Blockverify
Blockverify is a startup that provides blockchain-based anti-counterfeit solutions mainly to customers in the supply chain industry. The company, which was founded by Paul Tanasyuk and Pavlo Tanasyuk in 2015[1], allows its users to track high-value goods throughout the supply chain to deliver authentic products to its consumers.[2][3]
The Blockverify technology can be used for different products in order to track the diversion of goods and fraudulent transaction.[4]
BlockVerify technology
Manufacturers lose billions of dollars as high-value products such as medicine, luxury items, diamonds, electronics, music, and software are counterfeited.[5] Security companies use various technologies to address this issue in the block chain. Blockverify addresses this problem through its supply chain management solution based on blockchain by preventing duplicate appearances.[6] The company uses its own private blockchain in its recording procedures but is also capable of using other blockchains such as Bitcoin. [5] Through a decentralized platform, its technologies can be seamlessly integrated with existing supply chain processes.[7]
Example applications include the capability of the company to enable its users to verify the authenticity of medications by scanning QR codes.[8] Blockverify – through this capability - helps combat the international trade of counterfeit drugs, which cost more than $200 billion annually.[2]
To track items along the chain, the company developed its own Block Verify tags.[9]
- ↑ UK Tech (2021-06-04). "These are the most funded cryptocurrency startups in the UK right now". UKTN. [1]
- ↑ 2.0 2.1 Thomson, Andrew (2015-09-27). "Using The Blockchain To Fight Crime And Save Lives". TechCrunch. Retrieved 2025-10-01
- ↑ Bheemaiah, Kariappa (2017). The Blockchain Alternative: Rethinking Macroeconomic Policy and Economic Theory. Apress. p. 68. ISBN 978-1-4842-2674-2
- ↑ Dave, Chintan (2024). Security Challenges with Blockchain: Navigate Blockchain Security Challenges, Unveil Vulnerabilities, and Gain Practical Strategies for Secure Application Development. Orange Education Pvt Limited. ISBN 978-81-968620-9-1
- ↑ 5.0 5.1 Gupta, Shibakali; Banerjee, Indradip; Bhattacharyya, Siddhartha (2019). Big Data Security. Walter de Gruyter GmbH & Co KG. ISBN 978-3-11-060596-9
- ↑ Widjaja, Mr Gunawan; Upadhayaya, Niraj; Keshta, Ismail; Byeon, Dr Haewon (2023-09-18). Blockchain fundamentals core and concepts and decentralized ledger technology. Xoffencerpublication. ISBN 978-81-19534-30-2. p. 8
- ↑ Vizologi (n.d.). "Blockverify’s Company Overview". Vizologi. [2]
- ↑ Alberts, Johnnie. Crypto: What Bitcoin, XRP, and Other Cryptocurrencies Will Be Worth. Dedona Publishing
- ↑ Halak, Basel (2021). Authentication of Embedded Devices: Technologies, Protocols and Emerging Applications. Springer Nature. p. 119. ISBN 978-3-030-60769-2