Project description
Blockchain and nanotechnology combine to stop counterfeits
Counterfeit goods are damaging to businesses and European economies as a whole, reducing sales and tax income. The SMark2.0 project is aiming to change that with a revolutionary new authentication and tracking system that uses nanotechnology labels and a blockchain-based decentralised secure network. This system offers a simple, reliable and innovative solution to authenticate and track the origin of goods. SMark2.0 is taking a pilot project commercial by developing scalable manufacturing processes and a business model. The project aims to break even in year 2, and offer a substantial return on investment in year 3.
Objective
SMark2.0 is the connection between nanotechnology and blockchain that allows a brand new, unique and ground-breaking approach to authentication, identification and track-and-trace.
Counterfeiting is causing severe business damages, reducing tax incomes and directly or indirectly affecting the life of EU citizens. Our mission is to offer break through solutions to protect people & businesses through reliable, yet simple ways to authenticate the origin of the goods.
SMark2.0 is a four layer, product identification, authentication, anti-counterfeiting and track-and-trace system with a breakthrough physical part (SMark NanoLabel manufactured using our Integrated Customisation System) and a highly disruptive and decentralised secure network (Blockchain Framework) that is able to give a complete solution in B2B, B2C and B2G (B2ALL) relevance. Furthermore, SMark2.0 has an innovative business model, which is able to minimise the system installation costs, gives the opportunity for SMEs to use our scalable system as well.
In this proposal we present our current status (SMark1.0 pilot), our market experience and the corresponding action plan required to turn it into a commercial product (SMark2.0) with scalable production and business methods.
According to our business projection we will break even 2 years after commercialisation and realise a substantial Return on Investment (RoI) by the 3rd year.
Fields of science
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
1026 BUDAPEST
Hungary
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.