Buffalo, NY – VeriTX Corp. announced today an agreement to license Moog Inc.’s VeriPart process which enables high integrity supply chain solutions.
“Industry 4.0 will change how companies transact B2B. Data will become the currency of these transactions and data integrity will be essential. VeriTX is creating a platform that will provide digital provenance and trust for commercial and military markets enabled by Moog’s VeriPart,” said James Allen Regenor, VeriTX Founder. “By leveraging 3D Printing and Blockchain Provenance, customers will now have the data and process integrity to manufacture parts when and where they are needed. Airlines will have the flexibility to make parts at an out location decreasing Aircraft on Ground (AOG) time. Air Forces will be able to manufacture parts at forward deployed locations increasing mission capable rates.”
“We are pleased to collaborate with VeriTX to explore this new market space and enable us to capture value from our investment to date in VeriPart Intellectual Property,” said Dave Norman, director innovation and technology for Moog’s Aircraft Segment.
VeriTX Corp. is a digital marketplace for the aerospace, medical and industrial market verticals. VeriTX leverages the technology convergence of blockchain and additive manufacturing to enable a digital logistics enterprise that scales trust for B2B transactions. VeriTX services the commercial and military markets. Additional information about the company can be found at www.veritx.co.