SUKU is a blockchain-based ecosystem that aims to make supply chains more transparent, efficient and accessible by providing supply chain platforms as a service to businesses and consumers. use. With the goal of strengthening supply chains across industries, the SUKU platform uses an open, on-demand software delivery model that includes applications and services used and integrated by SUKU trading partners. available with SUKU technology partners.

SUKU Ecosystem

The SUKU ecosystem includes the following components:

SUKU Platform: Capabilities, services, and features that enable trading partners to transact with each other and use applications built by technology partners

Token SUKU: ERC-20 compatible tokens are used by commercial partners and technology partners in SUKU Ecosystem.

Trading partner: Users of SUKU Platform interact and transact on the platform as supply chain participants.

Technology partners: Organizations or individual developers that create applications or provide services on the SUKU Core Layer to users, such as commercial partners.

What is SUKU token?

The SUKU ecosystem uses an ERC-20 compatible token called the SUKU token. Both trading partners and technology partners use tokens in the SUKU ecosystem. The SUKU token has the following uses within the platform:

Administration: The SUKU token allows voting rights. For example, one of the voting opportunities might be to vote on proposals for SUKU Core Class improvements.

Transaction fee: For specific transactions where the SUKU Core Layer is used, a fee is collected between the operator’s SUKU Core Token Reserve and the SUKU node. In addition, technology partners can also design applications or services that earn SUKU tokens.

Rewards/Promotions: SUKU tokens are rewarded to platform users. For example, after joining SUKU Platform, users get SUKU token rewards for creating their wallets with SUKU tokens to interact on SUKU Platform.

Uses

• Transparency of meat products of Cencosud – company with revenue of $ 14 billion

They have partnered with Cencosud – the third largest retailer listed in Latin America with over 1100 stores, 130,000 employees and $14 billion in annual sales in 2018.

• Provide a unique, interactive product experience.

The SUKU scanner allows brands to present users with unique product experiences that leverage 3D and augmented reality. While shopping, users tap a smart card attached to SUKU-enabled products, which automatically redirects them to the product experience website.

• Transparency in the livestock industry thanks to blockchain.

SUKU partnered with Pukka – an app-based company that helps breeders create a more accurate and transparent buying experience for consumers, while eliminating fraudulent information in the livestock industry.

• Smarter experiments, better decisions, safer world

The SUKU COVID solution enables organizations to provide real-time, authentic, immutable, confidential and real-time data sources from test results. It helps validate real testing and issue immunity certification, allowing individuals to return to work.

• Reinventing original luxury goods on the secondary market

The SUKU scanner gives secondary marketplaces like eBay, StockX, Goat and StadiumGoods the opportunity to generate more revenue streams, increase reach and consumer engagement, and increase product supply. Products.

Development team

Yonathan Lapchik, CEO

Yonathan is a blockchain expert with a solid business and technology background. He has over 12 years of experience helping Fortune 500 clients with digital transformation, mergers and acquisitions, technology strategy and product implementation while working for TATA Consultancy Services and Deloitte. Yonathan holds a Master of Business Administration from Duke University, Fuqua School of Business (Strategic Concentration) and a Bachelor of Engineering in Computer Science from ORT University Uruguay.

Addison McKenzie, Co-Founder & President

Addison is a seasoned entrepreneur with over 20 years of experience in starting and growing businesses across a variety of industries. While studying for a degree in mechanical engineering in Vermont, he founded a family-sized company that has grown significantly in a short time. Addison then founded a software company whose team built SaaS products for sales and marketing organizations. These back-office solutions have transformed the organizations where they are deployed, resulting in tens of millions of dollars in revenue growth. Addison created the foundational concept behind SUKU.

Shannon Coble, Co-Founder & Executive Director

Shannon has over 12 years of experience in business strategy development, business process improvement, supply chain management, and analytics. After six years of service in the United States Air Force, she worked in the Strategy and Operations Department at Deloitte Consulting, where Shannon advised federal clients on operational improvements and strategy shaping. business process. Shannon also works in finance at Wells Fargo Advisors, where she focuses on building high-level relationships with business partners.

Conclude

SUKU is a blockchain-based solution that bridges the gap between brand- and brand-interested consumers by providing a means of verifying the history and authenticity of a product. SUKU does this by providing consumers with access to transparent, verified products and giving companies the ability to connect with these types of consumers. The SUKU token promotes and encourages certain behaviors to create common interests for all participants in SUKU Ecosystem. These forms of utility include consumer participation, platform growth/governance, node activity, and transaction fees.

According to AZCoin News

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