Libellum Offers Verifiable Security to Chinese Imports and Exports
Blockchain technologies are proving time and again that they have an extraordinarily versatile range of uses and are extremely effective in their real-world applications. One of the most popular uses at present has been in the supply-chain industry.
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Enterprises and companies that manage the creation and distribution of goods understand how complex the modern supply chain is. Certain products can go through many if not hundreds of stages across multiple geographical locations, often the route and process require the input of several other entities and individuals.
Supplier verification, product certification, compliance, invoices, payments, costly time delays and human error are all too common in this industry.
One of the largest issues that plague E-commerce / third-party import and exports is that buyers rarely have the ability to verify the legitimacy of suppliers from overseas, which can lead to buyers falling victim to scams.
Blockchain technologies have the capacity to turn this trend around, and accommodating the explosive growth of online sellers and the demand for verified suppliers.
Certification and Verification
A Hong Kong-based IT company called Libellum recently announced a platform to remedy the issue. It’s a supplier verification, product certification and compliance platform with the intention of making purchases from China as secure as possible through blockchain technology, in addition to this, the company is partnering with the world’s largest third-party testing companies.
Libellum enables consumers and buyers of any size to easily search and examine certificate numbers or test reports that are issued by testing and certification companies tied to the platform.
In a user-friendly and streamlined way, buyers can locate supplier certification on the platform and discover whether or not it has been issued through a third-party testing lab, all in a few simple clicks.
The Libellum partnership talks are already underway, one has already been confirmed with one of Germany’s largest third-party testing labs and many others are soon to come to fruition.
Manuel Becvar, CEO of Libellum has spent nearly 20 years working in the import-export industry, building a significant network with the top twenty testing laboratories in the world and has working relationships with thousands of factories in Asia.
In a press release, Becvar shared his thoughts on the platform:
“This is very exciting for retailers, eCommerce sellers, regulatory bodies, authorities and importers around the world. It has been my mission to help buyers verify suppliers from China and Asia for many years. I already give people advice via my educational blog and guidelines on how they can verify suppliers by following a detailed and sometimes (unavoidable) costly background check, but Libellum makes supplier verification simple, fast and affordable”.
Launch and Token Sale
The platform is expected to launch its Minimum Viable Product (MVP) by February 2019, this will come after third-party API integration and the thousands of already existing certificates and reports have been uploaded.
The fully functioning platform will be available by April or May 2019; there will also be an early investor token sale which is presently active, and a pre-sale to fund further developments.
Blockchain and supply-chain solutions are a match made in heaven, however, you’d be hard pressed to find one that so effectively tackles the troublesome issues that Libellum does; to find out more, head to the official Libellum
Image via Libellum
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