Transtelecom JSC, the one of the largest telecom operators in the Republic of Kazakhstan, has decided to enter the National Track and Trace program to become the leading provider of the global services in this field.
TTC has collaborated with AVC Global Inc, an American company, which has developed the first GS1 compatible blockchain-enabled track and trace platform with smart contracts for customs clearance with the possibility of financing for the supply chain.
AVC Global has already successfully implemented a pharmaceutical traceability system in the Kingdom of Bahrain through its Medical Vale Chain subsidiary, MVC, and is actively developing cooperation with other governments: agreements have now been signed with the Governments of Lebanon, Uzbekistan and Kyrgyzstan.
The AVC track and trace platform is compatible with global GS1 standards, which allows for full transparency in the supply chain of goods: from production, shipment of goods to Kazakhstan to their sale to the end consumer, including events accompanying the processes of their logistics and turnover within the country.
In addition, a soon to be released mobile blockchain authenticator application of AVC will enable consumers to verify the authenticity and reliability of information about the safety of goods.
Karim Kassymov, Deputy Chairman, Transtelecom JSC: “The partnership with AVC will allow us to introduce in a short time an advanced solution for traceability of goods based on the use of modern technologies and world experience in designing Track & Trace systems. Our cooperation, first of all, is aimed at providing the state and business with effective tools for the development of the digital economy and enabling Kazakhstani consumers to purchase legal and high-quality products.”
The AVC platform is a quantum leap forward in how countries can implement and fund GS1 standards traceability programs while improving the supply chain delivered to consumers by reducing fraud and optimizing trade finance and customs clearance throughout the global supply chains.
Leo A. Giacometto, Chairman of the Board of AVC: “We are proud to work with Transtelecom to bring to Kazakhstan a proven, reliable and deployable Track and Trace with Blockchain platform. Unlike other systems we utilize GS-1, a standard that is recognized worldwide, which helps Kazakhstan producers and manufactures to expand their products on the world market.”
About Transtelecom JSC
Transtelecom JSC is one of the leaders among providers of broadband Internet access, television and telephony services in Kazakhstan, was founded in 1999. The TTC Company provides a wide range of services in the field of IT infrastructure management, cybersecurity and system integration, as well as manufactures and sells radio and wired communications, information processing and transmission. TTC is headquartered in Nursultan, Kazakhstan and has a wide network of branches throughout the Republic of Kazakhstan.
About AVC Global
AVC’s Value Chain platform is designed for industry and government customers to purchase, deliver goods and provide financing while ensuring that all global regulatory compliance requirements are met. The platform is designed to reduce risk, speed cash flows, and increase profit margins, and grow revenue for all participants. The platform’s network dynamics advance the development of sustainable value chain infrastructures and ecosystems in the form of their SmartHub and SmartPass enabled networks. AVC Global is headquartered in Washington D.C., with offices in the Kingdom of Bahrain.
About rfxcel
Part of Antares Vision Group, rfxcel provides leading-edge software solutions to help companies build and manage their digital supply chain, lower costs, and protect their products and brand reputations. Blue-chip organizations in the life sciences (pharmaceuticals and medical devices), food and beverage, worldwide government, and consumer goods industries trust rfxcel’s signature Traceability System (rTS) to power end-to-end supply chain solutions in key areas such as track and trace, environmental monitoring, regulatory compliance, serialization, and visibility. Founded in 2003, the company is headquartered in the United States and has offices in the United Kingdom, the EU, Latin America, Russia, India, Japan, the Middle East, and the Asia-Pacific region.
About Hedera Hashgraph
Hedera Hashgraph is the most used enterprise-grade public network for the decentralized economy. The platform is governed by a council of the world’s leading organizations, including Avery Dennison, Boeing, Chainlink, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Standard Bank Group, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.
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