Our Blockchain Use Cases for Supply Chain Managers, insurances and  decision makers of various companies.

ivault Blockchain GPS Asset Tracker to prevent Cargo theft

3 Case studies of Blockchain for Asset Tracking and Theft Prevention

What are the best Blockchain Asset Tracking Solutions for cargo, logistics, and supply chain management in 2022? How well do they work? And which applications are already on the market to benefit your company?

We present 3 use cases of real-time container track & trace and supply chain monitoring solutions to prevent cargo theft and counterfeiting crime for a wide range of industries. One example is our successful pilot case study with the ivault™ Platform and GPS trackers customized for seamless waste tracking of the long-established specialist recycling company RCS Entsorgung GmbH from Germany.

Blockchain in Logsistik und Transport-CH Messe 2021 presenting ivault's GPS Asset Tracking System.

Blockchain in logistics and transportation with ivault’s GPS Asset Tracking System: Business Development Manager Markus Kuhlmann und CTO Martin Beyer visiting the 11. Schweizer Nutzfahrzeugsalon transport-CH Expo, Bern on Nov. 2021.

What is Asset Tracking?

Asset tracking means the full and transparent tracing of information about assets of all kinds, including location, status, position, and other relevant information. This includes goods and merchandise, private property, like valuables or other items.

The term refers to the method of tracking physical assets or products back to their sources, e.g. by scanning barcode labels attached to a company’s asset. In addition to RFID and GPS devices, this includes NFC tags and QR codes printed on labels of products that can be easily scanned using smartphone cameras or apps.

Groundbreaking asset tracking solutions, such as ivault, also use blockchain or IoT combined with top-grade GPS trackers to efficiently track items and accurately determine and verify geolocations and other conditions at all times. While the range of RFID tags for signal transmission is limited, certain technologically advanced GPS asset tracking devices are promising in global logistics monitoring, container track & trace, and cargo theft prevention — especially when implemented with blockchain technology.

What are GPS Asset Trackers?

Tangible assets can be tracked with devices that combine common GPS tracking systems with cell phone and/or satellite phone technology. Tracking devices of this type are called GPS asset trackers. They differ from conventional GPS tracking devices in that they are powered by an internal battery and can transmit location data accordingly, independent of the vehicle battery.

Thanks to these asset trackers, the location of global container shipments can be determined in real-time at any time during transport or warehousing. In this way, entire transport routes of deliveries of any kind can be fully tracked and monitored.

Blockchain Asset Tracking
— Use Cases for 2022

Vault Security Systems AG has worked with various industries of different sizes. In addition to our blockchain-based supply chain tracking solutions to prevent pharmaceutical counterfeiting (with corresponding pharma packaging solutions), we also dedicated a pilot project, for example, to customized Blockchain Asset Tracking Solutions to prevent container theft as well as waste tracking for large recycling companies. We will talk about these use cases below.

If you are missing an example of a customized solution for your industry, please contact us right away. We would be happy to advise you on a cost-efficient blockchain-based tracking solution that fits your company’s needs:
Get in touch now.

1. GPS Asset Tracking to prevent container theft

Organized criminals, unfortunately, do not shy away from stealing containers even if they weigh several hundred pounds. Most of our customers fall victim to container theft over and over again. They report stolen shipments several times a year and incur huge losses. Meanwhile, the stolen containers are transported away for hundreds of miles in plain sight.

Preventing theft by combining blockchain with GPS asset tracking devices (on market); can be used to track stolen containers and prevent cargo theft on a global scale.

Blockchain-based GPS Asset Tracking on the ivault™ Platform (on market) for containers, vehicles, or large products; tracks data on geolocation, local conditions, and more, in real-time. 

 

For us, the optimal solution to this massive problem that many companies have was to use top-grade GPS asset trackers with built-in anti-theft technology, and some other small-scale devices like movement sensors. But it is not enough to simply attach these to the containers.

You have to keep in mind different circumstances: One challenge, for example, is that containers can be seen as outdoor-stationary objects as they stand in one place for months or even years and are exposed to extreme temperatures. Our tracking technologies must therefore not only offer the highest possible security standard and theft protection. You also have to make sure, they work perfectly under different conditions — without running out of juice.

