TECH OFFER

Blockchain Technology for Food and Traceability of Information

KEY INFORMATION

TECHNOLOGY CATEGORY:
Infocomm - Security & Privacy
Infocomm - Enterprise & Productivity
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TECHNOLOGY READINESS LEVEL (TRL):
LOCATION:
Italy
ID NUMBER:
TO040066

TECHNOLOGY OVERVIEW

Blockchain-based technology to improve business data management, traceability of information and data security in any sector, establishing an interoperable ecosystem for authenticity and integrity of data.

Our technology includes a dedicated plug-and-play and cost-effective decentralized application (DApp) built on blockchain for Food supply chains actors in order to address problems such as product counterfeiting, frauds and supply chain fragmentation:

  • For traceability of products and visibility of supply chain from farm to fork
  • To increase transparency and quality control on products and procedures
  • To enable businesses go digital with an innovative, secure and interoperable technology
  • To improve business efficiency through Smart Contract
  • To increase brand reputation, reliability and service quality by establishing a direct channel to final consumers

We also provide developers with a toolkit for software development (SDK) to build new applications (DApps) and an hardware (HW) to software (SW) framework that enables direct integration of devices and machines into blockchain via internet connection (IoT).

We use our expertise on blockchain and related technologies to build customized solutions for organizations in any industry and integrate digital systems into blockchain through our technology.

TECHNOLOGY FEATURES & SPECIFICATIONS

Since 2012 we specialize in blockchain technology to deliver blockchain-based HW and SW solutions. Our technology includes:

 

Application for Food Traceability

Plug-and-play software application (DApp) for traceability of supply chains provided “as a service” (SaaS), with dedicated user interface to enable supply chain actors to enter information into the system (i.e. origin, date processed, quality checks, etc.), upload files and share data B2B and B2C, preserving privacy and supporting transparency.

The platform records information collected to empower producers, distributors and consumers with real-time visibility of supply chain using blockchain to trace products from origin to point of sale.

The blockchain generates a digital record of verified transactions that cannot be altered or tempered with to ensure integrity of data. Blockchain-authenticated contents are accessible simply by scanning the printable QR code labels generated by the platform with any QR code reader (i.e. smartphone).

 

Software Development Kit (SDK)

Developer toolkit for the development of new decentralized applications (DApps) that interface legacy systems, enterprise resource planning softwares (ERPs) and devices with blockchain technology, smart contracts and IoT devices. Our toolkit provides the tools to build solutions for organizations in any industry, from agribusinesses to public administrations.

 

IoT Devices Framework

The HW-SW connectivity framework enables devices to perform digital signatures locally and send transactions directly to the blockchain without intermediaries, ensuring authenticity of information and protection from cyber-attacks.  

POTENTIAL APPLICATIONS

Our technology enables the creation of new applications and business models for:

 

Supply Chain and Manufacturing (Food, textile, healthcare, etc.)

  • Platform for traceability of supply chains
  • Monitoring system and recording of data related to agricultural processes of material production (environmental and soil conditions, cultivation techniques, etc.), harvesting, water quality etc.
  • Function for blockchain-validated CO2 production for carbon credits trade
  • Plug-and-play application for Food traceability, quick deployment

Smart City and Governance

  • SSI (Self-Sovereign Identity) and digital signatures for proof of ownership on data
  • E-gov digital services (real estate ownership, taxation, voting, digital passport, etc.)
  • Tokenisation and asset management

Automotive and logistics

  • Direct connection with IoT devices/sensors for real-time tracking and automatic monitoring of standards and environmental conditions (i.e. humidity, environmental impact, etc.)
  • Digitalization of the "maintenance booklet" of the vehicle in the event of disputes, sales, etc.
  • Monitoring of standard for certification bodies (Cold chain, Halal, Organic, RSPCO, etc.)

Insurance

  • Dynamic insurance policies by combining Smart contracts and the data collected directly from IoT devices mounted on vehicles.
  • Insurance providers can implement "adaptive" insurance policies that reward "virtuous" drivers and collect more information about the dynamics of any claims (Blackbox blockchain-connected).

Finance and Banking

  • Blockchain-integrated POS devices for payments
  • Machine-to-Machine (M2M) automatic applications (i.e. an electric vehicle can automatically pay at the charging station, peer-to-peer asset exchange, etc.)
  • Digital banking (Letter of Credit, KYC/Anti-Money Laundering, etc.)

 

And more…

Market Trends & Opportunities

The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an annual growth rate of 67.3% during 2020–2025. The increasing need for simplifying the business processes and need for supply chain management applications integrated with the blockchain technology will drive the overall blockchain market.

Benefits

Some areas that can benefit from the use of our technology:

Business Innovation and Governance

  • Introduction of latest technologies (blockchain, smart contract, IoT)
  • Creation of new business models
  • Blockchain infrastructure with the lowest running cost
  • Digitalization of processes, documentation
  • Established accountability and authenticity of data

Scalability

  • Solution scaling up and horizontally and vertically
  • Interoperability with other technologies (connect with IoT devices, A.I., web apps, legacy systems, ERPs, etc.) and third-parties
  • base technology for industry-agnostic solutions

Commercial

  • Increased brand reputation and customer loyalty
  • Provides authentic information to back claims and sustainable practices
  • Direct consumer engagement and feedback

Operations

  • Transparency and real-time visibility of information
  • Immediate access to critical information (i.e. non-compliances in case of product recall)
  • Disintermediation and de-bureaucratization of processes via Smart Contract
  • Increased quality control and efficiency

Sustainability

  • Enables circular economy to reduce waste
  • Low energy consumption blockchain infrastructure  
  • Algorithm for Carbon footprint validation

Digital Security

  • Post-quantum consensus mechanism and advanced EEC (Elliptic-curve Cryptography)
  • Provides certification bodies and auditors with validated data
  • Compliance with standards and regulations

Supporting Documents

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