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.