TrackX to Provide Support for Amazon Managed Blockchain

TrackX (TSXV:TKX), a company that tracks the location of goods through its sensor technology announced that it now supports Amazon Managed Blockchain services. Through its application, supply chain management, workflows and financial transactions will be further optimized. Located in Denver, Colorado TrackX provides services to clients in industries including healthcare, horticulture, transportation and mining.

As quoted in the press release:

TrackX has seen an increased demand from existing and prospective large enterprise customers looking to more effectively track and manage their large fleets of returnable transport items such as beer kegs, intermediate bulk containers, chemical containers and plastic pallets.  Blockchain technology has the potential to further increase the speed at which these returnable and reusable assets are tracked and reconciled. Amazon Managed Blockchain allows TrackX to quickly create private blockchain networks and enable our customers to monitor and maintain accountability of these assets throughout the entire supply chain. It provides a technical infrastructure fully capable of managing shared network components, enabling TrackX to focus on automating business processes by leveraging smart contracts to deliver additional value through the GAME platform.

“Our customers trust us to continually evolve our platform to meet the demands of the growing globalization of supply chains,” said Tim Harvie, TrackX CEO. “These complex ecosystems rely on seamless interactions between constituents and a natural progression is to utilize blockchain to create visibility, trust, accountability and increased supply chain velocity.  Amazon Managed Blockchain allows us to provide our customers with a solution that can be scaled to meet their needs.”

Click here to read the full press release.