MakersMarks is a practical blockchain solution for product identification and ownership

About MakersMarks

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.

How it works

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

3. Proof-of-ownership

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.

chains setup

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.

Our Roadmap

Milestone 0: Project Initiation

9 February, 2017
0.1

First MARKS smart contracts

0.2

MARKS node setup

0.3

Identity creation logic

0.4

MARKS web wallet

0.5

Delegated Proof-of-Stake integration

0.6

MARKS pre-sale initiated
Max. 3% of total MARKS to be distributed Learn more

0.7

First MARKS smart contracts

Milestone 1: Marks Token Pre-Sale

23 August - 8 September, 2017
10% of tokens distributed

Milestone 1: Marks Token Sale (ICO)

23 November - 23 December, 2017
20% of tokens distributed
1.1

Markers chain consensus

1.2

Initial side-chain bridging

1.3

Marker signing and redemption logic

1.4

MARKER wallet

1.5

Smart Contract and system verification

Milestone 2: Markers Initiation

23 December - 10 February, 2018
30% more of tokens distributed
2.1

Chains interoperation contracts

2.2

Extra-chain data storage

2.3

MARKS-Markers token exchange

2.4

MakersMarks app for marking and identification

Milestone 3: Full System Live

10 March - 10 April, 2018
last 30% of tokens distributed
3.1

MARKS and Markers API

3.2

Private blockchains features

3.3

Enterprise app

3.4

Ongoing support and development

Our team

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.

Adam Travers

Lead Designer

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Sergey Bushnyak

Lead Developer

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Kimber Sykes

Strategy

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