Pyx Industries develops tools utilizing Verifiable Credentials and Decentralized Identifiers to enhance transparency and security in local trade communities, ensuring accountability in supply chains. The company addresses the complexities of diverse business ecosystems by fostering collaboration among Trust Architects while maintaining community sovereignty.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses struggle to demonstrate and communicate the sustainability and ethical practices within their supply chains, leading to a lack of trust and transparency with consumers and partners. Existing systems often fail to provide verifiable proof of product origin, quality, and adherence to ESG (Environmental, Social, and Governance) requirements, hindering collaboration and accountability across diverse business ecosystems.
Solution
Pyx Industries offers a suite of open-source tools leveraging Verifiable Credentials (VCs) and Decentralized Identifiers (DIDs) to enhance transparency and security in supply chains. Their solutions enable businesses to create UNTP-based digital product passports, providing verifiable proof of quality, origin, and sustainability. By fostering a community of "Trust Architects," Pyx facilitates global collaboration while respecting local community sovereignty, ensuring businesses can maintain control over their data. The platform allows businesses to share information that builds efficiency and trust with partners, while safeguarding proprietary data through customizable transparency settings.
Target Audience
Pyx Industries targets businesses in manufacturing, agriculture, food and beverage, and the built environment, as well as industry associations and regulators seeking to enhance supply chain transparency and accountability.
Features
- Open-source tools for creating and managing Verifiable Credentials (VCs) and Decentralized Identifiers (DIDs)
- UNTP-based digital product passports for verifiable proof of product origin, quality, and sustainability
- Support for self-hosting, allowing full custody of proprietary information
- Customizable transparency settings to control what data is shared with partners
- Community forums and chat for collaboration and support
- Technical documentation and resources through the Pyx Knowledge Base
- Tools to demonstrate unique values of communities and ecosystems