Verofax is an international company offering a new standard of serialization and traceability to drive certainty in procurement, supplier screening, and increasing staff productivity. The company was established in 2019 and has offices in the Middle East, Asia, Africa, and the West. The service of the company is of critical business value across sectors: B2G - Authorities wanting to improve their revenue and Excise Tax collection rate, B2B - Manufacturers plagued by counterfeit and wanting to improve consumer engagement and B2C- Free service to research product sustainability credentials and support committed brands.

Verofax, since its inception in 2019 has been a global leader in blockchain, providing blockchain solutions to Hundreds of Enterprises, developers, and public sectors. Committed to the success of its customers, Verofax provides reliable and robust blockchain solutions. Verofax provides a wide range of solutions to support any size business, allowing businesses to utilize blockchain technology to further enhance brand perception and value as well as to expand into new business models.

The company has been successfully involved in the digital transformation of its clients’ companies by implementing its traceability service, putting trust and accountability back into the supply chain. Increased access to trade finance and global markets can help boost the economy and enhance its clients’ brand. Powered by Ant Group and its blockchain solution AntChain, Verofax is fully integrated into the Alibaba ecosystem and provides access to wide SME banking and financing network.

AntChain’s Traceability as a Service (TaaS) provides a traceability solution to benefit all stakeholders in the supply chain. Using IoT tech in a safe and secure method on the blockchain, TaaS brings efficiency and trust into the supply chain by providing end-to-end transparency of information. The features of TAAS include Blockchain Enabling - Blockchain allows supply chain information to be recorded and verified for stakeholders. Aspects of the blockchain network can be reviewed through the ‘explore’ feature, Unique Product ID - a unique product id is created and supported by a range of IoT tagging techs such as QR codes and NFC tags for different regulatory requirements a ‘digital twin’ is also created for the product to be digitally traced throughout its lifecycle, and much more.