Hoboken, NJ, – Yoav Levy, Co-founder and CEO of EVIGENCE Sensors™ announced this week that the company has entered into a collaboration agreement with Treum, the track and trace platform from blockchain company ConsenSys, to offer a comprehensive blockchain-based temperature traceability solution.
EVIGENCE provides visual freshness sensors that change color to indicate the product’s remaining shelf life based on its actual aggregate temperature history. The low cost of the sensors enables retailers and suppliers to adopt them on a unit-level in order to monitor and manage supply chains of temperature-sensitive foods. The sensors can also be read by smartphones, creating digital datapoints of actual remaining shelf life at each point in the supply chain, which can be fed into distributed ledger databases.
By creating an open, immutable record of temperature history of perishable foods, both retailers and suppliers can better identify blind spots in their cold chains, decreasing waste and improving the freshness of products. This approach to digitally verifying aggregate temperature history can also assist various parties who need to maintain defined temperature ranges for perishable foods.
Consensys is a blockchain software development firm that helps enterprises implement decentralized solutions to enhance efficiencies, reduce the cost of collaboration, and unlock develop new business models and improve existing ones. Treum is the ConsenSys product bringing transparency, traceability, and tradability to supply chains by harnessing the Ethereum blockchain.
“We are excited to be working with Treum on this initiative, as the retail industry has signaled that blockchain technologies will become an important part of their future IT infrastructures, including those governing supply chains” commented Levy. “Our innovative sensors combined with the software provided by Treum offers retailers an end-to end solution and there an easy entry into this arena”.
Yoav commented further that EVIGENCE is at the forefront of crossing the divide between safe consumption and needless waste for a wide variety of perishable products. “We are globally recognized pioneers who strive to empower companies with the ability to make better-informed, real-time decisions on products in their possession.”
“The partnership between Treum and Evigence was initiated as a direct result of market demand. Legacy supply chains lack visibility, accountability, and traceability, and with the combination of Evigence sensor technology and Treum’s blockchain supply chain infrastructure, we are able to build solutions that customers need today” says co-founder of Treum Tyler Mulvihill.”
About Evigence Sensors
Evigence Sensors™ is redefining how the shelf life of perishable products is monitored with an innovative lineup of small, low-cost sensors. Powering the smart consumption era, its Visual Freshness Sensors offer brands, retailers and consumers a new way to monitor freshness in real time to ensure that products are consumed at their optimal quality while decreasing waste. For more information contact firstname.lastname@example.org/old.
Treum is a blockchain based trust platform that helps organizations build trust with their customers. We do this by bringing transparency, traceability and tradeability to supply chains. Asset and industry agnostic, Treum works with customers across various industries; Food, Consumer Products, Oil & Gas, Healthcare, Luxury Goods, Energy, Land and Art. To learn more, visit https://www. treum.io.
ConsenSys is a blockchain company dedicated to transforming the world’s digital architecture into a more open, inclusive, and secure internet of value, commonly called Web3. With a more trustworthy internet architecture, ConsenSys builds software to help individuals, enterprises, and governments unlock new business models, gain efficiencies through a shared IT infrastructure, and utilize modern cryptographic methods to safeguard private user data. Through our unique global business comprised of a venture fund and startup incubator, Enterprise Ethereum consulting arm, and an educational Academy, ConsenSys is building for the decentralized future.