RENO, USA – June 29, 2020 — GoChain, a leading provider of distributed ledger technology for supply chains and creator of the GoChain enterprise-grade public blockchain network, today announced it has added Shape Matrix’s innovative neural network-based digital ID and physical tagging and scanning authentication and anti-counterfeiting tagging solution, to its GoTrace sensor and tagging partner network. “GoTrace is committed to building innovative solutions that leverage a rich ecosystem of partners to provide transparency and trust to supply chains. Accordingly, we are pleased to announce the inclusion of Shape Matrix as one of our trusted partners on the GoTrace platform. Shape Matrix’s innovative geometric shapes or Shapetags, used in combination with GoChain’s blockchain and GoTrace platform, will prove to be especially valuable for customers seeking to track, trace and authenticate unique or high value items globally.” -GoChain CEO Henry Ines The patented Shape Matrix system uses geometric shapes to generate an inexhaustible number of visually appealing 2D and 3D tags, called Shapetags. GoTrace is the first service of its kind to offer an end-to-end enterprise-grade public blockchain network that includes AI-fueled Shapetags. With the inclusion of Shape Matrix, GoTrace customers can utilize Shape Matrix’s unique Shapetags for securing, identifying, serializing, and authenticating both physical and digital objects. The native integration ensures that GoTrace customers will be able to easily track and trace very small items as well as those made of difficult-to-track materials like wood and liquids. In addition to Shape Matrix, GoTrace’s other initial tag and trace technology partners include Gentag, a global leader in ultra-lightweight wearable NFC smart skin patches, biomarkers and sensors for health and other applications, including point-of-care testing for Covid-19; and Two Hands, creators of proprietary Tags which allow consumers to scan and review the entire history of their food from source to place. “Shape Matrix developed Shapetags with enterprise blockchain applications in mind. A key for organizations to provide transparency and trust is to tag every item regardless of size or material and then to provide easy verification at every step in the item’s lifecycle. Shape Matrix’s inexhaustible number of Shapetags are easy to apply while the machine learning algorithms and artificial intelligence models make secure, trusted decoding a breeze. The combination of GoChain’s distributed ledger with Shape Matrix’s item-level tagging solution makes it easy for organizations to commit to truth as a competitive advantage.” – Shape Matrix CEO Michael Lazerow About Shape Matrix Shape Matrix is committed to helping organizations harness the power of truth as a competitive advantage to build trusted and fast-growing enterprises. The Shape Matrix system uses geometric shapes to generate an inexhaustible number of visually appealing 2D and 3D marks – Shapetags – that serve as secure, serialized, hard-to-clone identifiers for physical and digital objects. Shapetags are easily recognized by the human eye, quickly authenticated with off-the-shelf mobile devices and impossible to decode without authorized access. Shapetags can be applied to tiny items as well as those made of difficult-to-track materials like wood and liquids. Shape Matrix technology provides organizations with the traceability solution needed to secure its assets, supply chain and data. The Shape Matrix system was created by Shape Operating System Industries, Inc., a Brooklyn-based innovation lab backed by IA Ventures, Lerer Hippeau Ventures, Greycroft, Slow Ventures, Bloomberg Beta, Box Group, GGV Capital, Traverse Capital and others. For more information, visit http://www.shapematrix.com. About GoTrace GoTrace is a turnkey blockchain-based Software-as-a-Service (SaaS) track and trace platform. Through intuitive web- and mobile -based applications, users can map out supply chains to track and trace products and record chain-of-custody and other transactional related metadata on GoChain’s public distributed ledger (blockchain). Every event, whether a geolocation ping or a transfer from one stakeholder to another, is recorded cryptographically as a transaction and able to be easily audited on GoChain’s immutable public blockchain. GoTrace also provides customers with analytics, machine learning, reporting and timely alert functionalities. A curated list of tagging and sensor solution partners is also offered on the GoTrace platform to accommodate customers and support the track and trace of a broad range of products globally. Products that are blockchain authenticated and end-to-end traced via GoTrace will be designated as GO Transparency Verified. For more information, visit https://gochain.io/gotrace/ About GoChain GoChain was founded in 2017 with the mission to drive the adoption of blockchain technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. Additionally, GoChain developed its own Ethereum-compatible distributed ledger which, at 1,300 transactions per second, is the fastest, most sustainable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits including Lenovo, DISH Network, and Conservation International to validate transactions GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO. For more information, visit gochain.io or follow GoChain on LinkedIn, Twitter, and Facebook. Contact Information: GoChain Marie Gonzalez, SVP, Marketing [email protected]
