Blockchain based Global Platform for the Wood Market (NODE)
Almost any civilization in the history of human beings has been built on timber. For example, if it wasn’t for timber, humanity could not have crossed the oceans. Energy, construction, biospheres, as you already know, are all liked to wood. The global wood sector is massive in which many people profiting from it. Wherever there is big money involved, corruption, exploitation and illegal activities will be part of the equation. It is no exception for the timber market. Illegal logging and related timber trade is a major driver of deforestation, a factor of government revenue loses in developing countries, and a threat to good governance.
Blockchain based Global Platform for the Wood Market(NODE) introduces blockchain technology as a way to electronically trace timber as it travels from the forest to final product, using an infotracing system based on open source and Radio Frequency Identification(RFID) technology that retains records in a secure, decentralised, distributed ledger.