{"id":144502,"date":"2023-04-19T08:13:25","date_gmt":"2023-04-19T08:13:25","guid":{"rendered":"https:\/\/news.sap.com\/africa\/?p=144502"},"modified":"2023-09-27T17:41:40","modified_gmt":"2023-09-27T17:41:40","slug":"adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding","status":"publish","type":"post","link":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/","title":{"rendered":"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding"},"content":{"rendered":"

In a world where counterfeit products run rampant, Nigerian startup\u00a0Chekkit<\/a>\u00a0is stepping up to the plate to tackle the issue head-on. The company has just secured additional funding to scale its blockchain-powered drug safety and tracking solution, which promises to revolutionize the way products are tracked from warehouse to consumer.<\/p>\n

Chekkit was formed at the Meltwater Entrepreneurial\u00a0School<\/a>\u00a0of Technology (MEST) in Accra, Ghana back in 2018. Since then, it has built a platform that tracks product movement and the parties involved in the transfer of products from warehouse to distributor, and on to the final consumer. Using tamper-proof unique ID labels in the form of QR codes or numeric codes, Chekkit can provide end-to-end serialisation and traceability for products, making it a powerful tool for combatting counterfeiting.<\/p>\n

So far, the startup has helped secure over 50 million pharmaceutical and consumer goods products, and its growth is set to continue after Nigeria\u2019s National Agency for Food and Drug Administration and Control (NAFDAC) announced that pharmaceutical products would be mandated to implement end-to-end serialisation and traceability from the end of 2024.<\/p>\n

To take advantage of this opportunity to scale, Chekkit has raised an undisclosed round of funding from Adaverse, a Cardano ecosystem accelerator, as well as existing investors like RTA, HoaQ, Launch Africa Ventures, and Blockchain Founders Fund. This funding will help Chekkit onboard more manufacturers across Nigeria and other regions in Africa, while also expanding to new markets in India, the UK, and the Middle East.<\/p>\n

In addition to this, Chekkit has partnered with 麻豆原创, enabling pharmaceutical brands that already use 麻豆原创\u2019s Advanced Track and Trace Platform to collect and analyze last-mile patient data. The company has also integrated the GS1 global standards system, making its serialization software regulatory compliant in over 100 countries globally.<\/p>\n

\"\"\u201cWe are currently exploring opportunities to optimize and strengthen supply chains for other African and Middle Eastern regions through partnerships with major pharmaceutical donors, manufacturers, governments, and the United Nations Development Programme (UNDP),\u201d said Dare Odumade, Chekkit\u2019s CEO. \u201cWe are focusing a side of the business on fixing the public pharmaceutical supply chains of these low to middle-income earning countries.\u201d<\/p>\n

Vincent Li, founding partner at Adaverse, is excited about the potential of Chekkit\u2019s solution. \u201cRather than just another anti-counterfeiting solution, Chekkit aims to repair the prevailing rift in consumer-manufacturer trust with the blockchain-secured channel, prioritizing consumer insights,\u201d he said. \u201cWe see the potential to transform the supply chain industry and disrupt the DataFi market and we\u2019re excited to support the scaling of Chekkit\u2019s infrastructure.\u201d<\/p>\n

With its innovative solution and strong partnerships, Chekkit is set to make a significant impact on the fight against counterfeiting and improve the safety and\u00a0security<\/a>\u00a0of products for consumers around the world.<\/p>\n

