About the Platform

Skuchain provides an innovative blockchain-based platform designed to enhance inventory financing and control. By enabling the conversion of inventory into easily tradable digital assets, the platform streamlines supply chain processes. This brings transparency, efficiency, and flexibility to complex supply chains, ultimately reducing costs and improving cash flow.

The Problem

Companies often face challenges when managing and financing their inventory, particularly when it's held under complex agreements like buy-back guarantees or take-or-pay agreements. While this inventory can be an attractive asset for third-party financiers and traders, the processes involved in discovering, verifying provenance, purchasing, and transferring ownership introduce significant friction, making such transactions complex and feasible only in limited scenarios.

The Solution

Skuchain's platform addresses these challenges by tokenizing physical goods into digital assets on a blockchain. These digital assets provide attestable information and a clear provenance trail, creating an accessible and trusted environment for financiers, traders, and other stakeholders providing liquidity and working capital. By ensuring transparency and trust, the platform helps companies better manage supply chain risks, optimize inventory levels, and create new opportunities for financing and trade.

This solution benefits suppliers by improving their working capital, empowers buyers with better inventory control, and provides financiers with new investment opportunities.

Key Components

• Token Types

  Skuchain enables businesses to tokenize their SKUs on the blockchain through various Token Types utilizing Ethereum-based token management contracts. These support both Mintable and Wrappable tokens by allowing businesses to issue new tokens or create them through wrapping existing tokens at predefined ratios. In addition to tokenization, features such as attachment addition via Content Identifiers (CID) and secure interactions with ERC-1155 Token Ledger, ensure compatibility and protection during token operations. These token types support flexible, secure token transactions and are ideal for businesses needing to manage complex digital assets and their relationships on the blockchain.

• Token Ledgers

  Token Ledgers are ERC-1155 compliant contracts that facilitate centralized management of multiple tokens associated with various token types. ERC-1155 compliant and receivers of ERC-20 tokens, these token ledger enable fine-grained control over bundled assets, providing features such as token deposits, exchanges, and transfers. Configured in two modes: Regular (where both the owner and depositors can manage tokens) or Locked (restricting token management to the owner), token ledgers are crucial for scenarios requiring aggregated token management, such as marketplace listings, and offer enhanced security and flexibility in token handling.

Token types and token ledgers provide unique identifiers and flexible management for tokenized, trade assets across a variety of use cases.