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Oz Blockchain Combats Fake Goods

Australian blockchain outfit TBSx3 said it has completed a large-scale trial of technology to secure cargo across the global supply chain, in a bid to combat the trade of counterfeit goods.

Under the helm of company founder Mark Toohey, TBSx3 has developed a blockchain-based verification system that it says delivers military-grade security across global supply chains.

KPMG advised TBSx3 on the trial and verified the handovers for the integrity of the product during its journey from Coonawarra in South Australia to the port of Qingdao in north-eastern China.

The product in question was a bottle of wine from producer IUS. DP World Australia, DB Schenker and Hamburg Sud all took part in the trial – and hopefully somebody enjoyed the wine.

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