Next, we connected the asset tracking devices directly to the ivault™ Platform. The battery’s life of the devices is estimated at 10 years and various alerts are being sent in case of attempted theft, such as unscheduled movement, removal of the tracker from the object.

The finished tracking application features multiple location and transmission methods while using military-grade end-to-end encryption. They can be individually equipped with a wide range of sensors to track containers and other objects and monitor equipment and conditions.

 

2. Waste Tracking: Monitoring Recycling Containers

Concerning today’s recycling and waste reduction needs, there is an immense need for transportation and tracking solutions for waste products across various industries: be it plastic waste, food waste, or hazardous industrial waste. Blockchain-based technologies such as ivault can help waste tracking, from monitoring the correct disposal of hazardous industrial by-products to large shipments of recycling containers.

Companies in the recycling and waste management industry are also facing new challenges after climate change and digitalization: To reduce the CO2 emissions of the vehicle fleet, transport routes must be organized efficiently to avoid empty runs, for example. Accurately determining the current locations of containers is just as important as calculating optimal routes.

Our asset tracking use cases include a customized blockchain solution for tracking waste containers, which we worked out together with RCS Entsorgung GmbH from Germany. After successfully completing a 6-month trial, it is now on the market.

For this, among other things, we attached sensitive GPS trackers to containers and paper presses, which provide real-time data on current locations and transport routes as well as information on current usage via the cloud-based ivault™ Platform. This information can be accessed at any time via a web interface. You can read the full press release in German here:

PRESS RELEASE: Blockchain-based GPS Tracking to monitor waste disposal and recycling containers

3. Global Supply Chain Tracking and Monitoring

Every company with more or less complex supply chains and sought-after products faces certain challenges. ivault focuses on counterfeit protection, theft prevention, as well as customer relations. Yet, it always depends on the individual case: A pharmaceutical company or a luxury brand might need blockchain tracking solutions that look very different from what a large fishing company or other food suppliers are searching for.

Most recently, we talked about how blockchain can increase the security of global supply chains and their protected products. We also explained, how GPS trackers on fishing boats can help determine the unique geolocation of fishing boats to help make fishery more sustainable. Subsequently, the sustainably caught fish can be equipped with further tracking devices and identifiers, such as NFC chips or QR codes, to be shipped to the end customer.

In this TED Talk, supply chain innovator Markus Mutz explained how exactly tracking on the sea can be used as an environmental protection measure and how verified information about a sustainably caught fish reaches the individual buyer in the supermarket:

How does Blockchain Asset Tracking work?

Of course, with the blockchain-based technology of the ivault™ Platform working seamlessly in the background, the perfect solution is different for each and every supply chain. Retrieving information about supply chain sustainability might already work well with QR codes printed on the packaging of products registered on the blockchain.

However, manufacturers of pharmaceuticals — as well as the electronics or automotive industries — want to track branded products and spare parts even more efficiently. Like many other companies facing counterfeit products and stolen goods (or entire containers being stolen), they particularly benefit from a combination of different visible and invisible identifiers.

This allows them to ensure a double level of protection against theft and counterfeiting for each individual product:

  1. A visibly printed QR code on the packaging can be scanned by end customers using a smartphone and already offers effective protection against counterfeiting when it’s connected to a blockchain platform. Counterfeiters can still copy QR codes, but if copies are then scanned, they will be noticed in individual cases already — thanks to the transparency and immutability of the blockchain platform.
  2. Hidden NFC chips or RFID tags can then be integrated additionally, for example in the packaging of pharmaceutical products, which means that no tampering attempt can go unnoticed. In addition, it can be precisely traced back to where exactly counterfeit products have entered the supply chain. This can help companies to track down criminal activities much faster.

  3. Communication in a GPS-enabled asset tracking system: Another useful case study is a GPS device that can communicate with NFC, for example. At ivault, we can attach a high-grade GPS tracker to a truck or delivery vehicle. Products inside are equipped with an NFC chip each that communicates with the GPS. The GPS sends data about each product from their NFC chips to the blockchain platform. For this, we also developed NFC tagging systems with waterproof and washable chips that can be used in clothes. Others can also be integrated with metal products without losing conductivity.

