The modum sensors record environmental conditions while in transit. When goods change ownership, the sensor data is verified against predetermined conditions in a smart contract in the blockchain. The contract validates that the conditions meet all of the requirements set out by the sender, their clients, or a regulator and triggers various actions: notifications to sender and receiver, payment, or release of goods.
Using the data collected by modum’s services, the opportunities for improving the supply chain in any sector in terms of efficiency, cost reduction, environmental impact, customer service, and regulatory compliance are limitless.
The modum system can be easily integrated into existing logistics processes: in advance of shipping, quality assurance managers set the approved temperature ranges for each product. This initial step can be done remotely, using the dashboard.
In the warehouse, a unique shipping ID for each parcel is paired with a modum temperature logger. The combined temperature range for the shipment, shipping ID and sensor ID are used to create a smart contract for each shipment, which contains the required temperature thresholds.
During shipment, the sensor tracks the temperatures. When the shipment changes ownership the data can be readout using Bluetooth, enabling a compliance check without opening the parcel.