Termed "Certis Secured Digital Records", Certis' new digital record-keeping service makes use of blockchain technology to increase traceability and transparency of product information to manufacturers, distributors, and consumers across supply chains.“Certis Secured Digital Records will be Singapore’s first end-to-end digitally secured framework which will transform the supply chain landscape and differentiate ourselves from our competitors,” said Mr Fuji Foo, Vice President, Business Digitalisation, Certis Technology Services.
Blockchain technology refers to a digital record in which data is stored in virtual "blocks", each with its own digital fingerprint. When data is modified, this fingerprint is altered and the changes are visible to everyone with access to the blockchain, hence increasing the security and credibility of data in a supply chain setting.
If any company claims that its products are certified organic or halal, consumers will then be able to verify the information through the digital records.
“Consumers can check if companies' marketing claims are backed up by the data,” said Mr Foo.
Similarly, distributors can also utilise the digital records to monitor the source of ingredients from their manufacturers along the supply chain.
Certis Secured Digital Records is currently being piloted with three local companies, of which two are in the food and healthcare industries.
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