In Spain, Vestigia Blockchain is a dual platform that protects products from counterfeiting and piracy. And now, as reported by Ideal, was a finalist for the Alhambra Venture.
According to the article published by the Ideal Portal, Vestigia Blockchain is a dual platform that protects products against counterfeiting and piracy through a patented “Crypto Tag”.
“”This technology, which is based on blockchain and artificial intelligence, offers consumers a first-class shopping experience, protects the reputation of brands and manufacturers, certifies traceability and helps to sell more (…) The peculiarity of this start-up is that it can act automatically, for example to prevent expired batches from reaching the end customer, ”says the publication in detail.
From the company, they explained that they control the operational and reputational risk of a brand automatically and in a certified manner.
“Once the product is ready, the label is used to deliver the full value of the brand to the consumer so that he can know where it came from, where it was made, and learn more about its history. You don’t just need to know whether it is an original and whether it has been tampered with or stored incorrectly, ”the article says.
The founders of Vestigia highlighted:
“With automated decision making, our system helped our customers manage their products during the crisis. We also helped with our “crypto day” so that manufacturers and retailers can demonstrate that they have been properly adapted to the hygiene measures that this pandemic forces us to do. “
José Manuel Avelino Ríos, CEO of Vestigia Blockchain, emphasized:
“Our blockchain and artificial intelligence technology offers a competitive difference and a digital foundation for implementing the new business models that businesses need to address this new Covid-19 situation. Our short-term goal is, in particular, to continue to offer our customers advanced and high-quality services to support them in their operational management and in differentiating their products on the national and international market.
As a Vestigia Blockchain team, they were very happy to be one of Alhambra Venture’s 25 finalist startups.
“The Alhambra Venture 2020 organized by IDEAL is supported and sponsored by the Andalusian government, the City Council of Granada, the Provincial Council of Granada, the BStartup of Banco Sabadell, AJE, ElReferente, AWS Cloud Computing, Cevi Pyme and Red Eléctrica Española, ENISA, Acciona and the University of Granada, ”concluded the article.
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