DiMuto joins GS1 Singapore Solution Partner Program (SPP) to offer blockchained trade management solutions
Singapore, 16 August 2019 – DiMuto, a tech-based trade solutions platform that provides end-to-end supply chain visibility for global businesses, has joined the GS1 Singapore Solution Partner Program to offer blockchained trade management solutions for companies using GS1 systems.
Complementing GS1 standards, DiMuto’s all-in-one trade management platform aims to tackle key issues that are hampering global trade in the agri-food cold chain market, including financing, supply chain transparency, access to new markets as well as food safety and wastage. Specifically, it aims to level the playing field for small and medium- sized fruits businesses to compete with big global brands.
Its Track & Trace blockchain technology is a low-cost, effective solution that is integrated into supply chain workflows and existing systems to create traceability and accountability across the entire supply chain. This is enabled through DiMuto’s Digital Asset Creation (DAC) system to digitise physical goods, such as fresh produce, into traceable digital assets allowing users to track the assets at each stage of the supply chain.
Apart from addressing the problems arising from the disconnected visibility, its trade solutions platform provides meaningful data analytics to help industry players better understand buyers, optimise production and sales, and improve their business operations. In addition, DiMuto is working with its customers to provide trade financing and, with its established network of industry players across the world, access to new export markets.
Mr Gary Loh, Chairman and Founder of DiMuto, says, “DiMuto’s goal to demystify global trade and enable collaborative commerce ties in with GS1 Singapore’s efforts to improve supply chain management among its member organisations. Blockchain solutions form only one part of our all-in-one trade management platform. We will be rolling out more modules that leverage the latest technologies to benefit our customers’ operations. We look forward to working with GS1 member organisations to provide trade solutions derived from the best practices established by global supply chain standards.”
Since its establishment in 2018, DiMuto has captured global growth momentum with the support of key produce industry leaders in Asia and the Americas. It is building global industry benchmarks for trade blockchain solutions with PwC Singapore’s Venture Hub. In June 2019, DiMuto closed a deal with Queen Frozen Fruit, Thailand’s largest exporter of durians, to tag, track and trace over four million durians. Its trade financing partner, Havenport Investments leverages the Track & Trace solution to conduct more accurate credit assessment and provide financing to Queen Frozen Fruit.
During its product trials between March 2019 and June 2019, DiMuto tagged 1.2 million fruits (durians, apples, avocados, lemons and oranges) for various industry players in the US, Thailand, Mexico, Australia and China. It is set to apply its technology to other produce categories, including longans and mangosteens.
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About GS1 Singapore
GS1 Singapore, which is affiliated to Singapore Manufacturing Federation, is part of the not-for-profit Global Standards 1 (GS1) organisation based in Belgium, Brussels with offices in 115 countries. GS1 Singapore has close to 2,000 member companies across multiple sectors and is working with organisations and public agencies such as SPRING Singapore, iDA, CUSTOMS, HSA and e2i to promote and drive adoption of standards, thus helping Singapore companies to improve their competitiveness and operational efficiencies.
For more information visit https://www.gs1.org.sg/Home.aspx
About DiMuto Pte Ltd
DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.
The DiMuto Track & Trace blockchain platform creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over seven countries and five continents.
DiMuto is founded by executive chairman Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group.
For more information, please visit www.dimuto.io
GS1 Singapore Contact:
Ms. Esther Goh
Manager, Marketing & Partnership
M: +65 6826 3089
Ms. HuiMin Lee
Chief Marketing Officer
M: +65 9231 8607
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