Altcoins News
By Maheen Hernandez
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The Cardano Foundation recently come up with a unique solution meant for supply chain traceability and anti-counterfeit solution in partnership with Scantrust.
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For clarity, Scantrust is a well-connected goods and products platform, which provides digitalization for brand protection, supply chain traceability, and consumer engagement to…
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The Cardano-Scantrust solution makes it possible for its brand owners to leverage traceability and targeted data functions made possible by Scantrust’s physical, secured QR codes…
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For clarity, supply chain traceability is the process by which the place of origin or the earliest known source of a product is traced through the journey from the very start of…
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In terms of sustainability, traceability facilitates the opportunity for a company to credibly verify their sustainability claims by proving their product’s source.
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Counterfeit means imitating something that is authentic with the intention to steal, destroy, or replace the original for using it in illegal transactions or for the purposes of…
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Anti-counterfeit use cases are important to protect the brand value. Counterfeiting is a serious problem for any manufacturer.
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The Cardano-Scantrust application will work by connecting the metadata on the Cardano blockchain to unique and traceable Scantrust QR codes on products.
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This method makes it possible for detailed data visualization – that data will be documented from every touch point and interaction along the product’s supply chain journey.
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This is considered to be a great use case as it facilitates transparency to the supply chain.
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Consumers want more information on the product which they purchase. They are also interested in getting to know the way in which the brands document and present consumer…
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Cardano Foundation are committed to helping to solve problems in issues related to traceability in supply chain and counterfeiting alongside Scantrust, thus making…
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They are now using a proprietary and patented process which has been developed by Scantrust.
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