Pairpoint, Vodafone’s ‘economy-of-things’ joint-venture (JV) business with Japanese trading and electric services company Sumitomo Corporation, has teamed up with professional services company Deloitte and IoT tracking firm Nexxiot to verify the provenance of IoT data in the international logistics market. The group is offering the service as a means for supply-chain companies to build trust around freight tracking and trade compliance.
Earlier this year, Vodafone and Sumitomo announced an 80/20 standalone JV to drive the development of automated machine-to-machine IoT transactions, under the banner of the ‘economy of things’. The JV has been branded as Pairpoint. Vodafone has contributed its blockchain-based Digital Asset Broker (DAB) IoT trading platform to the venture; Sumitomo is focused on drawing-in additional investors, partners, and customers.
