Revolutionizing Transparency: The Crypto Transaction Certificate (Crypto TC ™)
The Traditional TC Process
However, the implementation of traditional TCs is far from straightforward. Manufacturers are required to identify the source of their feedstock, detailing where it was obtained. Additionally, they must upload invoices as proof, which can, in some cases, be fabricated. Audits are often limited in their effectiveness and traditional TCs essentially capture only the starting point of a product's sustainability journey, primarily focusing on the first batch of materials.
Enter the Crypto Transaction Certificate (Crypto TC™)
The Crypto TC™ represents a groundbreaking shift in the world of traceability and certification. It introduces instant verification without the need for additional costs or long delays. Much like traditional TCs, Crypto TC™s record the journey of sustainable materials through the supply chain. However, they do so in a highly secure and tamper-proof manner.
Key Advantages of Crypto TC™s:
1. Speed and Efficiency:
Crypto TC™s offer instant verification, eliminating the need for time-consuming audits and reducing administrative overhead. The process remains nearly identical to that of traditional TCs, making it a seamless transition for manufacturers.
2. Trust without Third Parties:
Unlike traditional TCs, which often require third-party verification, Crypto TC™s function on a secure blockchain platform. This eliminates the need for intermediaries, reducing costs and enhancing trust in the system.
3. Enhanced Transparency:
Crypto TC™s provide an additional layer of transparency. Each certificate includes essential information such as a Purchase Order (PO) number and a note for the next party in the supply chain. These details are accessible via a QR code, allowing stakeholders to view the same document online.
4. Shared Visibility:
Stakeholders, including brands and parties involved in specific steps of the supply chain, can access Crypto TC™s. This shared visibility fosters trust and collaboration among all participants.
5. Regulatory Compliance:
While traditional TCs often rely on scope certificates, Crypto TC™s ensure compliance through Know Your Customer (KYC) processes within the platform.
In a world where greenwashing and inaccurate sustainability claims abound, the Crypto TC™ emerges as a beacon of trust and transparency. It addresses the shortcomings of traditional TCs by providing a secure, instantaneous, and tamper-proof solution that enhances sustainability verification for all stakeholders.