introduction to
Supply Chain

Supply chains can be complicated.

Imagine for a moment that a manufacturer uses the wrong design specs, a supplier mixes up two different orders or a raw material causes a bad batch of products that need to be recalled. On top of that, billions of dollars in cash flow are now tied up while the problem is being rectified plus the 60-day payment terms.

The effects of poorly managed supply chains continue to trouble businesses today. On May 10th of 2016, hoverboards were exploding all over the world. A number of incidents of the boards catching fire led to major retailers such as Amazon and Target issuing refunds and

telling customers to trash them. Airlines were banning them and some cities were even banning hoverboards from roads and sidewalks. It is was later found that the batteries in the boards were defective and causing the fires.

VeriDoc Global has developed a supply chain solution that leverages blockchain technology and smart contracts. Our system verifies that each step in the supply chain has registered a “digital handshake” that marks exactly when and where the goods have changed hands. This makes it clear who is liable for products every step of the way.

HOW DOES THE VERIDOC GLOBAL

SOLUTION WORK?

WHAT ARE OUR
KEY FEATURES

Forefront of security

Data is immutable on blockchain and can’t be breached via an attack on a single server or database.

Increased transparency

Governments and businesses know exactly when and where the goods have changed hands.

Increased public safety

Increases the speed in which problems can be identified and products can be recalled.

WHAT ARE OUR
KEY FEATURES

Forefront of security

Data is immutable on blockchain and can’t be breached via an attack on a single server or database.

Increased transparency

Governments and businesses know exactly when and where the goods have changed hands.

Increased public safety

Increases the speed in which problems can be identified and products can be recalled.

Veridoc global
solution

VeriDoc Global has developed a solution that involves embedding a QR code on an item with a unique digital hash inside the QR code. The hash holds a string of information that is then placed on the blockchain network for security, verification and most important end user validation.

Using a QR code reading app, customers can scan the QR code on the item once it has been delivered to them to verify the authenticity of items.

Throughout the shipping process, the QR code can be updated with information verifying when and where the product has changed hands.

Using any QR code reading app, scan the QR code on the supply chain and the app will show you the true document produced by the issuer. This allows you to compare and see if the supply chain is an original or a fake.

how does THE
QR CODE WORK?

QR codes are a type of matrix barcode or two-dimensional barcode. A standard QR code can hold up to 3Kb of data, compared to a standard barcode which holds less than 100 characters.

VeriDoc Global uses a unique digital hash that is stored on the QR code. When a QR code reader is used to scan the QR code, the system looks at the unique hash and

then checks the hash on the blockchain. The system verifies that the hash exists on the blockchain and then displays the information that is linked to the hash.

This significantly improves supply chain management because blockchain technology prevents the data and the QR code from ever being changed or removed.

what about

RFID chips?

There is no doubt that RFID technology has many benefits,
however RFID also has its vulnerabilities.

Some of the reasons why RFID technology is so vulnerable:

RFID chips use “contactless technology” which means that data is transferred over the airwaves. There is plenty of evidence that shows that RFID tags can and have been hacked.

RFID tags can be read without your knowledge. Unlike magnetic strips and QR codes which need to be swiped or scanned, anyone with a RFID tag reader can read your RFID tag without you knowing.

RFID tags can be read from greater distances. Most RFID systems are designed so that the distance between the tag and reader is kept to a minimum. However, a high gain antenna can be used to read tags from greater distances, which leads to privacy issues.

what about

RFID chips?

There is no doubt that RFID technology has many benefits,
however RFID also has its vulnerabilities.

Some of the reasons why RFID technology is so vulnerable:

RFID chips use “contactless technology” which means that data is transferred over the airwaves. There is plenty of evidence that shows that RFID tags can and have been hacked.

RFID tags can be read without your knowledge. Unlike magnetic strips and QR codes which need to be swiped or scanned, anyone with a RFID tag reader can read your RFID tag without you knowing.

This is Our
SUPPLY CHAIN
MANUFACTURER FLOW

CREATE AN ITEM

Manufacturer creates an item.

GENERATE QR CODE

VeriDoc Global generates a QR code
that contains a unique hash value
with information about the item.

QR CODE ADDED
TO THE ITEM

The QR code is added to the item.

GENERATE UNIQUE
HASH VALUE ON BLOCKCHAIN

The information is placed on
the blockchain.

DIGITAL HANDSHAKE

VeriDoc Global verifies each step in the supply
chain registering a “digital handshake” that
marks exactly when and where the goods
have changed hands.