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Karuschain

Global Precious Metals Supply Chain Transparency

The Karuschain platform is a tracing and tracking solution for the precious metal industry. The platform enables upstream producers to track precious metal as it travels upstream from its point of extraction. Simultaneously the platform facilitates tracing back to the source of the precious metals.

3.8
3 2 expert ratings
Benchy 4.0
KYC
Experts
3.6
3.4
3.4
Review: coming soon PRO
Ended
Token
KRS
Type
IEO launchpad
Price in ICO
0.1000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, CANADA, JAPAN
ICO start
14th Jan 2020
ICO end
14th Feb 2020
Visit ICO website
Report

About Karuschain

The Karuschain platform uses the Ethereum and Hyperledger blockchains, our implementation of sophisticated smart contracts (chaincode), and the management of key data flows from legacy systems and innovative hardware throughout the precious metals supply chain.

Karuschain platform technology will allow supply chain participants to determine the source of the metal as it flows upstream. It will allow them to track the metal from the source onwards and then for other participants to trace backwards to the source. It will allow a participants’ compliance department to determine what compliance data to store on its private blockchain channel and with whom to share read-only access.

Downstream participants have a clear incentive to connect to Karuschain to meet their compliance and CSR obligations as the available pool of data and upstream producers increases for tracing/cross-checking purposes. They will, as major buyers of the output of upstream companies, exert pressure to open up data flow from upstream in to facilitate source tracing. The demonstrable success by both upstream and downstream participants in meeting their compliance obligations will drive data sharing, platform use, and industry end-user acquisition.

The Karuschain platform will be built on a foundation of a compelling use case. It will evolve into an industry driven ecosystem supporting the greatest possible transparency in the precious metals supply chain/market.

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ICO KYC Report
2 members invited
Richard Verkley
Passed
Robert van der Zalm
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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