JPMorgan-backed startup finds a partner to bring its supply chain onto the blockchain

JP Morgan portfolio company Smartrac has announced a partnership with a blockchain startup led by a former Deloitte executive, Eric Piscini, Forbes writes. Their new partner, Citizens Reserve, will leverage their blockchain platform called SUKU to rebuild Smartrac’s supply chain.

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“The combination of Smartrac’s digital enablement capabilities along with Citizens Reserve’s SUKU platform will provide a unique identity for each physical product with a transparent and accessible supply chain solution," said Dinesh Dhamija, Chief Technology Officer at Smartac.

However, the partnership will not function as a one-way street—in addition to the implementation, the two companies have agreed to swap technologies, contacts, and industry presence.