A Japanese logistics company is planning to incorporate a blockchain network into a new transportation system to be adult next year.

Co-ordinate to an commodity from the Nikkei newspaper, Nippon Limited plans to invest up to 100 billion yen — approximately one billion USD — into a blockchain-based transportation network for pharmaceuticals. The Tokyo-based company intends to develop its own line of drugs starting in 2021, which will require existent-time tracking of products through warehouses and status updates for quality control teams.

Partnering with Accenture and Intel

Nippon Limited will be working with others at home and abroad to develop this pharmaceutical network compatible with blockchain. Accenture will build a system of sensors to check the temperature of products on trucks and in warehouses. In addition, Intel Japan will be providing radio-frequency identification (RFID) tags to track the location of each shipment.

How blockchain will be utilized at Japan Express

Combined, these sensors and RFID tags will allow manufacturers, wholesalers, and medical institutions to rail the pharmaceutical development procedure in real time using blockchain.

From the import of raw materials and products to commitment at medical institutions, the contributions from Intel and Accenture will be installed throughout Nihon Express factories, warehouses, and trucks. Information at each phase volition be uploaded to the blockchain, providing the condition, position, and status of each shipment.

Blockchain summit scheduled for Nippon in April

Nippon Limited' news comes a mere month earlier the TEAMZ Blockchain Summit 2020 is to be held in Tokyo. Though there has been speculation on the event being cancelled due to the coronavirus outbreak, cypher has been appear at this time.