Revolutionizing Global Supply Chains: The Power of Blockchain and the ubloquity paVe Platform
As many of you will know, I’m CEO of ubloquity – an innovative and award-winning technology startup based in Northern Ireland.
In today’s interconnected world, the global supply chain is more important than ever, but it’s also facing unprecedented challenges. Covid showed the fallacy of many embedded assumptions about supply chains (geography doesn’t matter for example) and technology changes are now accelerating the challenges. This is particularly true for high-risk and medium-risk goods like food products of animal or plant origin. That’s where we come in, offering transformative solutions through blockchain technology and our proprietary paVe platform.
The name “paVe” isn’t just a moniker; it’s a statement of our mission—to pave the way for more reliable, transparent, and efficient global supply chains. Utilizing state-of-the-art technology and cutting-edge science, paVe optimizes critical data in real-time. This ensures the integrity of the supply chain, transforming it from a linear and opaque process into an ecosystem where every transaction and movement is verified and visible to all stakeholders. It also stands for prove, authenticate, validate, and ensure. We prove where something is from, authenticate what it is, validate how it was produced, and importantly ensure its ongoing integrity once it is on the move.
The Importance of Trust
Trust is the cornerstone of any functioning supply chain, yet it’s often the missing piece in many systems today. The paVe platform remedies this by creating a single source of truth. Through multi-factor verification, all parties involved—be it producers, manufacturers, hauliers, retailers, government agencies, or regulators—can trust the data. This collaborative trust model sets new standards for transparency and reliability.
Blockchain: The Game-Changer
Why blockchain, you may ask? The beauty of blockchain technology lies in its decentralized and immutable nature. Each transaction is verified across a network of computers, making the ledger tamper-proof. In an era where supply chain breaches can have catastrophic consequences, particularly in the food sector, this level of security isn’t a luxury—it’s a necessity.
Beyond Transparency: Real-world Impact
While many speak of blockchain’s potential, we’ve moved beyond the theoretical stage. Our blockchain solutions operationalize this powerful technology for tangible, real-world impact. For example, consider a shipment of fresh produce. With paVe, you can track its journey from the farm, through multiple countries, customs checks, and logistical hand-offs, all the way to the supermarket shelf. Every step is logged, time-stamped, and verified. If a problem arises—say, a temperature fluctuation during transport—this can be instantly flagged, allowing for rapid corrective actions. That’s not just beneficial for business; it’s vital for public safety.
Teta (Technology-Enabled Trading Alliance) is an industry-wide consortium that is blending cutting edge technology with the best available science, harnessing IoT devices and creating new blockchain-enabled ecosystems of trust. It was established as a working group by The Institute of Export and International Trade and ubloquity back in September 2022, to solve a very specific need for the Rhug Estate in Corwen, Wales. But has since grown to include representatives and experts from across the food supply chain sector.
Teta is piloting several schemes with industry partners, to demonstrate how authorised importers and exporters of medium and high-risk products (plants, plant products and some animal products) could be eligible in the future for streamlined controls.
By harnessing blockchain, science and IoT, Teta is demonstrating to Government how it can provide the enhanced assurances and evidence required to meet the regulatory requirements and standards, while optimising the process for its pilot partners, speeding up the import and export of goods, and lowering the cost to operate for all concerned.
Join Us in Transforming Global Trade
The paVe platform that underpins Teta isn’t merely a technological tool; it’s a transformative force for global trade. As we continue to refine and expand our solutions, we invite all stakeholders in the global supply chain to join us on this journey toward a more secure and transparent future.
Together, we can not only adapt to the complexities of global commerce but also set new standards that benefit us all.