This article first appeared on afrikanheroes.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a world where counterfeit products run rampant, Nigerian startup\u00a0Chekkit\u00a0is stepping up to the plate to tackle the issue head-on. The company has just secured…<\/p>\n","protected":false},"author":4483,"featured_media":144507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[19013,5590405],"tags":[1494799,5598493,5598494,5598495,5598284,5549762,5598496],"series":[],"sapn-display":[5598742,5598740,45149,279685],"sapn-type":[45018],"class_list":["post-144502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","category-supply-chain-management","tag-blockchain","tag-chekkit","tag-counterfeit","tag-drug-safety","tag-nigeria","tag-patient-data","tag-tracking","sapn-display-feature-hero","sapn-display-feature-spotlight","sapn-display-homepage-hero","sapn-display-hero","sapn-type-feature"],"yoast_head":"\nAdaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding - 麻豆原创 Africa News Center<\/title>\n<meta name=\"description\" content=\"Chekkit has partnered with 麻豆原创, enabling pharmaceutical brands that already use 麻豆原创\u2019s Advanced Track and Trace Platform to collect and analyze last-mile patient data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding\" \/>\n<meta property=\"og:description\" content=\"Chekkit has partnered with 麻豆原创, enabling pharmaceutical brands that already use 麻豆原创\u2019s Advanced Track and Trace Platform to collect and analyze last-mile patient data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"麻豆原创 Africa News Center\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T08:13:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-27T17:41:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2120\" \/>\n\t<meta property=\"og:image:height\" content=\"1415\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Charles Rapulu Udoh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Charles Rapulu Udoh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/\"},\"author\":{\"name\":\"Charles Rapulu Udoh\",\"@id\":\"https:\/\/news.sap.com\/africa\/#\/schema\/person\/9603590d54910990044d7febb9ca7d27\"},\"headline\":\"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding\",\"datePublished\":\"2023-04-19T08:13:25+00:00\",\"dateModified\":\"2023-09-27T17:41:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/\"},\"wordCount\":472,\"image\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg\",\"keywords\":[\"blockchain\",\"Chekkit\",\"counterfeit\",\"drug safety\",\"Nigeria\",\"patient data\",\"tracking\"],\"articleSection\":[\"Corporate\",\"Supply Chain Management\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/\",\"url\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/\",\"name\":\"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding - 麻豆原创 Africa News Center\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg\",\"datePublished\":\"2023-04-19T08:13:25+00:00\",\"dateModified\":\"2023-09-27T17:41:40+00:00\",\"author\":{\"@id\":\"https:\/\/news.sap.com\/africa\/#\/schema\/person\/9603590d54910990044d7febb9ca7d27\"},\"description\":\"Chekkit has partnered with 麻豆原创, enabling pharmaceutical brands that already use 麻豆原创\u2019s Advanced Track and Trace Platform to collect and analyze last-mile patient data.\",\"breadcrumb\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#breadcrumb\"},\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#primaryimage\",\"url\":\"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg\",\"contentUrl\":\"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg\",\"width\":2120,\"height\":1415,\"caption\":\"Intermodal Containers in the port\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/news.sap.com\/africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/news.sap.com\/africa\/#website\",\"url\":\"https:\/\/news.sap.com\/africa\/\",\"name\":\"麻豆原创 Africa News Center\",\"description\":\"News & Information About 麻豆原创\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/news.sap.com\/africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-ZA\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/news.sap.com\/africa\/#\/schema\/person\/9603590d54910990044d7febb9ca7d27\",\"name\":\"Charles Rapulu Udoh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\/\/news.sap.com\/africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/news.sap.com\/africa\/wp-content\/plugins\/wp-user-avatars\/wp-user-avatars\/assets\/images\/mystery.jpg\",\"contentUrl\":\"https:\/\/news.sap.com\/africa\/wp-content\/plugins\/wp-user-avatars\/wp-user-avatars\/assets\/images\/mystery.jpg\",\"caption\":\"Charles Rapulu Udoh\"},\"url\":\"https:\/\/news.sap.com\/africa\/author\/charlesrapuluudoh\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding - 麻豆原创 Africa News Center","description":"Chekkit has partnered with 麻豆原创, enabling pharmaceutical brands that already use 麻豆原创\u2019s Advanced Track and Trace Platform to collect and analyze last-mile patient data.