Press release from ACCIÓ, the agency for business competitiveness, of the Department of Economy of the Generalitat, highlighting the Blockchain developments carried out by Blocktac
Barcelona, Sep 27 (EFE).- The Terrassa (Barcelona) startup BlockTac has devised a type of digital seal that cannot be copied to certify the authenticity of documents, works of art, and consumer products to prevent counterfeiting.
ACCIÓ, the agency for business competitiveness of the Department of Economy of the Generalitat, has granted 75,000 euros to the startup, within the support line program for emerging technology companies that are in their initial stage.
The BlockTac digital seal uses ‘blockchain’ technology to encrypt documents and products. According to data from the Generalitat, 76 companies currently work with blockchain in Catalonia, 117% more than in 2018.
The CEO of the startup, Francisco J. Guillén, explained that “digital seals are tailored to each client, according to their needs, and we seek to make it a quick and easy solution so that it is available to small and medium-sized companies that do not have the resources of a multinational, but that also want to certify the authenticity of their products”.
Each product or document is identified with a code that cannot be forged, so that companies may protect their products and consumers verify the authenticity. “We want to make available to SMEs an anti-fraud system that allows them to connect with their customers, as large companies already have, and to guarantee the necessary rigor in the verification processes,” Guillén said.
The startup has also adapted its digital seal technology to carry out secure and auditable online voting, and also to certify safe spaces and the immunity of people in the context of COVID-19.
The company was founded in Terrassa in 2018 and is made up of a team of eight people.