Microsoft Unveils Project Manifest, a new Blockchain Product Tracking

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Microsoft’s recently launched Project Manifest, a new blockchain project that may just become the next best way to track products as they move across the globe.

According to a report from CoinDesk, Project Manifest uses technology that was first developed to help NASA communicate with deep space probe and could eventually help ensure the origin of the products used to create goods and the labor used to build them conform to a company’s ethical standards.

Built via an initial partnership with Los Angeles-based Mojix, Project Manifest leverages the startup’s widely used Internet of Things (IoT) platform, which is currently being integrated with the ethereum blockchain to help factories, distribution centers and retailers track goods using radio frequency identification (RFID) devices.

The RFID implementation has the potential to inform every member of the supply chain the moment a shipped product goes missing, according to the firms involved.

The data framework is powered by a noSQL database and the system is projected to become stronger as more RFID sensor devices become adopted by multiple industries.

Project Manifest already has a lot of industry interest. It has received $40m in venture funding from Red Rock Ventures and others, and is already helping a number of major clients track goods, including Perry Ellis, Prada, Scania Trucks, Cessna and British Petroleum.

 

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About Bob Aroture 553 Articles
Bob is a Senior Editor and Content Development Manager at Nigerian Law Intellectual Property Watch. He holds a BS degree, with a major in biochemistry. He works directly with the Newsroom Team. His focus areas are technology and innovation, and pharmaceutical technology. Email: editorial@nlipw.com