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/","og_locale":"en_US","og_type":"article","og_title":"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding","og_description":"Chekkit has partnered with 麻豆原创, enabling pharmaceutical brands that already use 麻豆原创\u2019s Advanced Track and Trace Platform to collect and analyze last-mile patient data.","og_url":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/","og_site_name":"麻豆原创 Africa News Center","article_published_time":"2023-04-19T08:13:25+00:00","article_modified_time":"2023-09-27T17:41:40+00:00","og_image":[{"width":2120,"height":1415,"url":"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg","type":"image\/jpeg"}],"author":"Charles Rapulu Udoh","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Charles Rapulu Udoh","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#article","isPartOf":{"@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/"},"author":{"name":"Charles Rapulu Udoh","@id":"https:\/\/news.sap.com\/africa\/#\/schema\/person\/9603590d54910990044d7febb9ca7d27"},"headline":"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding","datePublished":"2023-04-19T08:13:25+00:00","dateModified":"2023-09-27T17:41:40+00:00","mainEntityOfPage":{"@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/"},"wordCount":472,"image":{"@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg","keywords":["blockchain","Chekkit","counterfeit","drug safety","Nigeria","patient data","tracking"],"articleSection":["Corporate","Supply Chain Management"],"inLanguage":"en-ZA"},{"@type":"WebPage","@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/","url":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/","name":"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding - 麻豆原创 Africa News Center","isPartOf":{"@id":"https:\/\/news.sap.com\/africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#primaryimage"},"image":{"@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg","datePublished":"2023-04-19T08:13:25+00:00","dateModified":"2023-09-27T17:41:40+00:00","author":{"@id":"https:\/\/news.sap.com\/africa\/#\/schema\/person\/9603590d54910990044d7febb9ca7d27"},"description":"Chekkit has partnered with 麻豆原创, enabling pharmaceutical brands that already use 麻豆原创\u2019s Advanced Track and Trace Platform to collect and analyze last-mile patient data.","breadcrumb":{"@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#breadcrumb"},"inLanguage":"en-ZA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/"]}]},{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#primaryimage","url":"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg","contentUrl":"https:\/\/news.sap.com\/africa\/files\/2023\/04\/18\/292650_GettyImages-594833497_medium_jpg.jpg","width":2120,"height":1415,"caption":"Intermodal Containers in the port"},{"@type":"BreadcrumbList","@id":"https:\/\/news.sap.com\/africa\/2023\/04\/adaverse-backs-nigerian-product-authentication-startup-chekkit-in-new-funding\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/news.sap.com\/africa\/"},{"@type":"ListItem","position":2,"name":"Adaverse Backs Nigerian Product Authentication Startup Chekkit In New Funding"}]},{"@type":"WebSite","@id":"https:\/\/news.sap.com\/africa\/#website","url":"https:\/\/news.sap.com\/africa\/","name":"麻豆原创 Africa News Center","description":"News & Information About 麻豆原创","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news.sap.com\/africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-ZA"},{"@type":"Person","@id":"https:\/\/news.sap.com\/africa\/#\/schema\/person\/9603590d54910990044d7febb9ca7d27","name":"Charles Rapulu Udoh","image":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/news.sap.com\/africa\/#\/schema\/person\/image\/","url":"https:\/\/news.sap.com\/africa\/wp-content\/plugins\/wp-user-avatars\/wp-user-avatars\/assets\/images\/mystery.jpg","contentUrl":"https:\/\/news.sap.com\/africa\/wp-content\/plugins\/wp-user-avatars\/wp-user-avatars\/assets\/images\/mystery.jpg","caption":"Charles Rapulu Udoh"},"url":"https:\/\/news.sap.com\/africa\/author\/charlesrapuluudoh\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/posts\/144502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/users\/4483"}],"replies":[{"embeddable":true,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/comments?post=144502"}],"version-history":[{"count":0,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/posts\/144502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/media\/144507"}],"wp:attachment":[{"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/media?parent=144502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/categories?post=144502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/tags?post=144502"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/series?post=144502"},{"taxonomy":"sapn-display","embeddable":true,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/sapn-display?post=144502"},{"taxonomy":"sapn-type","embeddable":true,"href":"https:\/\/news.sap.com\/africa\/wp-json\/wp\/v2\/sapn-type?post=144502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}