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What is Devery (EVE)?
Devery is a new player in the fight against counterfeiting and product tracking. The goal of the project is to develop a monitoring and verification solution for the supply chain to purchase based on blockchain technology. This allows each product to be registered with a code, in an immutable way in the blockchain. It also allows products to be tracked throughout the supply chain to eliminate fraudulent goods and to ensure product provenance ...
In a few words, Devery helps ensure the authenticity and provenance of the goods from the beginning to the end of the product life cycle. From its conception to its marketing and purchase.
Devery provides the equivalent of a digital passport (immutable on the blockchain) for products in order to allow their identification worldwide. Each product can be tracked using a unique identifier, so consumers can see the history of each product they buy.
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The solution proposed by Devery makes it possible to respond to 2 problems well known to businesses and consumers:
- Companies will not have to suffer losses, such as counterfeits, and will be able to improve their reputation and notoriety thanks to this solution.
- Consumers will be able to verify the provenance of each product and avoid counterfeiting
What differentiates it from other players in the same sector is that the platform adapts to all existing traceability solutions, it is an ecosystem that allows players already established on the traceability market to switch to an even more secure solution and adaptable to all products thanks to the blockchain.
The ICO ended in 17 seconds allowing the raising of 10 million dollars at the end of January 2018.
How does Devery work?
Companies adopting the Devery solution will be able to access a platform allowing them to build their own traceability model. Businesses will essentially purchase EVE tokens with unique codes. Manufacturers (at the start of the production chain) will mark a product with the same code provided by the Devery platform. This will ensure the authenticity and provenance of the goods throughout the process.
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This ecosystem can be compared to WordPress for website creation, but in the area of ??product traceability. Developers can easily create their own tracking apps without the need for a full understanding of the blockchain ecosystem. It will thus be much easier to interact with smart-contracts because these will already be pre-developed thanks to the Devery protocol. What differentiates it from Vechain, Wabi & co projects is the fact that it is possible to develop your own applications. The protocol / process is open and allows you to modify it to adapt it to your own requirements.
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