SmartAxiom Announces the BlockTracker Logistics Solution, the first to be Blockchain Secured from Tracker-to-Cloud BlockTrac...
June 15 2021 - 9:45AM
InvestorsHub NewsWire
SmartAxiom
Announces the
BlockTracker Logistics Solution, the first
to be Blockchain Secured from
Tracker-to-Cloud
BlockTracker
is being deployed to Secure High-Value
COVID Vaccine Shipments
Irvine, CA -- June 15, 2021 -- InvestorsHub
NewsWire -- SmartAxiom Inc, a subsidiary of Life on
Earth Inc (OTC
Pink: LFER), today announced BlockTracker, the first logistics
management solution that is blockchain-secured from the tracking
device to the cloud. SmartAxiom has developed and deployed an
innovative, light blockchain that can run on and among IoT devices
to secure their identity and communication, and which is being
embraced by organizations to track high value-goods.
More information on the solution can be found
at:
https://www.smartaxiom.com/products/blocktracker
The logistics solution consists of a multi-tenant
cloud system managing BlockTracker cellular tracking devices, which
sense location, temperature, vibration, pressure and light level.
The device can also act as a gateway and connect to additional
nearby sensors via Bluetooth Low Energy (BLE), for example with one
temperature logger per box of pharmaceuticals reporting to one
BlockTracker per pallet of boxes. The management system, built with
SmartAxiom's Tenacious cloud backend, shows shipment location and
condition, will notify by SMS if parameters like temperature are
exceeded, has geofencing and tools to activate devices and assemble
shipments.
With every encrypted and signed data transmission,
the identity and integrity of every tracker is authenticated using
blockchain security techniques. All provenance data (where a
shipment was at a given time, under what conditions, owned by whom
etc.) is permanently recorded in an immutable blockchain.
Additionally, SmartAxiom's IoT Smart Contract feature is used to
securely push automations to devices. They run on BlockTracker and
are used to change ownership and send notifications based on
location or sensor triggers (e.g. the temperature is too hot or
vibration too high). The IoT Smart Contracts can also safely
install Over-The-Air (OTA) firmware
updates.
Amit Biyani, SmartAxiom founder and President,
commented "Many enterprises love the idea of storing provenance
data permanently in blockchains. Unfortunately, these systems
suffer from the proverbial garbage-in, garbage-out problem and
there is no value in an immutable record of bad data. Now
SmartAxiom has delivered the world's first logistics solution that
is blockchain-secured from tracker-to-cloud, and we are deploying
it, right now, to track high-value COVID vaccine shipments in
developing countries. When a vaccine shipment is worth over ten
million dollars, it motivates evil behaviors like theft and forgery
and it's exciting to play a key role in keeping people
safe!"
Mahmood Khan, LFER CEO added "The BlockTracker
Logistics solution fits perfectly with our strategy of delivering
safe, compliant cloud systems that raise business productivity and
innovation while ensuring data is secured from hackers. This
end-to-end solution is exactly what the Supply Chain industry need
today."
About SmartAxiom
Inc.
SmartAxiom's software manages and secures the
Internet-of-Things (IoT) through patented, lite blockchain
technology running among those devices at the edge of the Internet
and enabling them to defend themselves. Our peer-to-peer
distributed ledgers improve security, latency, reliability and
manageability. We uniquely create the first true endpoint-to-cloud
blockchain solution, while our IoT Smart Contracts manage NFTs and
push intelligence to the edge. SmartAxiom technology is proving
valuable in many verticals such as smart buildings, manufacturing
lines and shipment tracking. It interoperates with enterprise
systems such as IBM Blockchain and Microsoft Azure and is proven on
many ARM and Intel based microcontrollers such as those from Intel,
NXP, Renesas, Marvell, and Broadcom. https://www.smartaxiom.com
About Life
on Earth Inc.
Life on Earth, Inc. (LFER) is a cloud
enterprise software developer and a provider that enables rapid
innovation that keeps the enterprise operations safe, compliant and
manageable. The products were designed to help organizations
innovate and modernize legacy systems while minimizing cost and
risk of business disruptions and ensure regulatory compliance. For
more information, please visit our corporate website - www.lifeonearthinc.com Investors and
corporate inquiries, please contact: info@lifeonearthinc.com | (646)
844-9897
Forward-Looking
Statements: This release contains statements that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These
statements appear in
a number of places in this release and include all statements
that are not statements of historical fact regarding the intent,
belief or current expectations of Life on Earth, Inc.
its directors or its officers with respect to, among other things:
(i) financing plans; (ii) trends affecting its
financial condition or results of operations; (iii) growth strategy
and operating strategy. The words "may," "would," "will," "expect,"
"estimate," "can," "believe," "potential" and similar expressions
and variations thereof are intended to identify forward-looking
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adequate for it to develop and market its software products, and to
launch its growth and expansion plans, among others, are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Life on Earth, Inc.'s
ability to control, and actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. No information in this press release should be
construed in any way whatsoever as an indication of Life
on
Earth, Inc.'s future revenues, financial performance or stock
price. More information about the potential factors that could
affect the business and financial results is and will be included
in Life on Earth, Inc.'s filings with the Securities and
Exchange Commission at www.sec.gov.
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