Korean Startup’s QR Technology Brings Hope For Higher Blockchain Security

Asia Blockchain Review
October 9, 2019
Korean Startup’s QR Technology Brings Hope For Higher Blockchain Security

Block Odyssey, a Korea-based startup, has unveiled a new security system that allows users to track their products and data throughout logistical processes using an easy and reliable platform. KoreaTechDesk reported that the company believes the technology can help safeguard against the misuse of products and data by using blockchain to enhance security.

With the counterfeit and piracy market rising at an alarming rate, Block Odyssey has seized the opportunity to ensure product and data authenticity through its digital signature embedded QR code blockchain technology, which also helps to manage logistics.

Transparency From Beginning To End

The platform promises transparency by enabling all stakeholders involved in the logistics of products and data, including customers, to monitor every stage of the distribution or production, from data tracking to certification after purchase. 

Block Odyssey says it hopes the technology, which uses PoET to support flexible node change, will be able to prevent product counterfeit/modulation going forward.

In addition to transparency, efficiency is perhaps the biggest strength of this technology, thanks to Block Odyssey’s fast transaction processing and high-level security measures.

Appealing To Many Industries

Potential customers of the platform include the pharmacy, cosmetics, electronics and IT markets, which are in high demand for stopping counterfeit and piracy. The technology is set to be integrated with global leaders such as LG, AmorePacific and Guerbet to further develop a secure platform between companies and consumers.

Block Odyssey expects to hit its sales target of US$16 million by 2021.

Source: koreatechdesk.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
The BitOrb Exchanges Secures $6.4M
The BitOrb Exchange has successfully secured US$6.4 million in its latest funding round which was le...

November 15, 2019

Inblocks Conference by Tokocrypto is BACK, together with Indonesia Blockchain Week
Tokocrypto, the leading crypto exchange in Indonesia, presents Inblocks 2019, the biggest blockchain...

November 12, 2019

Blockchain Regulation and Landscape In Indonesia
After prohibiting crypto assets in early 2018, the Indonesian government finally started realizing t...

November 6, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us