
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.”