Quantum Materials Corp Announces Anti-Counterfeit Focus with QDX Ledger Blockchain Platform

Quantum Materials Corp. said it is focused on addressing the $1.8 trillion (per Global Counterfeiting Outlook, 2018) global market in counterfeit goods by combining its nanotechnology with a recently acquired blockchain capability.

The company plans to introduce products that will enhance trust for global brands, manufacturers, suppliers and customers.

For its anti-counterfeit initiative, QMC will leverage its patent-pending QDX Ledger blockchain platform combined with its quantum dot production process.

QMC will initially license its technology to participants involved in the end-to-end supply chains of leading products, from manufacture to retail point of sale.

“We are immensely proud to have achieved an industry first by combining the capabilities of nanotechnology and blockchain,” said Stephen B. Squires, president and Chief Executive Officer of Quantum Materials Corp. “We believe that our patent-pending approach to bonding the physical and digital worlds will be a game-changer for all those that require product trust in their businesses. Our vision is to establish Quantum Materials’ combination of these transformative technologies as a globally deployed universal platform for all product authenticity and supply chain track and trace requirements.”

QMC’s proprietary QDX Quantum dots are lab-designed atomic crystals between 10 and 100 atoms in size and which are finely tunable to emit specific (un-copiable) color signatures. These signatures can be scanned via inexpensive hand-held devices, digitized and stored on QMC’s QDX Ledger blockchain.

QDX Quantum Dots can be incorporated into almost any physical product so that its authenticity can be verified, and its provenance tracked from point of manufacture through to sale to an end customer. Unlike existing approaches to establishing product identity, including QR code stickers and RFID tags, QDX Quantum Dots are tamper-proof, resistant to environmental extremes and low cost. They may be incorporated into products as diverse as auto parts, consumer electronics, apparel and luxury fashion accessories, industrial IoT devices, banknotes and even liquids, such as gasoline and lubricants.

QDX Ledger, which is based on technology acquired last month from Capstan Platform, Inc., provides an immutable, scalable and shared data store for consistent tracking and visibility among all participants in a product supply chain. The identity and access credentials of participants, be they individuals, corporations or machines is also secured on the platform, providing mechanisms to control and restrict the supply of products as might be required by regulatory mandates and socially conscious business practices.