Sofocle Technologies

Sofocle Technologies is an Indian startup that provides a wide range of blockchain solutions catering to the financial services, insurance and supply chain sectors. SofoChain, its supply chain solutions product, helps businesses securely and transparently track goods as they move from one node to the other in the supply chain. SofoChain creates digital passports of physical assets as they move from any participant in the supply chain to the next, such as from a manufacturer to the supplier. These goods are also assigned physical attributes such as colors and qualities. This makes it easy to monitor the condition of goods and ensure that any harm done is traced to a particular participant, and that goods whose quality has been compromised can be traced and recalled. Barcodes, RFIDs and serial numbers are the properties of goods used to assign digital identities to these goods.