Change of State (CoS) technology and blockchain is at the heart of this solution. This would allow supply chain operators to control and view all changes relating to that item.
CoS technology allows customers to verify on the blockchain in real time, the full journey of a product with benefits including, including improved product safety, reduction in fraud, scams and corruption, along with increased accuracy of information about the product.
VeriDoc Global has identified multiple inefficiencies in cross-border delivery industry, which the key factors are related to lack of transparency and trust between the different providers along the way. International parcel delivery usually go through several logistics vendors, each on their side of the country, and there is a lot of accounting and interoperability interactions between the different vendors.VeriDoc Global plans to solve these issues with a blockchain technology and finished solution by taking advantage of its inherent transparency and trust.