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Timber Chain

Building trust and accountability in the global timber trade

Timber supply networks are complex, international and challenging to audit, which leads to billions of dollars in losses from illegal activity and inefficient processes. Timber Chain from iov42 changes that.

Timber Chain on your desktop

Timber Chain is a first-of-its-kind service that enhances the digital data recording processes for companies, optimises the auditing and certification processes for certifiers, and ensures data integrity by protecting everything on a cryptographically-secure platform. This minimises the risk of illegal timber activity and will instead promote data-driven decision-making and provide a transparent audit trail of actions.

Timber Chain empowers you to

Create permanent digital records for your commodities, their processing and their downstream sales
Upload all relevant information for easy, secure access and verification by certifiers, authorities and customers
Easily navigate through interlinked information without having to go through piles of paperwork and emails
Share shipment information with buyers so they can trace each consignment’s origin
Have peace of mind that you can demonstrate compliance at the point you received shipments

The World Bank estimates that 15-30% of timber is harvested and exported illegally. Complex, international supply networks make it hard for businesses, individuals, and governments to know whether their wood has been sourced in compliance with local regulation.

Will Timber Chain work for me?

Whatever your role in the supply network, Timber Chain optimises your capacity for due-diligence, information sharing, verification and auditing, enabling maximum efficiency and providing peace of mind. Clients have told us ‘with shipments on Timber Chain, compliance is ‘just done’. Everyone from importers and exporters to forest managers, harvesters and retailers of wood products can implement a dynamic, ultra-secure system that reduces the risk of human error or corruption.

Any reputable organisation, once permissioned by network participants, can use Timber Chain. This positions Timber Chain as a reputable provider of trust between all participants in the network, both direct and indirect.

Importers

Traders receiving timber into their market and selling onto their own customers or direct to end users.

Exporters / Traders

Traders selling and shipping timber from one market to another. Supply can be entirely their own or including other companies’ shipments.

Certifiers / Verifiers

Organisations who check and approve claims made by other timber organisations in the ecosystem. For instance, claims about Chain of Custody, or Forest Management standards.

Sawmills

Companies who buy timber from forests and process it for selling onto other companies.

Coming Soon: Forest Owners

Organisations responsible for sustainable forest management, planting and harvesting timber in line with deforestation regulations.

Talk to us

Our team is more than happy to answer your questions and discuss how Timber Chain can be used to meet your needs.

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Our partners

Trust is our end goal and our most cherished value, so it’s no surprise that trusted partnerships are central to our approach. We collaborate with like-minded organisations across multiple sectors to enhance the applicability of our technology, help us deliver for clients and ensure iov42 is used in the service of people, communities and the planet.

Resources from iov42

A focus on EUDR: Certification and verification: What’s the difference?

Within the context of regulatory due diligence, the distinction between certification and verification is becoming increasingly crucial for those buying and selling forest and agricultural products. While the terms may seem interchangeable, there are important distinctions that could make the difference between trouble-free trading or expensive mistakes. Here are three key differences.

Frequently asked questions

What key information can Timber Chain store and use to build trust across a supply chain and aid due diligence?

Timber Chain has been designed to store an unlimited range of data and information including: 

  • Any relevant documentation required for a shipment to be exported from a producer country. For instance, packing lists, bills of lading, permit harvests, CoC / FMU certificates. 
  • Third party endorsements of claims – certification claims, or claims about origin, species, logging permits, etc. 
  • Geo-location (which can be endorsed by a third party)
  • Science-based testing analysis (to prove species, origin, etc.)

The entire purpose of Timber Chain is to collect a range of data and information as trust points related to timber trading between participants, secure them in one place, and then allow them to be shared securely and/or privately. 

Does Timber Chain certify the legality and sustainability of timber?

Timber Chain does not establish or issue timber certification. It is not a new standard, and is not a certification body. It is a vehicle on which to manage due diligence or supply chain information.

Do all my suppliers and customers have to be on Timber Chain for me to use it?

No. We realise the fact that some organisations might not have the capacity or the means to upload their data to Timber Chain, therefore, we allow downstream members to upload data on behalf of their upstream suppliers. This ensures that full traceability data is available for due diligence and auditing purposes.

We also provide the means for Timber Chain users to share their outputs (shipments / deliveries / sales / etc.) with their customers who are not members of Timber Chain. This can be done via password-protected share links that are limited to one entity (i.e. 1 shipment / 1 delivery / etc.).

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Want to know more about Timber Chain?

Would you like to know more about iov42 solutions? Our team will be more than happy to answer your questions.

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