Autify Network develops a blockchain and AI-powered trust protocol that enhances transparency and traceability in the global supply chain, effectively combating counterfeiting and inefficiencies that result in over $4.5 trillion in annual losses. Their decentralized vendor aggregator platform, Autify Verified, connects brands, suppliers, and vendors in a secure environment, facilitating collaboration and operational efficiency.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Counterfeit goods and lack of transparency in global supply chains lead to significant financial losses and erosion of consumer trust. Existing supply chain management systems often lack the ability to ensure the authenticity and traceability of goods across borders.
Solution
Autify Network offers a blockchain-based platform designed to enhance transparency and traceability throughout the supply chain, combating counterfeiting and improving operational efficiency. The Autify Verified platform connects brands, suppliers, and vendors, providing a secure environment for collaboration and data sharing. By leveraging blockchain technology, Autify Network ensures that data related to products and transactions is tamper-proof and independently verifiable. The platform uses computer vision and AI to identify and authenticate digital twins of physical items, enabling real-time tracking and verification. This approach allows for greater accountability and trust among supply chain participants, ultimately protecting brands and consumers from counterfeit goods.
Target Audience
The primary target audience includes brands, suppliers, and vendors across various industries, including fashion, luxury goods, automotive, and healthcare, who are seeking to combat counterfeiting and improve supply chain transparency.
Features
- Decentralized vendor aggregator platform connecting brands, suppliers, and vendors
- Blockchain-based trust protocol for tamper-proof data and verifiable transactions
- Computer vision and AI for identifying and authenticating digital twins of physical items
- Real-time tracking of goods and materials throughout the supply chain
- Secure environment for collaboration and data sharing among supply chain participants
- Modular platform design allowing companies to integrate without replacing existing ERP systems
- Public-private hybrid blockchain for permissioned transactions and public verification of digital twins