10 Retail Blockchain Vendors

In”10 Ways Blockchains Can Benefit Merchants,” my previous post, I addressed possible uses for blockchain technology. In this post, I will explain 10 service providers that currently utilize that technology.

Blockverify

Blockverify utilizes blockchains to recognize counterfeit goods and produce the distribution process more transparent. Each product becomes tagged with a Blockverify tag which can help confirm the origin of the product at every step in the distribution chain. All this information is maintained on a blockchain and may be obtained to confirm authenticity by customers at any given time. The technology supports products in four verticals: pharmaceuticals, luxury items, diamonds, and electronic equipment.

Veem

Veem enables companies to send and receive online payments inexpensively, all in their community currency. The solution is constructed using blockchains along with a few other technologies to allow transfers directly from one bank account to another. It’s in use in over 60 nations.

Ascribe

Ascribe provides a blockchain product for handling and selling digital artwork. Artists enroll themselves as the founder and apply the blockchain to connect their electronic artworks. It then tracks sales by shifting the ownership of the art from the founder to the buyer. For independent retailers, this sort of security could decrease ownership concerns and protect against copyright claims.

OpenBazaar

OpenBazaar is a decentralized peer reviewed online market. Payments are made using bitcoin. The OpenBazaar app is free to download.

Provenance

Provenance, like Blockverify, focuses on enhancing the transparency of supply chains. But rather than identifying counterfeit goods, it will help determine whether the products were sourced ethically and sustainably. It promotes brands which commit to ethical sourcing, reasonable working conditions, quality, and sustainability. Retailers can use this information to promote more sustainable and ethical products.

Everledger

Everledger delivers a permanent blockchain ledger for monitoring and protecting valuable resources for insurance providers, owners, claimants, and law enforcement groups. Everledger supports both private and public blockchains. The latter works by providing access only to certain people.

Wave

Wave enables ease of exchanging files between members of a supply chain by using blockchain. This helps handle and resolve disputes since the blockchain offers incontrovertible evidence of what has happened at every point in the series, detecting forgeries and unnecessary dangers. By not using a central figure to regulate this record exchange, Wave eliminates single point of failure and avoids third party fees.

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Warranteer

Warranteer utilizes blockchain technology to handle product warranties digitally. The business operates with Asus, LG, GoPro, Hisense, along with other leading brands. All warranties can be kept in a blockchain wallet and kept up to date in real time. Warranties are automatically activated, and assorted after-sale services are monitored. Users are prompted by Warranteer if a guarantee is about to perish, with a simple way to expand it. Furthermore, warranties can be moved transparently from 1 provider to another.

Loyyal

Loyyal is a loyalty platform constructed on blockchain. It works with loyalty programs of numerous businesses — such airlines and retail — to provide multi-branded benefits by combining, say, a merchant and airline to get a single reward. This interoperability contributes to greater redemption options and superior program liability management.

POSaBIT

POSaBIT allows consumers to buy cryptocurrencies throughout the point-of-sale retail experience. These digital wallets may be used to make purchases on the spot or anywhere that accepts these monies, such as Amazon, Overstock, Expedia, and more.

Can you use a blockchain solution? Please let us know in the comments, below.