Libellum is transforming the Supply Chain Industry with Blockchain technology. The platform seeks to verify suppliers in a click.
What Is Libellum?
Libellum anchors its operations on the fact that the world of e-commerce is growing rapidly and steadily. As such, there is a need for verified suppliers from China and any other part of the world. This follows the increasing cases of scams from illegitimate suppliers especially where new and inexperienced buyers are involved.
Libellum’s main goal is to connect buyers, suppliers, and any other third party involved through their platform on the blockchain.
How Libellum Blockchain Supply Chain Verification Platform Works
Libellum is secured by the Blockchain technology. It’s the world’s most innovative platform for supplier verification, which aims to certify products, test, and verify their compliance. The implementation of the Blockchain technology will make it safe and secure to work with suppliers.
Once a user gains access to the Libellum community, he or she can manage everything from a single platform. Information regarding supplier data or certification will be available on the platform, making it easy for global buyers to import or export goods.
In the second quarter of 2019, Libellum will launch its Minimum Viable Product (MVP) to reveal the platform to their worldwide network of suppliers, testing companies, manufacturers, and buying offices. The proposed MVP will bear the following features:
- Verified customer database
- Libellum wallet integration
- Buyer data secured by blockchain
- E-commerce API integration
- Product certification validation through their L-D system
Libellum Building Partnerships
Libellum seeks to establish workable collaboration with third party testing and sourcing companies. The present method used to track certifications is bureaucratic and complicated. Companies engaged in testing often handle large amounts of information from thousands of manufacturers and certifications. Additionally, smaller companies engaged in testing and certification do not apply efficient systems and often depend on outdated infrastructure.
For instance, currently, buyers have to go through a longer process of verification, either by calling the testing company or by logging into the testing company database to enter the certification number and supplier details.
The Libellum Solution
Libellum comes with a lasting solution to the problem. They seek to simplify the process greatly by giving each certificate a unique main identification number. Similarly, each supplier will acquire a unique QR code or hash address for the testing companies. Once implemented, the interested parties can simply scan the QR code through the Libellum app to get all the supplier information.
The Libellum platform embraces the following features:
- Easily verify suppliers
- Product classification and integration
- Secure blockchain technology
- E-commerce API integration
- Information secured by digital ID
- A secure, global system
Libellum LIB Token & ICO Details
The accepted currency on the platform is the LIB token, which operates on the Ethereum ERC-20 standard. It’s compatible with third party service wallets and exchanges, thereby providing an easy-to-use integration. The token sale starts in about 16 days from the time of writing. Interested parties can join the white list.
Parameters Of The ICO
- Token Symbol: LIB
- Token Sale Date: 09/01/18 – 09/30/18
- Token Price: 1 ETH = 5250 LIB
- Accepted Payment Method: Ethereum
- Total Supply: 100,000,000 LIB
- Token Standard: ERC20
- Hard Cap: $500,000
Importantly, the team behind Libellum comprises experts with collective experience of more than 17 years, working with manufacturers in China and globally. They have covered various fields including Finance, Software, and IT development.