Blockticity Tackles Counterfeit Goods with Blockchain Certification
Blockticity, a product certification system built on the Avalanche blockchain, is making strides to combat the counterfeit industry valued at $4.5 trillion annually. The system provides a unique solution to the issues of authenticity and verification in the global economy. This information was shared via a post published on the Avalanche network's official blog.
Minting Certifications for Goods Worth Over $275M
Blockticity has already minted certifications for goods totaling over $275 million on Avalanche. This initial minting covers a variety of products, which includes hemp, psychedelic mushrooms, and kratom. These products are from ACS Laboratory, one of the largest hemp and cannabis labs in the U.S., as per the aforementioned blog post.
QR Code and Certificate of Analysis
The system developed by Blockticity involves printing a QR code on products after they have undergone third-party testing. This QR code links to a Certificate of Analysis, minted as an Avalanche NFT (Non-Fungible Token). This innovative process provides added security and assurance of product authenticity to consumers.
Ava Labs Announces Developer Preview of Firewood
Last week, the Ava Labs team announced the developer preview of Firewood. This is a multi-year project that involves developing a state-of-the-art database from scratch in Rust, optimized for storing Merkleized blockchain state. The announcement was made through an official communication from Ava Labs.
Firewood: A Database for High-throughput Blockchains on Avalanche
The Ava Labs team plans to delve into more detail about this database, which is specifically built for high-throughput blockchains on Avalanche. The details will be shared during the Developer Community Call, a platform where the team engages with developers and other interested parties. The call was scheduled to happen at 1pm ET, as per the official announcement.