In a world of counterfeit consumer goods, scams, fraud, and identity theft, it is becoming more challenging to establish B2B and B2C relationships based on trust.
100% organic ingredients. FDA approved. Not tested on animals. Made with green energy. We're all familiar with these commercial claims and promises, and we place our trust in our favorite brands --- but how can we verify that their claims are valid?
The proliferation of counterfeit consumer products is significant across a host of industries, particularly in post-industrial economies. American firms report losses of over $600 billion annually due to product fraud, while European companies lose around €60 billion.
Decentralized blockchain authentication helps prove the origin, authenticity, and integrity of any product or service via immutable digital records that can be accessed and independently verified from anywhere. Enterprise blockchain technology creates a cost-efficient framework for supply chain transparency.
Modulus offers an easy solution to add blockchain capabilities to any organization --- all without the need for hosting, managing cryptocurrencies, wallets, or cryptocurrency nodes.
With our secure blockchain-as-a-service offering, we make it easy for organizations to add data integrity and trust using the power of blockchain to support product verification, audits, compliance, marketing, and other initiatives. Build trust with your clients via Amazon, Shopify, eBay, Salesforce, Square, Woo, BigCommerce, Wix, IBM WebSphere Commerce and more.
Since 1997, Modulus has provided advanced technology products and services to clients including The NASDAQ Stock Market, J.P. Morgan Chase, Bank of America, Credit Suisse, Barclays Capital, Goldman Sachs, Merrill Lynch, Fidelity, TD Ameritrade, Devon Energy, IBM, Microsoft, Yahoo!, Google, Cisco, Adobe, Ford Motor Company, SAS Institute, Rutgers University, University of Chicago, MIT, Oak Ridge National Laboratory, NASA, and thousands of other corporate, educational, governmental, and non-profit institutions, throughout 94 countries. Our products and services reach millions of end users around the world.
Years of R&D has produced the most technologically profound blockchain-based authentication system, utilizing Modulus's patent-pending artificial intelligence technologies, which blend a mix of image recognition (convolutional neural networks) and other types of bio-inspired AI with blockchain technology.
Modulus enhances real-world usage for blockchain in the realm of verification. No longer is authentication solely based on a hashing algorithm that ably handles computer files and documents, but little else.
The Modulus Solution has upped the ante. Our technology competently handles files and documents, but it is also compatible with images, storing AI representations of those images into the blockchain for verification. With this, organizations can expand supply chain verification and audits, provide proof of existence and proof of origin beyond solely the time and date of a transaction document.
• A company registers with Modulus, providing proof that they own or provide a specific type of product, service, or document.
• Modulus performs KYC verification on the company to ensure their product or service is genuine.
• The company may optionally integrate our programming API endpoints to develop custom functionality.
• Modulus then issues a new QR code and custom holographic security seals (or digital certificates) for each item the company provides.
• The recipient then scans the QR code or clicks a link to verify the authenticity and tracking history of the product or service. The QR code links to data in a blockchain, which proves origin and authenticity, verified using our AI image recognition.
• Reduces refunds, eliminates chargebacks, and mitigates costly litigation.
• Allows consumers to verify, solely by scanning a code on their smartphone without using an app, that the merchandise in front of them is authentic.
• Provides corporations with additional capabilities to manage their supply chains and eliminate inefficiencies.
• Allows easy verification of negative COVID test results.
• Guarantees the authenticity of e-mails, websites, and legal documents.
• Verifies that a service was performed or that a product was delivered.
Hashing algorithms can prove that a document has was signed at a specific time.
Utilizing AI image recognition technologies, the Modulus Solution can verify that a document was signed by a specific person, at a particular time, in a specific place, or that a product was manufactured by a specific manufacturer and then shipped to various locations before being received by a customer.
The Modulus AI Blockchain Verification System is a hosted Blockchain-as-a-service offering. The AI-based image recognition system is hosted on custom hardware powered by IBM Power9 microprocessors. The system hosts our FPGA-based deep learning convolutional neural networks that perform image recognition in real-time before sending processed data to the Hyperledger blockchain.
Modulus has been testing the limits of technology for years, and we have built a reputation on it. Since 1997, we have designed and developed ultra-high-performance solutions for some of the biggest names in the financial industry, including JP Morgan Chase, Bank of America, Credit Suisse, and the NASDAQ Stock Exchange. Our technologies have been used by NASA space exploration teams, as well as by those across the healthcare, national security, and law enforcement sectors. No other company can match Modulus' engineering expertise in the design of cutting-edge systems which harness the latest technologies.
We use blockchain to prove that your product was manufactured or that your service was rendered, in a specific place, at a specific time, even by using a specific method. The Modulus Blockchain solution utilizes AI to verify the proof of origin, existence, and authenticity of any product or service. Data from our AI outputs are stored in a secure, immutable Hyperledger blockchain, which may be independently audited and verified at any time.
The Modulus Blockchain records immutable evidence with timestamps and AI-processed documents, images, video, and even audio, preventing unnecessary disputes. All evidence gets stored permanently inside an immutable blockchain, where the data can be reviewed at any time. Perfect for security applications, accident investigations, product delivery verification, service completion verification, and more.
Consumers face an increasing trend in online consumer fraud relating to counterfeit, knock-off items that are marketed as genuine products via Amazon, Shopify, eBay, and other e-commerce sites. Counterfeit items often include clothing, personal accessories, vitamins, and nutritional products, pharmaceuticals, personal protection equipment (PPE), medical equipment, and more. Blockchain entries may be used to prove the authenticity of any product or service through the use of blockchain. The Modulus Blockchain solution uses AI to analyze images, video, and audio, storing encrypted data in a secure, immutable Hyperledger blockchain, which may be independently audited and verified at any time.
Neutral arbitrators are useful whenever two or more parties need to collaborate, negotiate, or transact business. Arbitration is inherently a centralized process, and the process can only be trusted insomuch as the arbitrator(s) are known to be trustworthy. Blockchain, on the other hand, provides an incorruptible source of truth without the need for any arbitrator. Records stored in a blockchain are immutable and can be relied upon as the truth. Using blockchain, any number of parties may collaborate, negotiate, or transact business without reliance on a potentially untrustworthy arbitrator.