Companies that manufacture or sell (or do both) products
need reliable and secure supply chains to flourish. Smart companies have supply
chain management in place to ensure everything from raw materials for
production to efficient packaging and delivery. They know that disappointed
customers won’t hesitate to look for another vendor or product.
Supply chain security is the part of supply chain management
that ensures products and their components or ingredients aren’t tampered with
or illegally copied (pirated).
For companies like Arizona’s No
Borders Inc. (OTC: NBDR), the supply chain is an intriguing new prospect
for its blockchain technology solutions. It first used blockchain to secure and
share third-party lab test data on the purity of CBD products it manufactures
and sells through its subsidiary No Borders Naturals.
“We created CBD Lab Chain technology to deliver lab test data on
our CBD consumer products directly to customers,” says No Borders CEO Joseph
Snyder, adding that the technology is now available to other CBD sellers.
Consumers view lab data by scanning QR codes on product labels. It’s important
to note that this does not give them entry to the block chain – only visuals.
And now No Borders Labs, the nation’s only publicly-traded
blockchain deployment company, is customizing blockchain technology for supply
chains and network infrastructure everywhere.
Supply Chain Security Breaches Can Be Deadly
Back in 1982, the Tylenol murders delivered a crash course
on the topic of supply chain security. In this terrible series of events, at
least one person in the Chicago area had broken apart Tylenol capsules, added
cyanide, and resealed the capsules and containers. Seven people died and
copycat actions brought the death toll even higher.
This ushered in higher levels of supply chain security for
over-the-counter medications including tamper-resistant sealed packaging and
solid caplets replaced capsules. Today, laws such as the Drug Supply Chain
Security Act help the Food and Drug Administration (FDA):
“…protect consumers from exposure to drugs that may be
counterfeit, stolen, contaminated, or otherwise harmful” and “improve detection
and removal of potentially dangerous drugs from the drug supply chain…”
Even with the pharmaceutical industry’s pretty fervent
devotion to supply chain security, it’s been difficult to ascertain safety from
start to finish.
Companies like No Borders are developing blockchain
technologies to protect supply chains and other networks vulnerable to hacking
and other malicious actions. “Blockchains are the most secure way to share
data, Snyder says, “and we’re creating ways to extend this technology into
other industries concerned about protecting data, especially during
transmission.”
Impenetrable Blockchain Technology Can Protect Other
Networks
Many people are familiar with blockchain used in the
cryptocurrency market to securely handle transactions. Most blockchain works
this way:
- Blockchains
are made up of blocks that randomly appear every several minutes.
- Every
transaction is held in a block in a kind of abeyance until it’s verified.
- Once
verified, the transaction can move ahead.
The security comes from the permanence of data added to a
block on the blockchain: it cannot be altered or erased.
- New
information can be added only by approved parties approved.
- Older
data are never deleted.
- Every
new piece of data creates a new block that includes all the previous data.
- Older
blocks holding the same history are updated with new data.
A person or syndicate would need unbelievably fast computing
to alter enough blocks to interfere with a block chain before a new block
appears. And unlike other security tools, block chain stays ahead of would-be
counterfeiters or thieves. It’s virtually unbreakable.
For more information, visit the company’s website at www.NBDR.co
NOTE TO INVESTORS: The latest news and updates
relating to NBDR are available in the company’s newsroom at http://ibn.fm/NBDR
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Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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