Hi! The idea is interesting but how does it work and how does blockchain implemented?
Do you plan to have database for the all goods in the world? )
Who will support and update this database?
Do you plan to put all this data to blockchain?
Or you have centralized database of goods and blockchain is used only for token TXs to rewards users and to track their activity?
Thanks for the questions. See answers below.
The idea is interesting but how does it work and how does blockchain implemented?The Shping Platform is powered by Ethereum smart contracts, and manages product traceability on the back of hyperledger and GS1 standards. Shping combines the GS1 EPCIS standards (
https://www.gs1.org/epcis) with powerful blockchain technology. Shping has also partnered with Everledger to help create a private blockchain based on the Hyperledger Fabric (
https://www.hyperledger.org) to play the role of a register for EPCIS events, allowing information to be exchanged quickly and securely such as the serialization of products, items movement through the supply chain, sales, and product recall alerts. All brands, distributors and retailers can become a member of this network, start their nodes and use EPC Codechain.
Shping’s blockchain integration agent will provide blockchain information to consumers and third parties via EPCIS SOAP service.
Do you plan to have database for the all goods in the world? We really hope we reach that point, but we are also realistic about the challenges ahead - while most products you see in a supermarket for instance would use industry standards, there are many products that do not. Our partnership with GS1 (the organisation responsible for issuing serialisation standards and product barcodes around the world) will enable access to data to the majority of products. We will also reward users who find and enter the details of products that are not on the database, ensuring that it's constantly growing. At this stage, we have over 30 million products on our database.
Who will support and update this database?Shping has a number of partner, client and crowdsourced data sources that feed into its Global Product Database. This comes from GS1 local members (as mentioned), partners (e.g Everledger - for diamonds and high value assets on their ledger) certification authorities (e.g Australian Certified Organic, Asure Quality), data from product recall portals around the globe (e.g OECD), government data (e.g World Customs Organization), data from brands (e.g marketing material) and their supply chain (e.g provenance info, chain of ownership data, shipping and consignment details, raw materials handling), and finally - from the users themselves who can contribute information like reviews, amendments and survey information to help improve the information. Shping has a dedicated team around the world to validate data supplied by crowdsource.
We cover this detail in our Whitepaper if you're interested to read more, see Pages 22-27
https://tokensale.shping.com/assets/shping_coin_whitepaper.pdfDo you plan to put all this data to blockchain? Or you have centralized database of goods and blockchain is used only for token TXs to rewards users and to track their activity?
Please see answers to your first question. To add to this, while our mission is to provide smarter, safer and more rewarding shopping experiences for all, we are respectful of partners and clients who do not wish to have sensitive information posted onto public blockchains. This is why we're operating both a private and public blockchain to offer some flexibility.
Hope that helps!
TEAM SHPING