Supply chain mapping meets blockchain tracking: Provenance partners with Sourcemap to power end-to-end, robust traceability for consumer goods
Sourcemap, New York, and Provenance, London, link their digital platforms for supply chain transparency, enabling businesses in the food and fashion industries to map their supply chain, gather data and track verified claims with the movement of product.
Combining Sourcemap’s upstream mapping, macro risk analysis, and data capture with Provenance-verified business and product claims, as well as downstream batch-level tracking for automatic supply chain traceability.
Sourcemap, New York, and Provenance, London, link their digital platforms for supply chain transparency, enabling businesses in the food and fashion industries to map their supply chain, gather data and track verified claims with the movement of product.
In 2016 alone, reports of food fraud in cheese, olive oil, beef and seafood* highlighted the business risks of opaque supply chains, and the growing consumer demand for knowledge. In May of 2017, 36 million pounds of imported non-organic soybeans were reported to have obtained “organic” labels** for domestic sale in the US. Across industries, robust systems for understanding these risks, and ensuring integrity in supply chains is needed more than ever.
Companies are clamoring for ways to trace their products, whether to protect their reputation, to inform their customers, or to ensure the quality and authenticity of goods. But today's supply chain software can't scale up to the complexity of modern supply chains.
Enter Sourcemap and Provenance. Sourcemap's supply chain social network connects all of the suppliers and sub-suppliers in a global network, ensuring that they are who they say they are. Provenance blockchain technology*** tracks every transaction between the suppliers in real-time, to verify that every product is sourced through the authorized chain of custody. Together, these two technologies are the first to have been conceived from the ground up, to track and trace even the most complex supply chains in real-time.
Combining Sourcemap’s upstream mapping, macro risk analysis, and data capture with Provenance-verified business and product claims, as well as downstream batch-level tracking for automatic supply chain traceability.
What does this mean? Provenance and Sourcemap are currently piloting their joint technology platform with major food businesses so that one day soon, you'll be able to scan a product on a store shelf and know exactly who made it, when and where. And that's just the beginning. You'll also be able to verify the quality, the social practices, the environmental footprint of everything you buy.
Integrated tools for the smart, sustainable supply chain.
“Buyers and shoppers all over the world make daily moral and health compromises without knowing it. Tackling this problem involves several systems to unite and create joined-up solutions for change at scale,” says CEO of Provenance Jessi Baker. “We are excited to partner with Sourcemap to create the bulletproof traceability system industry needs”.
"Our enterprise customers are looking for every assurance that their supply chains are best-in-class, and we're thrilled to provide continuous verification through Provenance's blockchain technology," says Sourcemap CEO Leonardo Bonanni.
Interested? We’re working together with great businesses all along the supply chain across food, beverage, beauty and fashion industries. Contact us to find out how we can help your organization.
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