Moreover, companies can create a new transparent and authentic communication channel between their brands and their customers, start collecting zero-party data and build long-term customer relationships and customer loyalty.

Blockchain tracking for Supply Chain and Logistics with GPS Trackers to prevent theft crime and track every step of production, global shipments or recycling

ivault’s Blockchain-based technology for cargo logistics, supply chain monitoring, and waste tracking with GPS asset tracking devices to prevent theft crime and to get real-time data on complete product life cycles, global shipments, recycling, or other sustainable measurements to protect the environment.

Advantages of Using Blockchain for Asset Tracking

So, why exactly is Blockchain being used to improve GPS trackers in logistics and transport? How can a Blockchain platform help with tracking physical assets, when we are already using the best GPS trackers out there? And is it worth what it costs? Here are some answers.

Our current GPS technologies need an upgrade that finally makes a difference as the numbers of container thefts continue to rise despite all the measures taken so far. Again the best solution for this problem is Blockchain. Because the future technology offers one core advantage and that is trust — a value proposition that also characterizes ivault.

Distributed ledgers are decentralized, resilient, and secure — these are the main advantages of Blockchain in general. Hence, Blockchain can make traditional GPS systems more secure, resilient, and data transmitted can be stored in a decentralized and thus hacker-proof way.

For example, it will be much easier to unambiguously verify geolocation in real-time, as it is impossible to manipulate data once it is on the blockchain. After all, data is no longer stored centrally on one potentially frail server only, but distributed across multiple computers.

In addition to the forgery-proof documentation, the system’s character as a neutral platform is another major advantage. A middleman is no longer necessary, and with all this, blockchain also helps to increase efficiency: the system enables the management of cross-organizational processes and can still be easily integrated into existing systems, which makes it above all a cost-efficiently smart product.

This seems to be the perfect solution for the global logistics and shipping industry, from food suppliers’ or luxury goods deliveries to industrial waste disposal and recycling, antibiotics or vaccine distribution, or multi-million dollar medical devices being shipped and not stolen (again)

B2C: Digital Asset Tracking for Consumers

Of course, private individuals are also very interested in protecting their belonging and tracking assets in case of loss or theft. Especially when it comes to mobile assets such as stolen bikes or cars.

With the ivault™ App, users can digitalize assets and rely on their local community: If something is lost or stolen, other users can help recover the missing item. Thus, affordable blockchain-based theft prevention comes not only to companies and brands but also directly to people with the launch of the app:

Everyone can protect their valuables and track items with blockchain, whether they own very expansive items, they want to protect from thieves, or they simply want to make sure, things with a special meaning will find their way back thanks to someone helping out. At last, people can build a stronger community thanks to the ivault App, focusing on mutual support and safety.

Of course, the app also offers potential for the use of asset tracking technologies such as GPS trackers to prevent bike theft, for example, or to track down and find lost pets. All kinds of asset tracking devices are already being used everywhere on a large scale, of course. Yet, what’s still missing is a secure and trustworthy platform based on Blockchain behind the asset tracking devices for personal use to receive verified data about the current location of a stolen vehicle, for example.

Read more about this in Germany’s most reliable Financial & Business Newspapers Handelsblatt:

 

Handelsblatt Advertorials for ivault

 

from sustainable blockchain solutions for supply chain to social applications to benefit every single private citizen

CNN, Fox & more:
5 Ways to Use Blockchain for Social Impact and Global Change


Today, we are thrilled to announce: The ivault™ App is available on the Apple App Store and Google Play Store now. In the meantime, our educational commercial has been featured on Fox Business Network, CNN Headline News, and many others. Watch the video below and read about 5 ways we use Blockchain Technology for social change, environmental protection, and saving lives…

What is ivault and how does the ivault App work as a Social Network with its basic Lost & Found Platform to find lost items and help others.

From our anti-counterfeit packaging solution for businesses (and end customers to detect fake products) to the ivault™ App, a new lost & found app – based on a Blockchain Social Network concept that realizes the vision of using Blockchain for social impact to benefit local communities on a global scale. 

So, we can proudly say: Our flagship brand is a successful brand already.

