2TEST and Credits Partnership
The supply of high-quality and sensitive equipment always implies risks from all participants in the process. To monitor the functioning of the system and the presence of minimal control over the activity, companies have implemented sensors collecting data. This decision made it possible to improve the supply chain, but could not completely put an end to the distrust of the participants. There are still concerns about the falsification of current data, which can lead to the following issues:
- Violation of confidentiality of personal data
- Damage or injury affecting the integrity of the produce
- Financial costs
- Lack of evidence of substitution of indicators
This is how it works. Information from sensors is recorded in a service deployed on the Credits blockchain platform. The advantage of it is the speed of operation, fault tolerance, automatic data replication and ensuring the immutability of data, which is ensured by the core of the system, built using the patented blockchain technology.
The openness of the system allows the user personally, or with the involvement of independent experts to evaluate the reliability and quality of the equipment. The information is stored in the blockchain is unchanged, which any user can verify by requesting the necessary data at any time. Data consistency is ensured by using time-tested cryptographic algorithms that provide higher security.
The transparency, security and data integrity of the working system are integral components in the process of tracking the movement of equipment and vehicles. In the system, even though the information is collected and stored by a third-party company, it is reliable and cannot be compromised by any of the parties. Transport and insurance companies, government organizations and end-customers have the right to control information on the movement of the car, speed, temperature conditions of the goods through touch and GPS sensors.
About Credits Blockchain Platform
Credits is an open-source and decentralized blockchain platform for the development and execution of smart contracts and decentralized applications. The project offers public and private solutions suitable for B2C and B2B markets eliminating the problems of trust and uncertainty. The peculiarity of Credits is a high-speed decentralized blockchain platform that provides from 50,000 transactions per second with a confirmation time of a single transaction around 0.1 second and low fees around 0.001 USD. The platform is intended to develop standalone smart contracts and decentralized applications.