Company Overview
Snapshot
Founded in April 2016 by Eyal Kamir, BriefTrace operates with 1–10 employees. The company holds a patent and is currently in a Pre-Funding stage. In March 2018, BriefTrace initiated a blockchain pharmaceutical shipment tracking pilot with DSV.
Business overview
BriefTrace develops an IoT solution for real-time temperature and location monitoring of high-value and critical shipments. The company's technology integrates IoT devices with blockchain, specifically utilizing the Traceum business-focused blockchain network, to address issues like diversion, expiration, and lost or damaged goods within the pharmaceutical and insurance industries. BriefTrace's patented feature set includes indoor and outdoor mapping, and its solution requires no additional infrastructure, focusing on connecting supply chain links through blockchain and IoT technology.
Strategic signal
In March 2018, BriefTrace launched a pilot program with DSV for blockchain-based pharmaceutical shipment tracking. This initiative signals the company's focus on real-world application and validation of its technology within a critical industry, demonstrating a strategic move towards commercialization and addressing specific pain points in the pharmaceutical supply chain.
Log in to access full profile ›Company Intelligence Q&A
- What is BriefTrace's core technology?
- BriefTrace focuses on connecting broken links in the supply chain using blockchain and IoT technology, turning IoT devices into blockchain IoT sign-and-send devices in conjunction with Traceum, a business-focused blockchain network.
- When was BriefTrace founded?
- BriefTrace was founded in April 2016.
- What problem does BriefTrace aim to solve?
- BriefTrace aims to address the significant financial losses incurred from diversion, expiration, and lost, damaged, and delayed shipments within the pharmaceutical and insurance industries by providing real-time temperature and location monitoring.
- Does BriefTrace hold any patents?
- Yes, BriefTrace has a patented feature set that includes indoor and outdoor mapping capabilities.
- What was a key strategic development for BriefTrace in 2018?
- In March 2018, BriefTrace initiated a blockchain pharmaceutical shipment tracking pilot with DSV, demonstrating a practical application of its technology in the logistics sector.