But how did we get there? You will know after reading about these 5 things the ivault Blockchain can do to benefit society and make the world a better place:

  1. _ Saving lives.
  2. _ Increasing consumer safety.
  3. _ Helping sustainable development goals and green consumers.
  4. _ Tracking assets to prevent theft.
  5. _ Building a safe social engagement platform to find local help.

The ivault Blockchain explained on Fox, CNN and others

In September 2021, our short educational video about ivault aired nationally on Fox Business Network and CNN Headline News. We added the video below for you to watch right away.

ivault™ is a successful brand already.

However, a brand reputation like this poses requirements for any future-oriented company. It demands corporate efforts towards sustainability, environmental protection, and social responsibility.

Thus, we aim to use sustainable technology solutions based on Blockchain for social impact and the environment all around the globe. Below, you can read about the 5 things a “Social Blockchain” can be used for to make the world a better place.

For more information about our innovative product using Blockchain Technology for social change, visit ivault.app. Or try it yourself: ivault is available on the Apple App Store and Google Play Store now.

Using Blockchain for Social Impact

— What is “Blockchain for Social Impact”?

The term “Blockchain for Social Impact” was coined by the Blockchain for Social Impact Coalition (BSIC). Their mission is to incubate, develop, and implement blockchain solutions that can address social and environmental challenges across the UN’s Sustainable Development Goals (SDGs).

Now, we want to show you

  • why we use Blockchain for social impact,
  • how distributed ledgers can actually benefit society, and
  • what it means to use Blockchain to drive social change.

— Why use Blockchain for social impact?

First of all, we want to address social challenges because, in our opinion, every company nowadays has to take social and ecological responsibilities. To actively help the environment is a major necessity in modern economics and technological innovation.

It is no secret that companies usually want to make money. But some exclusively try to make as much of a profit as they can. Without caring for our planet or fellow human beings. These businesses are, for example, the counterfeiters we are trying to fight
— with distributed ledger technologies.

Secondly, distributed ledger technology, better known as Blockchain, is one of the most secure and powerful technologies available today. Unfortunately, it has not yet been used to its full potential.

That is what we want to change
— with ivault.

Beyond that, luckily, we are not alone. Some companies are already testing blockchain prototypes for future applications to benefit the health and well-being of people. Then, of course, there are similar projects with other promising future projects like Google’s program AI for Social Good.

Now, it’s time to get to the heart of things and discuss, what it really means to use Blockchain for social impact. We are going to show you, how we are using the ivault Blockchain for social impact. Some of the following track & trace solutions for B2B are already on market.

How to use Blockchain for social impact

Here are 5 things Blockchain can be used for to benefit society, boost social change and help the environment:

1. Saving lives.

With Blockchain as an anti-counterfeiting technology.

What type of technology saves lives? Without the heading that suggests “Blockchain as an anti-counterfeiting technology,” you would presumably first think of some medical devices. Likewise, security technology can save lives — another basic answer to the question above.

Blockchain or Distributed Ledger Technology (DLT) has rarely been described as a technology that saves lives. Yet, it is one of the best security technologies we have.

And we can also use it to store health records safely or enhance medicinal technologies in different ways. In our case, for example, to prevent theft and fight counterfeit products that cause millions of deaths each year all around the globe. Especially, in the pharmaceutical industry.

By making it much easier to detect and prevent counterfeit and stolen goods in the supply chain, Blockchain Technology as an anti-counterfeiting solution can reduce the number of deaths by counterfeit drugs and, thus, save many MANY lives.

Here is one of our most illustrative blockchain use cases for pharma that will have a massive environmental and social impact all around the globe.

► Anti-counterfeiting pharmaceuticals

Counterfeit drugs can cause substantial damage, not just to a company’s reputation.

When it comes to the pharma supply chain, Blockchain Technology can be used to track pharmaceutical products and third-party ingredients more efficiently than ever.

In order to track products, we use a special blockchain design to store a digital twin of products. Products are then integrated with unique physical identifiers and modern tracking technology like QR, NFC, RFID, or GPS trackers to identify and track assets.

We are using supply chain solutions to combat counterfeit products in the pharmaceutical supply chain.

