UK Start up – sub 50 employees, with light VC funding (about a quarter million). It’s making use of the bitcoin and ethereum type block chains and before.

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Presentation transcript:

UK Start up – sub 50 employees, with light VC funding (about a quarter million). It’s making use of the bitcoin and ethereum type block chains and before we get into what we do, lets start things off by discussing a current problem.

Traceability issues and a growing counterfeit market poses risks to both consumers and businesses alike The problem Risk Trust issues: Consumers cannot validate corporate claims of responsible/sustainable sourcing Businesses have difficulty tracing all inputs in their supply chain Counterfeit products at a glance: Market worth over $460 billion Strong association with organized crime Impact to consumers is highly varied Why are counterfeits dangerous? Consumer satisfaction & safety Brand image and economic risk

Provenance can use blockchain technology to put consumer and corporate minds at ease Provenance gives answers Does this seller own the product? Is this product ‘real’? Are the details of the product’s sourcing factually accurate? Has this product been owned before? How old is the product? Who are my customers? Partnership Opportunities Warranty information Full product ownership and service history

Provenance offers value to both businesses and shoppers alike, and is scalable to meet enterprise demand The Pitch For business For shoppers Rich supply chain & customer data Product story & peace of mind Input tracing Procedure verification Item level and batch level tracking Product self-promotes Customer data* Re-sale data* Affordable pricing Transparent pricing Strong scalability Custom-tailored solutions available Authenticity verification Availability of product’s story & history

Open Traceability for the Material World Technical details Public vs private Chain Connecting the physical NFC tag for high value items 2D codes for low value items Public Permissioned Blockchain Equality, consensus, network effect Key Improvement: Non-localization: A truly global computer running by consensus. Security: Unforgeable digital signature reducing operating risks. Auditable: every operation and interaction recorded and archived.

Provenance at work in the SE Asian fishing industry Ocean-to-table

Provenance has proven it works from start to finish, and integrates with the majority of systems already in place Ocean-to-table

Provenance must overcome pricing and security challenges in order to reach its market potential Moving forward Diversification into new industries Focus on manufacturers of luxury goods and pharmaceuticals Emphasis on high-risk products (art, jewelry), particularly from non-brand retailers Data analytics Value of data in blockchain (supply chain optimization, quality control) Risks Pricing model Currently based on SKUs, not on the usage volume or value Provenance can provide to businesses Security outside the blockchain environment Transfer of tag from legitimate to counterfeit products Addition of false data or omittance of undesirable data