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Offline emski

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DAC Concept: Item certification
« on: October 13, 2014, 12:50:28 PM »

We could use bitshares toolkit tech (with some modifications) to verify the origin of a product.

Lets see the following example:
We have a producer of goods - winemaker. That produces limited bottles of wine per year. The producer sells the wine to distributor(s), who deliver it to the retailers , where consumers buy it.
Currently each bottle has a serial number and the users could rely on producer's website to verify if the bottle is authentic. However this requires centralized bookkeeping and there is no proven track record of each bottle.

What I imagine:
The producer creates X bottles of wine (or any other items) and issues X named unique tokens on the blockchain. Each token represents a single bottle (item). Whenever the current owner transfers(sells) the bottle (item) to another entity the equivalent transaction is made on the blockchain. Seller can only sell once what he legitimately has acquired. Buyer is certain about the origin of the item as he is able to track the whole history on the blockchain back to the original item producer. In case of malicious intermediate (falsifying the real bottle (item) ) he could do this only once per authentic item aquired. Any buyer will be able to see the list of previous owners of the bottle (item) and locate and expose the malicious parties.

Consumption of the bottle (usage of the item) could also be implemented as blockchain transaction. Ratings could be added relatively easy on the blockchain ONLY from verified users that consume the bottle (use the item). Ratings could be tracked also per distributor or per retailer in order to avoid a producer who maliciously rates himself.

Thoughts?

Offline xeroc

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Re: DAC Concept: Item certification
« Reply #1 on: October 13, 2014, 12:58:01 PM »
Consumption of the bottle (usage of the item) could also be implemented as blockchain transaction.
By burning the share .. literally :-)

couldn't this be implemented on btsx already (except the high asset registration fee) .. which leads to BitShares ME (again) ..
Isn't this the whole idea behind coloured coins too?

If you own the car token for my car .. you can sign a message to start the engines :)
« Last Edit: October 13, 2014, 12:59:41 PM by xeroc »
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline emski

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Re: DAC Concept: Item certification
« Reply #2 on: October 13, 2014, 01:05:21 PM »
Consumption of the bottle (usage of the item) could also be implemented as blockchain transaction.
By burning the share .. literally :-)
More like buying rating tokens that can be used to rate the producer and any distributor/retailer who possessed the item at any time.

couldn't this be implemented on btsx already (except the high asset registration fee) .. which leads to BitShares ME (again) ..
Isn't this the whole idea behind coloured coins too?
Asset price of any kind. You shouldn't be charged that much for just using the system. Yes, colored coins have the same idea. However you don't need to use the bitcoin protocol/blockchain for that.

If you own the car token for my car .. you can sign a message to start the engines :)
I would go for a less dangerous functionality ... but yes, that is fun too.

Offline tonyk

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Re: DAC Concept: Item certification
« Reply #3 on: October 13, 2014, 05:14:08 PM »
Oh boy. No all the counterfeiters and bootleggers know who came with the original idea to run them out of business  :)
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Empirical1.1

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Re: DAC Concept: Item certification
« Reply #4 on: October 17, 2014, 04:43:40 PM »
Yeah I think this is along the lines of what I was just thinking of.

Rolex for example has $4.5 Billion revenue but it is an industry plagued with fakes etc.

How do you know your Rolex is genuine even with serial numbers?

If each Rolex serial number was also a token on a blockchain then you would just sell the 'serial number' token when you sold the watch. Only the genuine Rolex holder would also own the 'serial number' token on the WATCH blockchain.

Offline Chuckone

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Re: DAC Concept: Item certification
« Reply #5 on: October 17, 2014, 04:57:33 PM »
This concept could basically be used also for a decentralized tracking system for delivery companies (UPS, FedEx, etc.), instead of maintaining huge and complex tracking databases...

Offline G1ng3rBr34dM4n

Re: DAC Concept: Item certification
« Reply #6 on: November 03, 2014, 02:45:48 PM »
Emski, I really like the idea!  Specific to the industry of wine, we could really get buy in if we were able to get the Master Sommeliers on board.  I'm guessing this is a problem they're trying to solve, might be worthwhile to reach out and validate that hypothesis.


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Offline emski

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Re: DAC Concept: Item certification
« Reply #7 on: November 03, 2014, 03:09:25 PM »
Emski, I really like the idea!  Specific to the industry of wine, we could really get buy in if we were able to get the Master Sommeliers on board.  I'm guessing this is a problem they're trying to solve, might be worthwhile to reach out and validate that hypothesis.


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I believe there is similar project that is in execution but it uses bitcoin blockchain. I'm more towards technical stuff so I don't have time and connections to get the producers onboard. It could work for other valuable items too. Rolex was a good example. I'd be really happy if I can visit the shop and buy a cigar signed by the original Cuban manufacturer. And if I have a complaint it will be extremely easy to track the dishonest parties.

@Chuckone that might not be very useful for UPS/FedEX as their tracking database and services are mostly important for them. There is no incentive for anyone to run a node processing  UPS/FedEX's tracking system. Also they need to modify any entry at any time so the decentralised model shouldn't benefit them.

