Managing and verifying forest products in a value chain is often reliant on easily manipulated document or digital tracking methods – Chain of Custody Systems. We aim to create a new means of tracking timber by developing a tamper proof digital system based on Blockchain technology. Blockchain will be combined with new digital protocols for physical verification and authentication. Deliverables include online traceability system, and procedures for entering and verifying data inputs. Certification schemes and governments gain increased legitimacy from tamper-proof means to comply with timber trade requirements. Global companies gain from efficient traceability; society at large benefits from increased tax revenues, anti-corruption, and environmental benefits from sustainable forestry. We think this potential collaboration between government and industry can help simplify a variety of current due diligence processes, in this paper we focus on timber tracking.
[1]
Vitalik Buterin.
A NEXT GENERATION SMART CONTRACT & DECENTRALIZED APPLICATION PLATFORM
,
2015
.
[2]
Martin Elsman,et al.
Automated Execution of Financial Contracts on Blockchains
,
2017
.
[3]
Omri Ross,et al.
KYC Optimization Using Distributed Ledger Technology
,
2017,
Bus. Inf. Syst. Eng..
[4]
Christian Cachin,et al.
Architecture of the Hyperledger Blockchain Fabric
,
2016
.
[5]
Alison L. Hoare,et al.
Tackling Illegal Logging and the Related Trade: What Progress and Where Next?
,
2015
.
[6]
Omri Ross,et al.
KYC Optimization Using Distributed Ledger Technology
,
2017,
WI 2017.
[7]
R. Brown,et al.
Corda : An Introduction
,
2016
.
[8]
Hallex: A Trust-Less Exchange System for Digital Assets
,
2017
.