Blockchain-based traceability solution combined with Internet of Things

Increase revenue with an extra level of confidence to your business data.

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Solution Overview

Gretol's TaaS aims to provide a traceability solution to benefit all stakeholders in a supply chain. TaaS connects physical and information flows using IOT technology, stores information in an immutable and tamper-proof manner on Blockchain, and links fragmented supply chain process from end-to-end and different stakeholders involved through transparent information sharing. TaaS is the solution to bring coordination, sustainability and efficiency to your supply chain.

Web 3.0

Blockchain Enabled

Blockchain offers a way to record supply chain information on a decentralized and immutable ledger with all stakeholders acknowledgement, and hence serves as a resilient, verifiable and accurate single source of truth

Smartphone showing buying crypto on Gretol
  • 700%+

    Potential growth

  • 50+

    Use cases

  • $1.76T

    2030 GDP growth

  • 15+

    Industries supported

Defeat fraud

Secure Data Access

Provides the protocols to manage data access and allows data authenticity verification.

Compliance as a service

Multi-tag Technology Support

Supports multiple IoT tagging technologies such as QR code, RFID, NFC and so on to meet different regulation and certification requirements.

Allows entire product lines mapping using hierarchical product catalogue management to effectively improve product searching, tracing and updating.

FAQ

A blockchain is a distributed, cryptographically-secure database structure that allows network participants to establish a trusted and immutable record of transactional data without the need for intermediaries. A blockchain can execute a variety of functions beyond transaction settlement, such as smart contracts. Smart contracts are digital agreements that are embedded in code and that can have limitless formats and conditions. Blockchains have proven themselves as superior solutions for securely coordinating data, but they are capable of much more, including tokenization, incentive design, attack-resistance, and reducing counterparty risk. The very first blockchain was the Bitcoin blockchain, which itself was a culmination of over a century of advancements in cryptography and database technology.

Historically, databases have incorporated a centralized client-server architecture, in which a sole authority controls the central server. This design means that data security, alteration, and deletion rests with a single point of failure. The decentralized architecture of blockchain databases emerged as a solution for many of the weaknesses of centralized database architecture. A blockchain network consists of a large number of distributed nodes––voluntary participants who must reach consensus and maintain a single transactional record together.

When a digital transaction occurs in a blockchain network, it is grouped together in a cryptographically-secure “block” with other transactions that have occurred in the same time frame. The block is then broadcast to the network. A blockchain network is comprised of nodes or participants who validate and relay transaction information.

Blockchain technology has a wide variety of benefits, for both global enterprises and local communities. The most commonly cited benefits of a blockchain are trusted data coordination, attack-resistance, shared IT infrastructure, tokenization, and built-in incentivization.

Web3 has become a catch-all term for the vision of a new, better internet. At its core, Web3 uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership.

Web3 gives you ownership of your digital assets in an unprecedented way. For example, say you're playing a web2 game. If you purchase an in-game item, it is tied directly to your account. If the game creators delete your account, you will lose these items. Or, if you stop playing the game, you lose the value you invested into your in-game items. As well as owning your data in Web3, you can own the platform as a collective, using tokens that act like shares in a company. Current payment infrastructure relies on banks and payment processors, excluding people without bank accounts or those who happen to live within the borders of the wrong country. Web3 uses tokens to send money directly in the browser and requires no trusted third party.

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Contact us for information on how Gretol can transform your business