PTagChain utilizes blockchain technology to verify zero-knowledge proofs, ensuring product authenticity and providing a transparent history of ownership. This platform enables users to acquire linked NFTs, addressing the need for trust and traceability in digital transactions.
Funding
$50.1K 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
E-commerce transactions face challenges such as high transaction costs from credit card fees and cross-border charges, cumbersome identity verification processes, doubts about product authenticity leading to fraud, and idle funds due to upfront payment locks. These issues create inefficiencies and risks for both buyers and sellers.
Solution
PTagChain offers a blockchain-based platform that leverages Provenance Tags and the Concordium blockchain to address these e-commerce challenges. The platform uses programmable smart logic and stablecoin payments with multiparty locks to enable scheduled releases and yield splits. It incorporates zero-knowledge proof (ZKP) identity verification for streamlined authentication and provides product authenticity track and trace capabilities. This system ensures immutable record-keeping, reduces transaction costs, and enhances trust and transparency in e-fulfillment.
Target Audience
The primary target audience includes e-commerce businesses and platforms seeking to reduce transaction costs, enhance security, and improve product authentication and traceability.
Features
- Stablecoin payments with scheduled releases and yield splits using multiparty locks.
- Zero-knowledge proof (ZKP) identity verification via smartphone.
- Product authenticity track and trace with deep tag validation.
- Immutable record keeping on the Concordium blockchain.
- Programmable smart logic on the Concordium base layer.
- Integration of webshop, payment, provenance tag, shipping, and verification processes.