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ZUG, Switzerland, Dec. 15, 2022 /PRNewswire/ — Provenance Tags publicizes integration with Concordium to deliver to market an end-to-end encrypted and safe Monitor & Hint IoT platform.
Commerce of counterfeit and pirated items will increase yearly, and the implications of a flood of falsified merchandise in the marketplace are wide-ranging and costly: counterfeit sale immediately causes high-end producers to lose trillions in income, and shoppers to lose belief and loyalty within the model. Blockchain-based improvements make it potential to create new and improved manufacturing and provide chain options efficient in preventing counterfeiting by enabling non-repudiation of information, immutability of adjustments tracked, and by offering verifiable proof of origin.
Provenance Tags is a low value, carbon impartial manufacturing and provide chain Monitor and Hint answer constructed on Concordium blockchain. Provenance Tags present options to fight counterfeit buying and selling and assist each manufacturing firms and retail prospects to confirm the authenticity and provenance of merchandise earlier than they purchase the merchandise.
Provenance Tags is the primary ever answer to combine a blockchain with a brand new customary of superior Close to Discipline Communication Tags built-in throughout the merchandise, offering optimum anti-counterfeiting and tamper-proof software. The options are end-to-end encrypted and have built-in Anti-counterfeiting product safety primarily based on tamper-proof Tags that together with the Concordium blockchain provide immutability of adjustments tracked and supply verifiable proof of origin.
Provenance Tags empower manufacturing firms to make use of our options just by integrating their enterprise purposes (ERP, MES, PLM) and manufacturing and provide chain processes and a smartphone app to confirm the authenticity and provenance of merchandise.
“Provenance Tags is happy to announce that we’re constructing on the Concordium blockchain. Our Apps and Cloud Native infrastructure seamlessly built-in with Concordium blockchain and ID framework affords best-in-class Monitor & Hint options for small and huge firms in lots of industries,” says Niels Soerensen, founding father of Provenance Tags. For extra data contact at nhs@provenance-tags.com.
“The answer developed by Provenance Tags, utilizing the Concordium blockchain, presents a possibility to implement blockchain know-how into real-world use circumstances serving to firms implement Monitor & Hint options, shield brand-value and construct buyer loyalty,” says Torben Kaaber, Head of Business at Concordium.
Media Contact
Mariona Iturrate Valle
Advertising and marketing staff
marketing@concordium.com
SOURCE Concordium
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