Offline JWF

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Re: DAC Concept: Item certification
« Reply #8 on: November 03, 2014, 03:44:43 PM »
Use for:
coin grading
certificates of authenticity
GMO labeling could be done this way in that a person would be able to track all ingredients that went into a product to ensure no GMOs?
The marijuana industry has a seed to sale tracking system that could utilize this as well

Offline G1ng3rBr34dM4n

Re: DAC Concept: Item certification
« Reply #9 on: November 03, 2014, 06:08:34 PM »
I believe there is similar project that is in execution but it uses bitcoin blockchain. I'm more towards technical stuff so I don't have time and connections to get the producers onboard. It could work for other valuable items too. Rolex was a good example.

 +5%

Any chance you have a link to the similar project using btc blockchain?

Use for:
coin grading
certificates of authenticity
GMO labeling could be done this way in that a person would be able to track all ingredients that went into a product to ensure no GMOs?
The marijuana industry has a seed to sale tracking system that could utilize this as well

JWF, great idea!  This is what we're working on with Future Tech Farm (Link to bitsharestalk post here).  One of our goals is to have the ability to track every single plant grown with proof of: No GMO, No Pesticide Utilization, etc...  Publicly verifiable and an objectively better system than "Certified Organic" by at least an order of magnitude.


Offline emski

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Re: DAC Concept: Item certification
« Reply #10 on: November 03, 2014, 06:33:23 PM »
@G1ng3rBr34dM4n
The concept is explained in vinfolio's blog:
http://blog.vinfolio.com/2014/10/06/the-future-of-wine-provenance-is-bitcoin/
It is basically the same idea realised using bitcoin blockchain.
I think I remember a site mentioning a possible investor. But I was unable to find it so there might be no ongoing projects after all.

Offline JWF

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Re: DAC Concept: Item certification
« Reply #11 on: November 03, 2014, 06:55:35 PM »


JWF, great idea!  This is what we're working on with Future Tech Farm (Link to bitsharestalk post here).  One of our goals is to have the ability to track every single plant grown with proof of: No GMO, No Pesticide Utilization, etc...  Publicly verifiable and an objectively better system than "Certified Organic" by at least an order of magnitude.


I'm a farmer (small acreage) and have been trying to devise uses for the blockchain in farming. The fact that you are focused on the future of food is awesome and needed. My goal is uses to get traditional small scale farms connected through a block chain using the current infrastructure available to most of them.  I wonder if Baker Creek Heirloom seeds would be interested in this as a means of verifying their seed stock as they are almost militantly against GMOs.

FTF looks to have good potential, but it really gives me the impression of being better used in large warehouse grows where the machines are all under control of one structure, network, security system.

Offline santaclause102

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Re: DAC Concept: Item certification
« Reply #12 on: November 03, 2014, 07:01:57 PM »
What about this?
The wine is consumed. Then the wine consumer has an incentive to sell his certificate to a counterfeiter who labels a cheap wine like the expensive one that has been consumed and sells this with the token he acquired.

Edit: Found the answer:
Quote
The situation that will still exist is that of drinking the contents of a bottle and then refilling and selling.  However, for this type of fraud to occur you will need to have the money to buy the wines and the bitcoin token in the first place.  You will then need to be willing to transfer the bottle to a new collector using your public signature.  In an environment where buyers are asking for the bitcoin to be transferred along with the sale, fraud will become a 1 to 1 relationship, verses the 1 to many fraud opportunity that exists today.

Also, would TITAN be a problem in that it would not allow to track the token back to the originator?
« Last Edit: November 03, 2014, 07:13:46 PM by delulo »

Offline G1ng3rBr34dM4n

Re: DAC Concept: Item certification
« Reply #13 on: November 03, 2014, 07:06:06 PM »
@G1ng3rBr34dM4n
The concept is explained in vinfolio's blog:
http://blog.vinfolio.com/2014/10/06/the-future-of-wine-provenance-is-bitcoin/
It is basically the same idea realised using bitcoin blockchain.
I think I remember a site mentioning a possible investor. But I was unable to find it so there might be no ongoing projects after all.

Thank you! That is pretty awesome, I skimmed it but will definitely dive in when I get out of work.

Offline G1ng3rBr34dM4n

Re: DAC Concept: Item certification
« Reply #14 on: November 03, 2014, 07:07:29 PM »
I'm a farmer (small acreage) and have been trying to devise uses for the blockchain in farming. The fact that you are focused on the future of food is awesome and needed. My goal is uses to get traditional small scale farms connected through a block chain using the current infrastructure available to most of them.  I wonder if Baker Creek Heirloom seeds would be interested in this as a means of verifying their seed stock as they are almost militantly against GMOs.

FTF looks to have good potential, but it really gives me the impression of being better used in large warehouse grows where the machines are all under control of one structure, network, security system.

Curious to know more!  PM sent.

Great idea with Baker Creek Heirloom seeds too.

 

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