Blockchain

JPMorgan-backed startup finds a partner to bring its supply chain onto the blockchain

January 22, 2019, 6:00PM EDT

JP Morgan portfolio company Smartrac has announced a partnership with a blockchain startup led by a former Deloitte executive, Eric Piscini, Forbes writes. Their new partner, Citizens Reserve, will leverage their blockchain platform called SUKU to rebuild Smartrac’s supply chain.

“The combination of Smartrac’s digital enablement capabilities along with Citizens Reserve’s SUKU platform will provide a unique identity for each physical product with a transparent and accessible supply chain solution," said Dinesh Dhamija, Chief Technology Officer at Smartac.

However, the partnership will not function as a one-way street—in addition to the implementation, the two companies have agreed to swap technologies, contacts, and industry presence.

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