🪙Traceability and Origin Denomination Policy
We promote transparency and authenticity of the same.
PURPOSE
Blockchain technology has the potential to help address some of the major social and economic challenges worldwide, offering effective solutions to mitigate existing gaps that lead to issues in these areas of development. This could contribute to solving social, economic, and political problems more effectively.
SW® implements a blockchain-based platform to create digital certificates for traceability and origin denomination, which are transmitted along the supply chain of commodities. This compliance solution has been specifically designed to address the tracking needs in this supply chain
BUSINESS COMMITMENT
SW® aims to consolidate projects that are feasible, relevant, and beneficial for the public, contributing to improvements in social, economic, and political dynamics. To achieve this, it has implemented blockchain technology to establish general norms of coexistence within its digital ecosystem.
This provides extensive benefits to its customers and helps them understand their rights. These norms encompass information on how the service operates, the potential risks and benefits of using blockchain technology, system performance expectations, and the obligations of various system participants.
PRINCIPLES AND APPLICABLE BEST PRACTICES
The blockchain is an effective tool for optimizing the supply chain due to its unique characteristics based on the following principles:
Decentralization;
Traceability;
Origin denomination;
Immutability;
Technological transparency;
Security and legal and regulatory compliance.
By eliminating intermediaries and verifying operations by chain participants, blockchain technology offers reliability and transparency in processes. Moreover, traceability allows for visualizing all operations conducted over time, and immutability prevents fraud and product counterfeiting.
While identifying and managing the risks associated with blockchain technology, collaboration with internal teams is maintained to mitigate them effectively.
Finally, it is ensured that the digital ecosystem complies with applicable legal and regulatory considerations at both national and international levels
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