SmartAxiom Announces the BlockTracker Logistics Solution, the first to be Blockchain Secured from Tracker-to-Cloud
SmartAxiom Inc, a subsidiary of Life on Earth (LFER), introduced BlockTracker, a logistics management solution utilizing blockchain technology for secure tracking of high-value shipments, notably COVID vaccines. This innovative system features cellular tracking devices that monitor location, temperature, and other conditions while ensuring data integrity through blockchain authentication. The solution is aimed at combating theft and forgery of valuable shipments, with a specific focus on developing countries. CEO Mahmood Khan highlights its alignment with LFER's goal of enhancing productivity while securing data from cyber threats.
- Launch of BlockTracker enhances security for tracking high-value shipments.
- Utilization of innovative blockchain technology ensures data integrity.
- Addresses significant challenges in logistics, particularly for COVID vaccine transport.
- None.
BlockTracker is being deployed to Secure High-Value COVID Vaccine Shipments
Irvine, California, June 15, 2021 (GLOBE NEWSWIRE) -- SmartAxiom Inc, a subsidiary of Life on Earth Inc (OTC Pink: LFER), today announced BlockTracker, the first logistics management solution that is blockchain-secured from the tracking device to the cloud. SmartAxiom has developed and deployed an innovative, light blockchain that can run on and among IoT devices to secure their identity and communication, and which is being embraced by organizations to track high value-goods.
More information on the solution can be found at:
https://www.smartaxiom.com/products/blocktracker
The logistics solution consists of a multi-tenant cloud system managing BlockTracker cellular tracking devices, which sense location, temperature, vibration, pressure and light level. The device can also act as a gateway and connect to additional nearby sensors via Bluetooth Low Energy (BLE), for example with one temperature logger per box of pharmaceuticals reporting to one BlockTracker per pallet of boxes. The management system, built with SmartAxiom’s Tenacious cloud backend, shows shipment location and condition, will notify by SMS if parameters like temperature are exceeded, has geofencing and tools to activate devices and assemble shipments.
With every encrypted and signed data transmission, the identity and integrity of every tracker is authenticated using blockchain security techniques. All provenance data (where a shipment was at a given time, under what conditions, owned by whom etc.) is permanently recorded in an immutable blockchain. Additionally, SmartAxiom’s IoT Smart Contract feature is used to securely push automations to devices. They run on BlockTracker and are used to change ownership and send notifications based on location or sensor triggers (e.g. the temperature is too hot or vibration too high). The IoT Smart Contracts can also safely install Over-The-Air (OTA) firmware updates.
Amit Biyani, SmartAxiom founder and President, commented “Many enterprises love the idea of storing provenance data permanently in blockchains. Unfortunately, these systems suffer from the proverbial garbage-in, garbage-out problem and there is no value in an immutable record of bad data. Now SmartAxiom has delivered the world’s first logistics solution that is blockchain-secured from tracker-to-cloud, and we are deploying it, right now, to track high-value COVID vaccine shipments in developing countries. When a vaccine shipment is worth over ten million dollars, it motivates evil behaviors like theft and forgery and it’s exciting to play a key role in keeping people safe!”
Mahmood Khan, LFER CEO added “The BlockTracker Logistics solution fits perfectly with our strategy of delivering safe, compliant cloud systems that raise business productivity and innovation while ensuring data is secured from hackers. This end-to-end solution is exactly what the Supply Chain industry need today.”
About SmartAxiom Inc.
SmartAxiom’s software manages and secures the Internet-of-Things (IoT) through patented, lite blockchain technology running among those devices at the edge of the Internet and enabling them to defend themselves. Our peer-to-peer distributed ledgers improve security, latency, reliability and manageability. We uniquely create the first true endpoint-to-cloud blockchain solution, while our IoT Smart Contracts manage NFTs and push intelligence to the edge. SmartAxiom technology is proving valuable in many verticals such as smart buildings, manufacturing lines and shipment tracking. It interoperates with enterprise systems such as IBM Blockchain and Microsoft Azure and is proven on many ARM and Intel based microcontrollers such as those from Intel, NXP, Renesas, Marvell, and Broadcom. https://www.smartaxiom.com
About Life on Earth Inc.
Life on Earth, Inc. (LFER) is a cloud enterprise software developer and a provider that enables rapid innovation that keeps the enterprise operations safe, compliant and manageable. The products were designed to help organizations innovate and modernize legacy systems while minimizing cost and risk of business disruptions and ensure regulatory compliance. For more information, please visit our corporate website - www.lifeonearthinc.com Investors and corporate inquiries, please contact: info@lifeonearthinc.com | (646) 844-9897
Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Life on Earth, Inc. its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements, including those relating to the LFER's financing being adequate for it to develop and market its software products, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Life on Earth, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Life on Earth, Inc.'s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Life on Earth, Inc.'s filings with the Securities and Exchange Commission at www.sec.gov.
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