Tacans partners with origin labels, Concordium Blockchain-based anti-counterfeiting solution
Tacans AG cooperates with origin labels
SCHWARZENBACH, SWITZERLAND, Dec. 22, 2022 /EINPresswire.com/ — Tacans AG, a Switzerland-based web3 venture builder, has partnered and invested in Provenance Tags, a blockchain-based anti-counterfeiting solution built on Concordium.
Earlier this week, Provenance Tags announced that it would integrate with the Concordium blockchain for its low-cost, carbon-neutral manufacturing and supply chain Track and Trace solution. The aim is to combat the $1.7 trillion market for counterfeit and pirated goods, of which counterfeit medicines alone account for over $200 billion annually.
Provenance Tags is the first ever solution to integrate a blockchain with a new standard of advanced Near Field Communication Tags integrated into the products, providing optimal anti-counterfeit and tamper-proof application. The solutions are end-to-end encrypted and have built-in product protection against counterfeiting based on tamper-proof Tags which, in combination with the Concordium blockchain, offer immutability of tracked changes and provide verifiable proof of origin.
Established in 2021, Tacans AG has built a reputation as a web3 venture investor and builder. The company has launched five projects including SpaceSeven, Veax, Concordex, DX25 and CryptoX and is incubating DeFi projects through its subsidiary Tacans Labs. The company was co-founded by Danish serial entrepreneurs; Lars Seier Christensen, founder of Saxo Bank and the blockchain Concordium, as well as Mathias Lundoe Nielsen, founder and former CEO of Nustay.
“Blockchain technology has the potential to revolutionize countless industries with real-world use cases. Counterfeiting is not just an economic issue; in many cases it can be life or death. For example, counterfeit drugs contribute to nearly 1 million deaths each year, so a tangible solution can save lives We are excited to work with Provenance Tags to solve real problems using blockchain technology, says Mathias Lundoe Nielsen, Founder and CEO of Tacans AG.
“Provenance Tags is excited to announce that we are building on the Concordium blockchain, and our partnership with Tacans AG, a Venture Builder powerhouse in the space. Our apps and Cloud Native infrastructure seamlessly integrated with the Concordium blockchain and ID framework offer best-in-class Track & Trace solutions for small and large companies in many industries, says Niels Soerensen, founder of Provenance Tags.
“The solution developed by Provenance Tags, using the Concordium blockchain, provides an opportunity to implement blockchain technology in real-world use cases that help companies implement Track & Trace solutions, protect brand value and build customer loyalty,” says Torben Kaaber, Head for Commercial at Concordium.
About origin labels
Provenance Tags is a low-cost, carbon-neutral manufacturing and supply chain Track and Trace solution built on the Concordium blockchain. Provenance labels provide solutions to combat counterfeit trade and help both manufacturing companies and retail customers to verify the authenticity and provenance of products before purchasing the products.
For more information, please visit: provenance-tags.com
About Tacans AG
Co-founded by Danish entrepreneurs Lars Seier Christensen, founder of Saxo Bank and Concordium blockchain, and Mathias Lundoe Nielsen, an award-winning serial entrepreneur with multiple technology ventures, Tacans is a web3 venture builder invested in the future economy of blockchain by building, financing and acquires pioneering Web3 companies. Launched in 2021, the group’s portfolio consists of seven Web3 companies across multiple sectors with a combined valuation of $63M+.
For more information, please visit: tacans.com
Dion Guillaume
Tacans Labs
+27734545400 ext.
send us an email here
