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Stockr00t

Simulate all purchase on earth to prevent Hoarding and Scalping

Stockr00t

Created At

ETHGlobal Taipei

Project Description

This project actively tokenizes all real world purchases and simulates all movement of products like Food, Electronics etc. The Problem it solves:

  • Current Traditional supply chain lacks Fair supply and transparency which makes it easy to scalp products on launch/production and sell it during price hike (This happens on all GPU launches, During Natural Disasters this causes improper supply)
  • Goods illegally transported to restricted regions can be identified
  • Government can't do anything about it because they can't identify the stock location

My Product creates a ERC-20 token for each batch produced with the maximum supply as the quantity and tokenizes and tracks its life once the product reaches its EOL the token is burned All Actions are stored onchain Production(Asset Created) -> Supplier -> Distributor -> Retailer -> Consumer(Asset Burnt) So this simulates a Virtual Supply chain of real world solving hunger and scarce of products

How it's Made

This project uses Rootstock Chain for its Bitcoin backed security to make all the transactions on chain. All the Real World Assets are created on RootStock as an ERC-20 Token To prevent Illegal Transfer of goods between countries and to prevent underage purchase of certain items we are using Self onchain proof All the events on the chain is monitored and the Assets created are monitored for Fraud/Bulk orders to prevent scalping

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