Trace by Gate2Chain
Last updated
Last updated
PROJECT OVERVIEW
Product: Trace
Company Name: Gate2Chain (in partnership with IBM)
Website URL:
Industry: Supply Chain Traceability, Luxury Goods, Food & Fashion, Enterprise Data Integrity
Geographic Reach: Global (headquartered in London, development in Mallorca)
BSV Integration Start Date: 2022 (pre-launch phase)
BUSINESS CHALLENGE
Existing inefficiencies/risks:
Rampant counterfeiting and product theft
Lack of transparency in product sourcing and ownership
Inability to verify sustainability or ethical claims
Complex, siloed supply chains and inefficient record-keeping
Why traditional systems failed:
Centralized systems prone to data tampering or inaccessibility
High costs and limited scalability
No native mechanisms for immutable digital records or ownership verification
WHY BSV?
Ideal fit due to:
Massively scalable protocol (essential for millions of transactions/year)
Extremely low transaction fees enabling digital twin creation at scale
Public verifiability and legal compliance for enterprise trust
Data integrity and tokenization capabilities embedded into the platform
Comparison:
Gate2Chain explicitly chose BSV over other chains due to its stable protocol, no need for native tokens, and suitability for fiat use and enterprise integration
SOLUTION ARCHITECTURE
Platform: Trace, built on top of the Gate2Chain Suite
Key components:
Tokenization: Digital twins for any product (e.g., watches, garments, food ingredients)
Data logging: Blockchain-stamped records for ownership, origin, and sustainability credentials
Smart contracts: Used for tracking events, updates, and ownership changes
Partners:
IBM: Co-development partner; provided enterprise-grade integration, architecture design, and global reach
Studio Plus: Helped extend Trace to sports industry audiences
IMPLEMENTATION PROCESS
Rollout:
Initial pilots in luxury fashion (Cortana) and culinary events (Michelin-starred chef Óscar Buhí)
Demonstrated digital twin functionality at VIP Dining Experience in May 2023
Integration:
APIs for connecting to ERP and CRM systems
Wallet infrastructure and Metanet tree protocols for data organization
Stakeholder onboarding:
Businesses onboard via Storynvalue.com (SMEs) or Tracestamp.net (enterprises)
User-friendly dashboard for real-time monitoring and event logging
OUTCOMES & BUSINESS IMPACT
Quantifiable improvements:
Elimination of counterfeit-related revenue loss (e.g., securing $1.2M watches)
Increased consumer trust in ethical sourcing and sustainability
Streamlined compliance with emerging EU regulations (digital product passports)
Before vs After:
Manual documents and unverifiable records → Immutable blockchain certificates and real-time data sync
Stakeholder feedback:
Chef Óscar Buhí: “First time we’ve been able to prove the lineage of ingredients.”
Enterprises gain operational efficiencies and enhanced brand value
CHALLENGES & MITIGATIONS
Challenges:
Changing misconceptions about blockchain in enterprise
Integrating blockchain into legacy systems without disrupting workflows
BSV Mitigations:
BSV’s fiat compatibility and no native token model eliminated volatility concerns
Use of APIs and SDKs ensured seamless back-end integration
FUTURE VISION
Expansion:
Rollout to art, automotive, pharmaceutical, and real estate sectors
Cross-border traceability for global supply chains
Planned functionalities:
NFT tagging for premium collectibles
Micropayment support for pay-per-use scenarios or usage tracking
Broader adoption of digital product passports as regulation increases
TESTIMONIAL HIGHLIGHTS
"Trace brings certainty. Trace adds value."
– Jessica Jaume, Gate2Chain
“We believe solutions like Trace can drive trust and traceability across industries.”
– Dr. Agata Slater, IBM
“This is the first time we’ve been able to harness technology to showcase the lineage of ingredients.”
– Chef Óscar Buhí
“If that stolen watch had a digital twin, it would be impossible to resell. That’s the power of Trace.”
– Bart Olivares, CEO, Gate2Chain
