VeriTAG, a Singapore-based developer of cloud tag technology, has announced the decision to move from a private blockchain to the NULS public blockchain. VeriTAG will also be a node owner of NULS.
NULS is a customizable blockchain infrastructure and open-source enterprise blockchain platform. It features microservices, smart contracts, cross-chain interoperability, and instant chain-building.
Now 100% transparent, VeriTAG can provide tracking through a public blockchain for its authentication solution. VeriTAG will take advantage of the blockchain technology that NULS has developed to achieve transparency in food manufacturing, supply chain logistics, and sales.
The VeriTAG project was developed using Chain Factory, the blockchain development platform recently launched by NULS. During the development process, the VeriTAG tracking system was tested and verified to ensure ease of use and reliability.
In addition, VeriTAG has now established a consensus node in the NULS main network. The consensus proceeds will be used to pay for the cost of maintaining the tracking system.