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  1. Supply Chain

Trace by Gate2Chain

PreviousVineyard Vantage by SmartGrow AgriTech

Last updated 1 month ago

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

https://www.gate2chain.com/
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