Monday, June 14, 2021

StaTwig gets UNICEF certification

Hyderabad: T-Hub incubated blockchain startup StaTwig has completed the one-year UNICEF Innovation Blockchain Portfolio programme and its solution is among the six blockchain products that have been developed, iterated and piloted with several users in India, Mexico, Argentina, Bangladesh and Tunisia. StaTwig is the only startup that made it to the UNICEF programme from India, while other startups include Atix Labs (Argentina), OS City (Mexico), Precrypto (Mexico), W3 Engineers (Bangladesh) and Utopixar (Tunisia).

Highlighting the significance, Sid Chakravarthy, founder and CEO, StaTwig said, “This is an important programme because of its focus on creating scalable and sustainable startups that are working on new and efficient ways of delivering public services. All these startups therefore have enormous social-economic impact. Most countries today have shifted their focus to innovations that will meet the most essential needs of the population such as food and health. UNICEF Innovation Fund focuses on delivering such solutions through its startups.”

He informed, “UNICEF is going to introduce us to investors and they are also looking at a CryptoFund to invest in startups. The United Nations agency is the largest vaccine distributor in the world. They distribute 45 per cent of the vaccines in the world. With their support, we have developed a solution called VaccineLedger, which can track every single vaccine in the supply chain, tells us where it is, what condition it is in, when it will expire and so on. Such real-time data also helps manufacturers and distributors generate actionable insights such as predicting and preventing supply chain failures, demand planning and so on.”

StaTwig has tested VaccineLedger in few places but expects a lot more deployment this year since the startup graduated from the programme. “We need to distribute Covid-19 vaccines to 1.3 billion people in India next year, which is a huge challenge. With what we have done with UNICEF’s support, we are in a good position to solve this problem,” Chakravarthy added.

The startup is using its blockchain solution to ensure the efficient logistics delivery of vaccines through an enhanced supply-chain management system. It has tracked 1.2 million units of vaccines at batch level from the central warehouse to districts and then to villages, which were used for a children’s immunisation programme in Arunachal Pradesh. The company also used its technology to track 110 million bags of rice for the Civil Supplies Department of Government of Telangana.

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