VeriTX

VeriTX is a trusted marketplace for digital assets utilizing a platform-based business model to enable the aerospace digital supply chains of Industry 4.0. The enabling technologies are 3D Printing and Blockchain Provenance. By fusing technologies, VeriTX will enable production to move beyond the traditional four walls of a factory to a distribute network. VeriTX will push the conversion of bits to atoms to the point of consumption and drives the nonvalue-added costs out of supply chains…packaging, shipping, warehousing, inventory management, customs fees. Additionally, VeriTX will enable rapid forensics in the event of a part malfunction or failure. VeriTX also will leverage blockchain smart contracts and hashing for data and process integrity. In markets where the risk of counterfeit parts negatively impacting supply chains is high, VeriTX will provide attestation of part integrity. VeriTX will unlock the 4th Modality of Logistics…Land, Air, Sea and now Digital! Industry 4.0 and advanced manufacturing technology is changing how businesses interact. Margin pressures are driving traditional industrial companies to enter digital markets where cost of goods sold are minimized and operating margins are higher. Airlines are focused on “Up-Time” and VeriTX will enable airlines to increase up-time and reduce costs. VeriTX’s initial market application is the aerospace vertical with medical & industrial following. VeriTX’s business model is intended to have revenue streams from buying/selling of digital assets; buying/selling of physical parts; Blockchain based maintenance/lease records subscription service (under development). The VeriTX team is made up of industry experts in aerospace, supply chain, cloud and IOT, Blockchain, and business ops.