Sunday April 18, 2021
Bitcoin (BTC) $58,828.00   Ether (ETH) $2,276.09
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Vendor Technology

Modulus launches blockchain-as-a-service platform for product authenticity & tracking

Modulus enhances real-world usage for blockchain in the realm of verification...

Published by CryptoNinjas.net
02/24/2021
Modulus launches blockchain-as-a-service platform for product authenticity & tracking

Modulus, a US-based developer of trading and surveillance technology for global equities, derivatives, and cryptocurrency exchanges, today released its new blockchain-as-a-service offering, an enterprise blockchain for decentralized verification and tracking, featuring advanced AI-based capabilities.

Utilizing decentralized blockchain authentication, clients are enabled to prove the origin, authenticity, and integrity of any product or service via immutable digital records that can be accessed and independently verified from across the globe.

“Traditional enterprise blockchain technology creates a cost-efficient framework for supply chain transparency, but the Modulus solution is much more than that,” explained Richard Gardner, CEO of Modulus. “Modulus enhances the typical components of blockchain-based authentication with the addition of its patent-pending artificial intelligence technologies, blending a mix of image recognition and other types of bio-inspired AI together with blockchain technology.

Traditional blockchain-based authentication utilizes a hashing algorithm, which ably handles computer files and documents, but little else. The Modulus solution offers greater real-world application, competently handling the storage of images, video, and audio, storing encrypted data in a secure, immutable Hyperledger blockchain, which may be independently audited and verified at any time.

“The Modulus Blockchain is perfect for proof of product origin, product authenticity, product tracking, and delivery verification, service completion verification, security applications, accident investigations, and much more, as immutable evidence is recorded along with timestamps,” explained Gardner. “Most solutions can verify that a document is signed at a particular time. Our solution can verify that a distinct event happened at an exact time, by a specific person in a particular location. It really is next-generation verification in every sense of the concept.”

The Modulus AI Blockchain Verification System is a hosted blockchain-as-a-service offering, with its AI-based image recognition system being hosted on custom hardware powered by IBM Power9 microprocessors. The system hosts FPGA-based deep learning convolutional neural networks that perform image recognition in real-time before sending processed data to the Hyperledger blockchain.

“The Modulus System requires little input from our clients. It works without cryptocurrencies, blockchain tokens, or cryptocurrency nodes. They need not even build out and develop their own app. Instead, our solution works with any smartphone, and it can be integrated into Amazon, Shopify, and other e-commerce platforms,” noted Gardner.

Real-World Applications Include:

  • Reduces refunds, eliminates chargebacks, and mitigates costly litigation.
  • Allows consumers to verify, solely by scanning a code on their smartphone without using an app, that the merchandise in front of them is authentic.
  • Provides corporations with additional capabilities to manage their supply chains and eliminate inefficiencies.
  • Allows easy verification of negative COVID test results.
  • Guarantees the authenticity of emails, websites, and legal documents.
  • Verifies that a service was performed or that a product was delivered.
5
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: modulusglobal.com/solutions/blockchain

Related News

Modulus CEO: Parler & Amazon Strife Highlight Danger for Digital Asset Exchanges
Crypto Exchanges

Modulus CEO: PDAX Collapse Under Heavy Volume Highlights Importance of Quality Crypto Exchange Technology

02/26/2021
Modulus CEO: Parler & Amazon Strife Highlight Danger for Digital Asset Exchanges
Crypto Exchanges

Modulus CEO: Parler & Amazon Strife Highlight Danger for Digital Asset Exchanges

01/15/2021
Modulus launches new white-label solution for bitcoin futures and margin exchanges
Vendor Technology

Modulus launches new white-label solution for bitcoin futures and margin exchanges

07/24/2020
Crypto exchange white-label Modulus over $1M in BTC accepted since adding as payment option
Vendor Technology

Crypto exchange white-label Modulus over $1M in BTC accepted since adding as payment option

03/17/2020
Modulus now offers crypto exchange partners option to accept card payments
Vendor Technology

Modulus now offers crypto exchange partners option to accept card payments

12/03/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

04/16/2021
Crypto trading app Orion Terminal expands to Polkadot with Moonbeam integration

Crypto trading app Orion Terminal expands to Polkadot with Moonbeam integration

04/14/2021
Blockcap mines 544 bitcoin (BTC) in Q1 2021

Blockcap mines 544 bitcoin (BTC) in Q1 2021

04/16/2021
DEX liquidity provider PancakeSwap now available on SWFT Blockchain

DEX liquidity provider PancakeSwap now available on SWFT Blockchain

04/09/2021
SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

04/16/2021
Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

04/16/2021
Blockcap mines 544 bitcoin (BTC) in Q1 2021

Blockcap mines 544 bitcoin (BTC) in Q1 2021

04/16/2021
SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

04/16/2021
Alpha Finance Lab partners with EPNS bringing better notification system to Alpha Homora users

Alpha Finance Lab partners with EPNS bringing better notification system to Alpha Homora users

04/15/2021
Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks

Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks

04/15/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version