Essentially, what prevents death by counterfeit drugs is supply chain transparency and some way for the consumer to check a product’s authenticity before use.

Use case: Blockchain as anti-counterfeiting technology for the pharma industry

Use case: Blockchain as anti-counterfeiting technology for the pharma industry reducing the number of deaths caused by fake prescription drugs.

 

Our blockchain solutions enable the end customers to detect fake drugs themselves by scanning the ivault.verified anti-counterfeit label on a product’s packaging.

If it is an original it is easy to verify product authenticity and the consumer can be sure that a product is really safe to use.

This simple act can not only save lives, but also brand reputation.

► Preventing deaths by other counterfeit goods

We are currently focusing on blockchain solutions in pharma as fake drugs are a major global threat to humankind.
Of course, it is not only fake medicine, posing serious health threats and causing fatal incidences. Almost every industry desperately needs better anti-counterfeiting technologies. Other examples of dangerous counterfeit goods you might not think of in the first place:

That is why we want to take anti-counterfeiting technologies to the next level and provide solutions that are accessible and easy to use for your end customers as well.

2. Increasing consumer safety.

By increasing supply chain transparency and protecting products.

Successful companies want brand protection. That is a considerable market as traditional logistics and data management systems still fail to ward off counterfeit and pirated products.
 Increased supply chain transparency and security make it much easier to detect and prevent fakes and stolen goods from entering the supply chain.

However, DLT-solutions for businesses — like ivault — not only protect brands and secure supply chains. Blockchain can also enhance the safety of consumer products of any kind.

How? Product authenticity can be monitored and verified throughout the production — from third-party suppliers’ parts to the end consumer, including those who buy a product second-hand (or even third-hand). Supply chain managers can check the authenticity of parts and ingredients much like the end customer as described above.

By implication, increased product safety also means improved consumer safety which benefits society globally.

Nevertheless, trademark protection is by no means secondary. Here is an outraging story that shows: Better brand protection solutions (even for luxury goods!) benefits society globally — by fighting organized crime that is potentially funding other criminal activities:

► TED Talk: Counterfeiting handbags is not a victimless crime

The end customers — an essential part of the supply chain — are affected much worse by cheap and harmful imitations like faulty car parts or fake drugs. While large corporations make “only a few billion in loss,“ consumers may have to pay with their lives.

That makes it understandably hard for people to feel pity for big companies suffering from brand counterfeiting but still making loads of money. 
Many people would still be glad to find a good Gucci fake on vacation.

But, as counterfeit investigator Alastair Gray states in a TED Talk (How fake handbags fund terrorism and organized crime):

“Counterfeiting is not a victimless crime.”

Even in the case of counterfeit fashion accessories, like the seemingly innocent fake handbags at the beach…

ivault enables anyone with a smartphone to become a counterfeit investigator for their favorite brand or company. Consumers can scan QR-Codes printed on the ivault.verified anti-counterfeit label on the product packaging.

Embedded NFC chips are even safer and can be fully hidden inside a product or its packaging. Scanning an ivault.verified product with an NFC chip reader app still works very well even with metal objects.

3. Helping people live a more sustainable life

By providing verified data about green products. 

Nowadays, sustainability is an enormous and growing competitive advantage for companies. The modern consumer is concerned with the sustainability of products and manufacturing conditions, from organic food to fair trade fashion. To comply with Sustainable Development Goals (SDGs) is becoming more important for brand trust.

Now, Blockchain can guarantee product authenticity and provide verified data about original products, as mentioned above, through a simple QR scan with any smartphone to get more information about the green products, like sustainability certificates, stored on the blockchain.

This way, as a green company, you can create a new customer experience for those who care for the environment. To help consumers live a more sustainable life and build trust in your brand and products. Here is another example of a startup company that attempts to track sustainably caught fish — an excellent explanation of how blockchain tracking works and how it can contribute to a greener economy.

► TED Talk: Blockchain for fish tracking

Supply chain innovator Markus Mutz discusses a fish tracking use case using Blockchain very well. His startup company OpenSC and WWF are developing a fish tracking prototype using a variety of different tracking technologies.

