This company provides microscopic "BioTags" embedded in physical shipments, digitally linked to a shipping management system for chain-of-custody tracking. These BioTags mitigate commodity trade risk, enabling the company to offer insurance, financing, and payment solutions.
Funding
Funding not disclosed
Founders
Product
Problem
Counterfeit goods and product fraud in global trade create significant financial risks for buyers and sellers, leading to disputes, supply chain disruptions, and compliance issues. Existing methods for verifying product authenticity are often inadequate, costly, and difficult to implement across complex supply chains. This lack of transparency hinders market access and increases underwriting risk for insurers and financiers.
Solution
Authentica provides a trust ecosystem for global trade by embedding microscopic "BioTags" into physical shipments, creating a digital link to a shipping management platform. These BioTags act as a "microscopic passport" for goods, enabling end-to-end supply chain visibility and verifiable product authenticity. By bridging the physical and digital worlds, Authentica de-risks commodity trade, allowing the company to offer insurance, financing, and payment solutions. The platform integrates processing, financial, compliance, and verification solutions into a single, seamless ecosystem, ensuring transparency and reducing risk at every stage of the transaction.
Target Audience
Authentica serves buyers and sellers in the commodity trade ecosystem, as well as insurers, financiers, regulators, and compliance officers seeking to reduce risk and expand market access.
Features
- Microscopic BioTags embedded directly into goods for molecular-level verification
- Digital platform for trade and shipping management, connecting order management, bookings, container tracking, and compliance verification
- Integration with payments and financing solutions for faster transaction settlements
- Embedded insurance and warranties against cargo, fraud, and counterparty dispute risk
- Regulatory and compliance assurance through verifiable product authenticity and defensible audit trails
- Fraud detection warranty that financially guarantees product authentication