The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

SIMBA Chain and Alitheon Partner To Deliver End-to-End Authentication and Verification

by ChainWire
February 23, 2023
in Industry Announcements

February 23, 2023 – South Bend, Indiana


SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain development to make the innovative technology more accessible across multiple blockchains and services, today announces the integration of Alitheon, the provider of FeaturePrint®, the machine-vision-based solution for authentication and traceability of physical goods.

The go-to-market partnering agreement enables Alitheon to provide its customers with the ability to certify the authenticity and take ownership of digitized physical items using the blockchain-based FeaturePrint® system.

SIMBA will extend Alitheon’s FeaturePrint® to its own customer base, allowing them to first authenticate and then trace physical products through the entirety of their commercial lifecycle.

FeaturePrint® allows for immediate authentication of an item using a smartphone using an advanced optical AI technology that digitizes items.

SIMBA provides the infrastructure to enable the omnipresent tracking of real-world items through the blockchain by tying each physical item issued by a manufacturer to a unique NFT, which acts as the item’s digital twin.

From here, both the NFT and the item can be tracked from warehouse to customer to second-hand buyer and beyond, eliminating the possibility of replication, fraud or counterfeiting.

Bryan Ritchie, CEO of SIMBA Chain, said,

“The global gray and black market and counterfeiting industry has proven to be highly resistant to modern-day technical solutions designed to curb the problem, while physical policing simply cannot match the scope and scale of the issue.

“By registering and digitizing physical items on the blockchain, we can create an immutable public record of each item and then follow its path from retailer to customer and beyond.”

Using NFTs to represent physical items on the blockchain enables industrial materials like aircraft and automotive parts to be tracked in real-time through the supply chain, effectively eliminating risks associated with counterfeit parts or inadequate maintenance.

Blockchain technology can also be used by diamond producers to confirm the quality and ethical sourcing of their precious stones using immutable data which proves the origin of the gemstones.

SIMBA Chain provides governments and enterprises with interconnective blockchain-based solutions to address a number of areas, including supply chain management, financial accountability, medical data processing and manufacturing lines.

SIMBA recently ported the parts supply chain for Boeing’s F/A-18 combat aircraft onto its blockchain-based system, cutting time consuming paperwork costs by 40% and reducing parts waste by 15%.

In industries spanning aviation, automotive manufacturing, pharmaceuticals, luxury goods and collectibles, counterfeiting and gray market activity poses an estimated $4.5 trillion annual challenge to brands and manufacturers.

These activities have negative impacts on revenue, brand integrity and in some cases, the security and well-being of customers.

The Alitheon SIMBA offering presents undeniable authentication of the physical item, coupled with an immutable ledger for storing ownership and other essential data. This ensures that any sales, upgrades and maintenance activities are safely recorded for the entire lifespan of the item’s usage.

The transparency and immutability provided by this solution surpasses current solutions, including certificates of authenticity, guaranteeing end-to-end verification and security for both the physical and digital aspects of the product that can’t be altered by anyone on the network.

About SIMBA Chain

Incubated at the University of Notre Dame in 2017, SIMBA Chain (short for Simple Blockchain Applications) provides a scalable enterprise platform that simplifies blockchain development.

With fewer barriers to entry, companies can build secure, scalable, enterprise-grade solutions that integrate seamlessly with existing data systems.

SIMBA implementations generate value for major government organizations, enterprises and blockchain companies as a production-grade platform that enables public, private or hybrid deployments. Visit the website to learn more.

About Alitheon

Alitheon® is a Bellevue, Washington-based leader in advanced optical AI and creator of FeaturePrint®, a patented system connecting the physical and digital worlds via a secure and immutable link.

FeaturePrint® digitizes for items and products what fingerprints are for people – a one-of-a-kind, unique identifier that does not require you to mark, modify or add anything to the item. Using just a camera, FeaturePrinting enables authentication, identification and traceability of individual items out of millions of similar objects.

With FeaturePrint®, counterfeits are avoided, misidentification of parts is eliminated, and the use of wrong products is minimized. FeaturePrint is currently used for numerous track, trace and authentication purposes across automotive, pharmaceuticals, aerospace and defense, medical equipment, precious metals and luxury goods and collectibles.

Contact

Simon Moser, Polygrowth

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Core’s Revolutionary Satoshi Plus Consensus Marries Decentralization, Security and Scalability
    March 30, 2023
  • Lost Worlds Launches Version 2.0 of GeoNFTs in Web 3.0 Platform
    March 30, 2023
  • Script Network, SingularityNET and Stacks Bring Practical Solutions to Real-World Issues
    March 29, 2023
  • OKX To Open Office in Australia
    March 29, 2023
  • Metacade Raises Over $14.7 Million As Presale Sets To Close in 72 Hours
    March 29, 2023
  • Binance Expands AI-Powered NFT Generator Bicasso
    March 28, 2023
  • Open-Source Blockchain D-Ecosystem Raises $6 Million Ahead of IDO on March 29, 2023
    March 27, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,316.59
$28,316.59
2%
Ethereum
$1,802.53
$1,802.53
3.3%
Cardano
$0.380868
$0.380868
13.46%
XRP
$0.460298
$0.460298
19.52%
Dogecoin
$0.076029
$0.076029
5.81%

Spotlight

  • Here’s What Could Breathe Air Into the Fire of Crypto, According to Venture Capitalist Chris Burniske
    March 28, 2023
  • G7 Nations Seek To Enact Tougher Crypto Regulations Focused on Consumer Protection: Report
    March 28, 2023
  • Balaji Srinivasan Says Millions of Worried Depositors Could Wire Money to Bitcoin As Banks Get Too Big To Escape
    March 28, 2023
  • Native Token for New Crypto Exchange Launched by 3AC Founders Goes Parabolic After Being Listed on SushiSwap
    March 28, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl