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
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.