EVRYTHNG announced they’re using Chainpoint to track the provenance of consumer goods throughout the supply chain. Consumers can now verify that provenance data has not been altered after being recorded in the EVRYTHNG platform.
Who is EVRYTHNG?
EVRYTHNG helps leading brands manage billions of product identities, collect real-time data from IoT devices, and track product provenance throughout the supply chain. EVRYTHNG customers include General Electric, Coca Cola, iHome, Diageo, and Avery Dennison.
How do Tierion and EVRYTHNG work together?
EVRYTHNG is using Chainpoint to track the manufacturing and supply chain history of consumer products. Data about each step of the process is recorded using EPCIS transactions in the EVRYTHNG platform. Chainpoint is used to anchor the transaction data to the Bitcoin blockchain, giving consumers a provable audit trail that shows how products are brought to market.
How is the blockchain used?
Chainpoint lets software developers link data to the blockchain. This process generates a Chainpoint proof, which can be used to prove the data is linked to a point on the chain — hence the name Chainpoint.
Blockchains are notoriously slow. Bitcoin can process about four transactions per second. Ethereum can process approximately fifteen transactions per second. Chainpoint overcomes these scalability limitations by linking thousands or even millions of Chainpoint proofs to a single transaction.
How can I learn more about Chainpoint?
If you’re a software developer, you can learn more about Chainpoint by visiting our web site or GitHub repo.
EVRYTHNG is the Internet of Things Smart Products Platform connecting consumer products to the Web, and managing real-time data to drive applications. The world’s leading consumer product manufacturers work with EVRYTHNG to manage billions of intelligent online identities in the cloud for their products, deliver real-time interactive experiences and digital services to consumers, and connect with the ecosystem of other applications and products in their digital lives.
To find out more about how EVRYTHNG’s award-winning IoT cloud platform delivers better consumer-product experiences and smarter supply chains, please visit evrythng.com and follow @EVRYTHNG on Twitter.