Romancing the stones: Stony Brook-based biotech Applied DNA Sciences is at it again, this time partnering with an international blockchain ace on the development of an “integrated physical and digital security” program for supply-chain traceability and certification focused on high-end merchandise.
Applied DNA and London-based Everledger – named a 2018 Technology Pioneer at the recent World Economic Forum – have announced a Memorandum of Understanding that will combine the biotech’s DNA-based tagging and tracing protocols with Everledger’s “leadership in tracking provenance,” which has provided asset protection for various industries, particularly those focused on precious stones.
According to a joint statement, the two companies will “collaboratively integrate their respective technology platforms and pursue various market opportunities, including leather,” a market where Applied DNA already has some experience. Applied DNA President and CEO James Hayward said his company is thrilled to buddy up to “the global leader in blockchain applications.”
SOURCE: InnovateLI
