Provenance Tags integrate with the Concordium blockchain to provide a Track & Trace solution for increased customer engagement and to combat counterfeit goods

ZUG, Switzerland, 15 December 2022 /PRNewswire/ — Provenance Tags announces integration with Concordium to market an end-to-end encrypted and secure Track & Trace IoT platform.

The trade in counterfeit and pirated goods is increasing every year, and the consequences of a flood of counterfeit products on the market are extensive and expensive: counterfeit sales directly lead to high-end manufacturers losing trillions in revenue, and consumers losing trust and loyalty. in the brand. Blockchain-based innovations enable the creation of new and improved manufacturing and supply chain solutions that are effective in combating counterfeiting by enabling non-repudiation of data, immutability of tracked changes and by providing verifiable proof of origin.

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.

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.

Origin tags enable manufacturing companies to use our solutions simply by integrating their business applications (ERP, MES, PLM) and production and supply chain processes and a smartphone app to verify the authenticity and origin of the products.

“Provenance Tags is pleased to announce that we are building on the Concordium blockchain. 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. For more information contact [email protected].

“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 Kaaberhead of commercial at Concordium.

Media contact
Mariona Iturrate Valle
Marketing team
[email protected]

SOURCE Concordium