(NEW YORK)–GTX Corp (OTCQB: GTXO) launching blockchain research division to develop GPS and blockchain solutions for the supply-chain industry.
GTXO recently announced their move into blockchain development in collaboration with TulsaLabs, which is currently being advised by Iteration Syndicate (ITS) team who are developing software for SpaceX DOGE-1 moon project.
GTXO’s NFC Veritap technology provides real-time temperature sensing and data logging across the supply chain necessary for the transportation of perishables; food, drinks, pharmaceuticals, and other temperature-sensitive products that can be negatively affected by conditions in transit.
These built-in security measures can prevent the distribution of contaminated supplies in the marketplace and unauthorized modification of data logs, allowing brands, retailers, distributors, and freight forwarders to verify shipment quality and authentication.
Every time a product changes hands, the transaction could be documented, creating a permanent history of a product, from manufacture to sale. Blockchain puts a full stop to tampering of supply chain and logistical documents and thus it increases the credibility of all your supply chain operations. This allows organizations to use resources optimally and save a lot of valuable cost and time in return.
By accessing GTXO API data feed the company will explore development of both public blockchains such as VeChain or IOTA, or private blockchain networks through IBM Hyperledger.
No matter the direction, GTXO integration of blockchain technology together with their GPS and NFC tracking technology could change the value outlook for this highly undervalued technology stock play.
GTX Corp currently has a market cap of roughly $4.5 million, and trades under stock ticker “GTXO”.
About GTX Corp
GTX Corp (OTC: GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based solutions, supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio. GTX offers a global end-to-end solution of hardware, software and connectivity and develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, NFC and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets.
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