Industry 4.0
“We must develop a comprehensive and globally shared view of how technology is affecting our lives and reshaping our economic, social, cultural, and human environments. There has never been a time of greater promise or greater peril.”
Klaus Schwab, Founder, and Executive Chairman, World Economic Forum
Value Chains become
Value Ecosystems
Verathread® facilitates IoT technology and connections, enabling industry-leading solutions to real-world business problems.
Verathread® drives verifiable, auditable, and automated workflows between collaborating parties, systems, and IoT devices for goods being moved around the globe.
Ecosystem of Trust
Azarc has formed a consortium through the UK Government-led initiative to deliver a Utility Trade Network. We can demonstrate a streamlined, simplified experience for importers & exporters by reducing the cost of trade with the UK.
Our Verathread® software provides the framework for government agencies to gain enhanced visibility, auditability, and optimized trade finance flows via cross-border data streams and processes, thereby establishing an "Ecosystem of Trust."
A Unique Approach to Trust
The approach to formulating trust has been working with Authorised Economic Operators (AEO) and accredited traders to establish a workflow that extends the trader's reputation from the country of origin into the UK. The solution accentuates the concept of AEO.
Verathread® establishes a standardized process for any trader whose AEO status may be unattainable due to expensive IT, lack of expertise, and management costs and builds a "Trusted Trader" reputation with the UK Government.