What is Blockchain?
Imagine a 4 x 100m relay race. 4 runners, one baton. Each runner must hand over the baton to the next runner within the change over box and cross the finish line.
The baton is a timber consignment and the runners are timber producers, processors, exporters and importers. The areas within which they have to pass the baton are the rules that define ownership of the timber.
The blockchain is the race track and the officials.
We have developed a timber blockchain to track the movements of timber through the supply chain ensuring that the rules of ownership are respected.