Swiss Post, Modum Partner On Blockchain Solution For Temperature-Monitoring Of Shipmentsbr>
Swiss Post, Switzerland’s national postal service, is collaborating with Zurich-based blockchain startup Modum to integrate a blockchain solution that enables regulatory compliance for shipments containing medicinal and other temperature-sensitive products.
Under the new European Good Distribution Practice (GDP) Guidelines, pharma distributors and logistics providers are required to maintain a record of all the temperatures that medicinal products are subject to while in transit. Swiss Post and Modum have been collaborating since summer 2017, and are currently running initial pilot projects to provide an innovative solution to these new compliance challenges for logistics providers.
The two companies are working towards a deep integration of Modum’s temperature-logging devices within Swiss Post’s track-and-trace system, which will enable a workflow with minimal changes to Swiss Post’s established logistics processes. The solution will provide players in the pharmaceuticals sector with a reliable solution to track and monitor their products in transit. It will also provide new levels of data insight and data handling.
“Across the EU, of the over 200 million shipments that contain pharmaceutical products per year, 90% are considered “last mile,” occurring between distributors and dispensers (hospitals and pharmacies, for example) in high-volume but low-value parcels,” Modum said. “Through this collaboration, Modum and Swiss Post will deploy a solution for pharmaceutical manufacturers and suppliers to maintain compliance in these last mile shipments, positioning Modum’s solution for widespread adoption across Europe to serve this large market.”
Modum CEO Simon Dössegger said that because of the volume of last-mile shipments and the diverse network of recipients, cost-efficient and regulatory compliant temperature monitoring is a particular challenge for pharma distributors since the new regulatory guidelines are in place.
“Modum is proving a solution that enables EU GDP compliance with an integrated solution at the level of an individual parcel, Dössegger said. “Our collaboration with Swiss Post is the starting point for demonstrating our solution’s efficacy over conventional offerings in the market.”
Swiss Post is working with Modum as a lean and innovative company that will customize a solution to their specific requirements as a last-mile pharma distributor. Once demonstrated with Swiss Post, modum will replicate this model for major logistics providers across Europe.