Recap of March 2024

Recap of March 2024

Spherity secures €2.5 million to advance decentralized identity management on a global scale

Spherity has secured €2.5 million from an investment consortium of new and existing investors led by Blockwall, one of Germany’s leading Web3 VCs.

This investment marks a significant milestone in our journey to advance Spherity’s decentralized identity management product capabilities on a global scale, focusing on interoperable, standards-based, secure cloud services for identity.

Read more.


Healthcare Distribution Alliance DMC 2024?

HDA's DMC was informative and a pleasure to attend as always. Here are 3 key takeaways:

  1. We've heard about the struggles of getting EPCIS data exchange running smoothly across the entire US pharmaceutical supply chain. Trading partners keep working hard on this with the upstream segments generally being ahead of dispensers since the latter are the last in line to receive the data.
  2. FDA remains focused on the Stabilization Period deadline on Nov 27, 2024.
  3. Randy Bradley's insightful talk about data as a valuable asset brought a fresh perspective to DSCSA discussions. How can the regulatory burden be turned into a commercial or operational opportunity by leveraging data? How does better data flow contribute to supply chain security and how do data need to be protected?

Stay tuned for further updates!


How Systech and Spherity successfully collaborate to support US Trading Partners with DSCSA compliance

We're excited to share our success story with our partner, Systech International, on the DSCSA compliance journey! Systech readily integrated the Credentialing solution CARO into their DSCSA compliance package for Authorized Trading Partners (ATPs), enabling customers to activate the credentialing feature without any disruption to their existing operational processes.

Discover why Systech chose Spherity and how our credential solution tackles key challenges for its customers.

Read more!


Battery Pass Consortium introduces initial Technical Guidance and software demonstrator for EU Battery Passport

The Battery Pass Consortium?has recently released Technical Guidance & a software Demonstrator, aligning with the EU Battery Regulation. The document outlines a structured architecture for the Digital Product Passport (DPP) system, with three main components: a European Commission (EC) central service, a distributed DPP system, and third-party services.

The guidance highlights noteworthy recommendations when discussing the distributed DPP system:

  • Persistent identifier advantages in distributed DPP system
  • Enhancing data sovereignty with Self Sovereign Identities (SSI)
  • Ensuring secure supply chain data acquisition and exchange?
  • Empowering data sovereignty through SSI

Our vision at Spherity aligns with the pursuit of greater data sovereignty and product verifiability.

Know more!


See you at Hannover Messe 2024!

Spherity?is thrilled to announce our participation in this year’s Hannover Messe, where we'll be showcasing our Battery Passport Management Solution! In today's global supply chains, companies face challenges in operations, compliance, and sustainability. Existing?solutions often need more interoperability, transparency, and traceability, complicating data aggregation and regulatory compliance like the New EU Battery Regulation and the Ecodesign for Sustainable Product Regulation. Additionally, the absence of transparency and traceability may pose further environmental and social risks.

Our collaborative solution with our partner?RCS Global?is currently undergoing a Catena-X conformance assessment by Deloitte. We are spearheading efforts to standardize the identity technology stack for a scalable Battery Passport Management System.

Follow our LinkedIn and Twitter to stay in tune for updated information.


Reading list

Here we are, celebrating the arrival of spring and the spirit of Easter with a curated selection of reads. Catch up and stay ahead of the curve!

  1. ?Advancing Sustainability and Consumer Trust: Integrating GS1 Standards in Digital Product Passports for Verifiable Provenance by Dr. Carsten St?cker
  2. "Trust me, I'm a Pharmacist" by tbd ft. Dr. Carsten St?cker
  3. Trend Research 2023-2024 by GS1
  4. The C-suite playbook: Putting security at the epicenter of innovation by PWC


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Learn more ?? www.spherity.com. For further queries, contact us ?? [email protected].

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