The startup offers a blockchain-based platform for tracking goods, enabling the registration and storage of product information along with multimedia content from the value chain. By integrating specific sensors into products, the platform provides industrial traceability, allowing companies to monitor the movement of goods within and outside their facilities.
Funding
$820K 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
Many companies struggle to effectively track and manage product information across their supply chains, leading to inefficiencies, lack of transparency, and difficulties in complying with evolving regulations like the EU's Ecodesign for Sustainable Products Regulation (ESPR). This lack of comprehensive product data hinders informed decision-making regarding sustainability, regulatory compliance, and overall product lifecycle management.
Solution
MyLime offers a blockchain-based platform that creates a Digital Product Passport (DPP) for physical assets, enabling end-to-end traceability and transparency throughout the product lifecycle. The platform allows businesses to create a certified "Digital Twin" of their products by digitalizing and recording product information, including components, materials, and production processes, onto a blockchain. This enables stakeholders, including customers, brands, and regulators, to access richer, customized product information via a user-friendly app or API. MyLime's solution facilitates better-informed decisions on sustainability, regulatory compliance, and product lifecycle management, while also enhancing brand trust and customer engagement.
Target Audience
MyLime primarily targets manufacturers, brands, and suppliers across various industries who need to comply with regulations, improve supply chain transparency, enhance brand trust, and provide customers with detailed product information.
Features
- Blockchain-based recording of product information for enhanced security, transparency, and immutability
- Digital Product Passport (DPP) creation, providing a comprehensive overview of product lifecycle
- Integration with existing enterprise systems (ERP, CRM) for seamless data exchange
- Customizable entry points, including RFID tags, QR codes, serial numbers, and NFC-embedded smart cards
- Consumer app for claiming products and accessing product history and details
- Support for various industries, including automotive, bike, fashion, furniture, and yachting
- Features for brand immunity, production transparency, and product history tracking
- Solutions for warranty management, after-sales service, and ownership transfer
- Options for real-time monitoring of vehicle assembly and maintenance events
- Integration with Manufacturing Execution Systems (MES) for automated tracking and data collection