SIMBA Chain and Alitheon Accomplice to Ship Finish-to-Finish Authentication & Verification

[PRESS RELEASE – South Bend, Indiana, 23rd February 2023]

SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain growth to make the progressive know-how extra accessible throughout a number of blockchains and providers, immediately publicizes the mixing of Alitheon, the supplier of FeaturePrint®, the machine-vision-based answer for authentication and traceability of bodily items.

The go-to-market partnering settlement permits Alitheon to offer its prospects with the flexibility to certify the authenticity and take possession of digitized bodily objects utilizing the blockchain-based FeaturePrint® system. SIMBA will lengthen Alitheon’s FeaturePrint to its personal buyer base, permitting them to first authenticate, after which hint, bodily merchandise via everything of their business lifecycle.

FeaturePrint® permits for quick authentication of an merchandise utilizing a smartphone utilizing a complicated optical AI know-how that digitizes objects. SIMBA supplies the infrastructure to allow the omnipresent monitoring of real-world objects via the blockchain by tying every bodily merchandise issued by a producer to a singular NFT which acts because the merchandise’s digital twin. From right here, each the NFT and the merchandise could be tracked from warehouse to buyer to second-hand purchaser and past, eliminating the potential for replication, fraud or counterfeiting.

Bryan Ritchie, CEO of SIMBA Chain, mentioned: “The worldwide grey and black market and counterfeiting business has confirmed to be extremely proof against modern-day technical options designed to curb the issue, whereas bodily policing merely can’t match the scope and scale of the difficulty. By registering and digitizing bodily objects on the blockchain we will create an immutable public file of every merchandise, after which observe its path from retailer to buyer and past.”

Utilizing NFTs to signify bodily objects on the blockchain permits industrial supplies like plane and automotive elements to be tracked in real-time via the availability chain, successfully eliminating dangers related to counterfeit elements or insufficient upkeep. Blockchain know-how can be utilized by diamond producers to substantiate the standard and moral sourcing of their treasured stones utilizing immutable knowledge which proves the origin of the gem stones.

SIMBA Chain supplies governments and enterprises with interconnective blockchain-based options to handle quite a few areas, together with provide chain administration, monetary accountability, medical knowledge processing, and manufacturing strains. SIMBA not too long ago ported the elements provide chain for Boeing’s F/A-18 fight plane onto its blockchain-based system, reducing time consuming paperwork prices by 40%, and decreasing elements waste by 15%.

In industries spanning aviation, automotive manufacturing, prescription drugs, luxurious items, and collectibles, counterfeiting and grey market exercise poses an estimated $4.5 trillion annual problem to manufacturers and producers. These actions have destructive impacts on income, model integrity, and, in some circumstances, the safety and well-being of consumers.

The Alitheon SIMBA providing presents simple authentication of the bodily merchandise, coupled with an immutable ledger for storing possession and different important knowledge. This ensures that any gross sales, upgrades, and upkeep actions are safely recorded for your complete lifespan of the merchandise’s utilization. The transparency and immutability supplied by this answer surpasses present options, together with certificates of authenticity, guaranteeing end-to-end verification and safety for each the bodily and digital facets of the product that may’t be altered by anybody on the community.

About SIMBA Chain

Incubated on the College of Notre Dame in 2017, SIMBA Chain (brief for Easy Blockchain Purposes) supplies a scalable enterprise platform that simplifies blockchain growth. With fewer obstacles to entry, firms can construct safe, scalable, enterprise-grade options that combine seamlessly with present knowledge techniques. SIMBA implementations generate worth for main authorities organizations, enterprises, and blockchain firms as a production-grade platform that allows public, non-public, or hybrid deployments. Go to simbachain.com to study extra.

About Alitheon

Alitheon® is a Bellevue, Washington-based chief in superior optical AI and creator of FeaturePrint®, a patented system connecting the bodily and digital worlds through a safe and immutable hyperlink. FeaturePrint digitizes for objects and merchandise, what fingerprints are for folks – a one-of-a-kind, distinctive identifier that doesn’t require you to mark, modify or add something to the merchandise. Utilizing only a digicam, FeaturePrinting permits authentication, identification, and traceability of particular person objects out of hundreds of thousands of comparable objects. With FeaturePrint, counterfeits are averted, misidentification of elements is eradicated, and using incorrect merchandise is minimized. FeaturePrint is at the moment used for quite a few observe, hint, and authentication functions throughout automotive, prescription drugs, aerospace & protection, medical gear, treasured metals, and luxurious items & collectibles.