MakersMarks is a practical blockchain solution for product identification and ownership
MakersMarks is a decentralised application or dApp for idenitifying products. Using MakersMarks, anyone can create a secure cryptographic identifier that tells the end-user what the product is and where it came from. Identifier tokens can also be used to prove ownership of the product.
The MakersMarks system:
- Guarantees the authencity of products
- Provides product information to consumers
- Increases supply chain visibility and control
- Faciliates transfer of ownership between parties
MakersMarks’ key advantages over current solutions for Product ID are cryptographic security, transparency, decentralisation and an integrated trust system. MakersMarks breaks down financial, political, and regulatory barriers to product information accessibility. It empowers consumers to understand a product’s origins and make informed purchasing decisions. In turn, manufacturers benefit from improved relationships with their customers.
In the MakersMarks network, identity and trustworthiness are established with the MARKS token. This token underpins creators accounts and links their accounts to the product idenitifiers they create.
Trustworthiness is established by MARKS in 3 ways:
1. Reciprocated exchange of MARKS between creators
2. Holding MARKS tokens over time
MakersMarks is naturally resistant to spam, interference and fraud as it requires participants to demonstrate their commitment to the network. Creators verify each other through the holding and exchange of funds over time, which effectively disincentivizes improper use of the system without the oversight of any central or governing body. Creators will also be able to further prove their identities by linking proof of public domain assets to their accounts. Anyone using MakersMarks will know the information presented is verified by consensus not subject to any minority or outside influence.
All holders of MARKS have the ability to create product identifiers. These are secondary tokens which exist on a separate but linked blockchain using a technique known as sidechain bridging. This design allows for scalable transaction volume and low transaction latency.
Product Identifiers are ultimately represented as codes that can be attached to or integrated into products. The end user will be able to scan these codes to view information on the product, it’s history and its creator. Scanning the code can also register the user as the new owner of the product.
Our Whitepaper contains a more detailed explanation of how the system works.
First MARKS smart contracts
MARKS node setup
Identity creation logic
MARKS web wallet
Delegated Proof-of-Stake integration
MARKS pre-sale initiated
Max. 3% of total MARKS to be distributed Learn more
First MARKS smart contracts
Markers chain consensus
Initial side-chain bridging
Marker signing and redemption logic
Smart Contract and system verification
Chains interoperation contracts
Extra-chain data storage
MARKS-Markers token exchange
MakersMarks app for marking and identification
MARKS and Markers API
Private blockchains features
Ongoing support and development
We are committed makers, designers and developers from Sydney, Australia. We are doing this because we believe in the potential of decentralized systems to improve people’s lives, even if it is something as seemingly minor as being able to know who made your products, and where they have been. If you are interested in contributing to the MakersMarks project, check out our code on Github or get in contact with us.