His TED Talk (How supply chain transparency can help the planet) is an excellent explanation of how supply chain transparency can help the planet using Blockchain, GPS-tracking, RFID, and QR for sustainably caught fish and other green goods. And how verified product information can help people live more sustainable lives:

► Blockchain-based product authentication for green goods

With ivault, companies can not only provide consumers with immutable information about the environmental friendliness of green goods. ivault offers a new and more authentic communication channel to create a remarkable customer journey — based on improved supply chain transparency.

Moreover, our distributed ledger is green as well — the energy consumption is lower than that of any normal computer. We have already discussed how Blockchain can help the environment here: Sustainable blockchain supply chain solutions in 2020.

Use case: Blockchain as anti-counterfeiting technology for the pharma industry

Use case: Blockchain product authenticity verification process to retrieve data about the sustainability of a product.

 

The Blockchain-based sustainability check for mobile devices works essentially the same like the anti-counterfeiting use case in the picture you have seen before — scan a QR-Code or read NFC tags integrated with the sustainable product and the ivault platform will retrieve all the data on the manufacturing conditions and sustainability of this product provided by the company.

4. Tracking assets to prevent theft

Both for B2B, logistics and supply chain, and for consumers.

In the past, we have talked a lot about how we increase overall supply chain security to combat the counterfeit market. For some companies, the number of stolen goods can be a much bigger problem.

We have long been working on use cases for asset tracking, anti-theft and crime prevention as well. We are using Blockchain for container tracking and cargo theft prevention, for example. Some anti-theft systems based on the ivault Blockchain and small-scale technologies, like sensors and embedded chips, are already on the market.

Here is one of them — our pilot project for theft prevention:

► Blockchain & GPS for theft prevention

A few months ago, we entered a cooperation to conduct a pilot for theft prevention of outdoor-stationary objects. The devices are connected to the ivault platform and feature multiple locating and transmission methods while using military-grade end-to-end encryption.

The battery life of the tracking devices is 10 years and various alerts are being sent in case of attempted theft, such as unscheduled movement, removal of the tracker, etc. The devices can be equipped or connected to a wide range of sensors for monitoring purposes.

Preventing theft by combining blockchain with GPS tracking devices (on market); can be used to track stolen containers and prevent cargo theft on a global scale.

Blockchain for theft prevention using high-end GPS trackers.

 

Theft prevention combining Blockchain with GPS tracking devices (on market); can be used to track stolen containers and prevent cargo theft at large. Can also secure expensive medical devices that are being shipped and at high risk to be stolen.

► Bike theft prevention on the ivault App

Private citizens, on the other hand, can use the ivault app to track physical assets. One of the results is that Blockchain can serve as a social deterrent to prevent bike theft and make communities safer.

The Blockchain Social Network concept also sets a new security standard for other social media platforms with a long history of abusing and selling personal data of customers…

In contrast, by using Blockchain to protect user data, we are creating a social platform that leaves no space for criminal cyber activities to hack and steal data. We are excited to combine our B2C solution for physical asset recovery with asset insurance in the future as well.

However, we will discuss both B2B and B2C Blockchain / Asset tracking use cases in the next entry.

Anti theft: bike theft prevention with the ivault App.

Anti-theft: bike theft prevention with the ivault App.

5. Building a social engagement platform

To find help when you need it

As our CEO Arman Sarhaddar states in our US TV commercial: In the past, way before the revolution of the internet, people had more compassion for each other. If someone lost something, they would help look for it. If someone needed to borrow something, there would be no question to help out.

Unfortunately, those habits got lost in this fast-paced society we are living in — despite being more connected than ever through digitalization and globalization.

With the ivault mobile app for local communities, we are creating a social engagement platform for private citizens to find local help more easily. We enable every single person to use Blockchain for social impact by supporting each other. Apart from our huge lost & found database, anyone can lend or borrow items or simply ask their local community questions.

A digital social engagement platform like this makes it much easier to help others and to get help quickly whenever you need it.

And it can effectively boost social change.

ivault social engagement platform for locals to help each other and meet new friends with the highest level of cybersecurity.

Visit ivault.app to get the ivault App — a social engagement platform for locals to help each other and meet new friends with the highest level of cybersecurity.