brand owners and retailers reassure their consumers that their products are genuine and safe,” Mr Vandevelde said.
He said TBSx3 technology was backed by an international blockchain consortium of freight forwarders, shippers, sea-port and airport operators.
GS1 Australia manager – business development and partnerships, Sean Sloan said, the entry of TBSx3 into the Alliance Partner Program was a great asset.
“We look forward to working in partnership with TBSx3 in the Australian marketplace to combat the trade of counterfeit goods including food, wine, dairy, meat and pharmaceuticals using GS1 standards,” Mr Sloan said.