LOS ANGELES, CALIFORNIA, May 05, 2021 (GLOBE NEWSWIRE) -- GTX Corp (OTC: GTXO) (“GTX” or the “Company”), a pioneer in the field of wearable GPS human and asset tracking systems and a supplier of Health and Safety medical supplies and devices, announces collaboration with TulsaLabs, a division of AppSwarm, Corp. (OTC: SWRM), to develop blockchain solutions around GTX Corp's Near Field Communication (NFC) technology and GPS human and asset tracking platform.

GTX Corp previously utilized a third-party blockchain provider, which unfortunately is no longer in business, so will now begin working with TulsaLabs to develop and vertically integrate blockchain technology into its track and trace solutions which will become more robust while increasing transparency, security, compliance, provenance, and automated administrative operations using smart contracts.

“Where supply chain management has become hyper important in our post pandemic recovery, making sure perishable foods, beverages and pharmaceuticals such as vaccines which require, authentication, chain of custody, temperature control and transparent visibility throughout the supply chain will be managed seamlessly and securely by combining NFC and blockchain technology,” stated Patrick Bertagna GTX Corp CEO.

GTX Corp's NFC Veritap solution  provides real-time temperature sensing and data logging across the supply chain necessary with 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. 

By accessing data from an API off current blockchain protocols, or private Hyperledger networks, GTX will be able to provide a secure and safe contactless connection of data about product origin, authentication, and certifications, throughout the entire transportation process. Thus, empowering brands, retailers, distributors, and freight forwarders to verify shipment quality and authentication. 

GTX also distributes an extensive line of wearable technology and Personal Protective Equipment “PPE”, owns and licenses a portfolio of patents in the GPS and wearable technology space, and is a GSA-approved military and government supplier. The Company’s products are available at its online store, Amazon, and global distribution partners. To find out more about how you can buy or become an authorized reseller of GTX products, contact us info@gtxcorp.com