Blockticity provides distributed ledger authentication services to secure high-value physical goods against fraud. The platform ensures that documents associated with products are traceable, tamper-proof, and verifiable at scale. This technology helps businesses mitigate significant financial losses caused by fake or forged documentation in global trade.
Funding
Funding not disclosed
Founders
Product
Problem
The global economy loses trillions annually to fraud, with a significant portion stemming from fake or forged documentation. Businesses incur substantial operational costs to mitigate these risks, impacting profitability and customer trust.
Solution
Blockticity provides a blockchain-based platform for issuing authenticated, tamper-proof certificates to verify product authenticity and ensure supply chain integrity. The system securely ingests client data, processes it via an advanced API, and mints each record as a unique non-fungible token (NFT) on a proprietary Layer 1 blockchain. This process generates a verifiable digital asset that can be tracked universally through a unique QR code. By leveraging this technology, Blockticity combats counterfeit goods and fraudulent documentation, enhancing global regulatory adherence and building customer confidence.
Target Audience
The platform serves businesses across various industries seeking to protect their supply chains from fraud, ensure product authenticity, and maintain global regulatory compliance.
Features
- Proprietary process for converting documents and metadata into verifiable digital assets, with patent pending.
- Secure data ingestion onto AWS S3 servers followed by API-driven processing for NFT minting.
- Issuance of unique, traceable digital assets (NFTs) on a dedicated Layer 1 blockchain.
- Generation of unique QR codes for each minted asset, enabling easy verification.
- API integration for secure processing and verification of product data.
- Front-end interface for streamlined digital capture of product certifications.
- Back-end processing to convert certifications into traceable digital assets.
- Universal tracking capabilities providing real-time product information via scannable technology.
- Strategic alliance with ASTM International, a global standards organization.