The Provenance Chain Network provides the Commercial Trust Platform for complex supply chains, enabling organizations to validate claims and protect intellectual property. Their Commercial Trust Protocols establish a secure framework for permissioned data disclosure among trusted partners. This system generates provenance and builds a complete product story through digitized people, places, and products.
Funding
$19.5M 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 consumers and businesses lack access to reliable information about the origins, processes, and attributes of products within their supply chains. This opacity hinders informed decision-making, limits the ability to verify ethical sourcing, and makes it difficult to build trust between stakeholders.
Solution
The Provenance Chain Network (PCN) offers a SaaS platform that provides supply chain transparency for people, places, processes, and products. PCN's Commercial Trust Protocol (CTP) establishes a secure, verifiable framework that protects data ownership while enabling the selective disclosure of supply chain data among trusted partners. The platform digitizes supply chain elements, incorporates standards and evaluation results, and builds a complete product story through its Requirements, Incentives, Claims, and Evidence (RICE) system.
Target Audience
PCN serves businesses across various industries, including advanced manufacturing, aerospace & defense, semiconductor & electronics, and professional services, who seek to enhance supply chain transparency and build trust with partners and customers.
Features
- Full lifecycle traceability spanning origin, custody, consumption, and conversion stories.
- Digital twins: virtual representations serving as real-time digital counterparts of physical objects or processes.
- Universal data container: aggregates structured and unstructured data for interoperability across multi-tiered supply chains.
- Open standards: CTP implemented on open standards for interoperability and rapid scaling.
- Multi-industry applicability: platform applicable to diverse industries due to its focus on people, places, and products.
- Comprehensive requirements: enables evaluation of products based on specific values and requirements.
- Multi-level evidence: RICE system facilitates collaboration by exchanging requirements and incentives for claims and evidence.
- Incentives ecosystem: Provenomics motivates ideal behaviors throughout the supply chain.
- Permissioned distributed ledger: provides immutable truth with full data ownership and advanced security.
- Consortia-based governance: C-STAR ensures inclusive governance with equitable influence and benefits for stakeholders.
- Easy integration: mass uploads, direct integration, or smartphone app integration capabilities.
- Designed for reality: enables Nth-tier visibility into the supply chain.