Chronicled Pilots Blockchain Application for Supply Chains

San Francisco-based blockchain and IoT company Chronicled, Inc. has announced the completion of a technical pilot demonstrating a cryptographic method of anonymously transferring a Serialized Global Trade Item Number – or SGTIN. SGTINs identify individual items as they move through multi-stage supply chains, which can involve multiple custodians and geographic locations.

Using an applied cryptographic verification model known as Zero Knowledge Succinct Non-Interactive Argument of Knowledge – zk-SNARK – developed by University researchers at UC Berkeley and MIT, the pilot allows multiple independent parties to verify an object’s identity and provenance without directly interacting with one another or a centralized database. This enables secure and anonymous transfer of possession and/or ownership of SGTINs within multi-party supply chains.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

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