Autify Network

Autify Network, founded in 2021 by Nabarun Chakraborty, is a Singapore-based company that has carved out a niche in enhancing supply chain operations through blockchain and artificial intelligence. The company's core mission is to establish a trust protocol that brings a high degree of transparency to global supply chains, addressing critical issues like counterfeiting and the need for ethical and sustainable sourcing.

The firm offers a blockchain-powered platform designed to tokenize real-world assets, with a particular focus on environmental commodities. Its services cater to brands, recyclers, and government bodies, enabling them to track, verify, and trade their climate impact assets such as Extended Producer Responsibility (EPR) credits, plastic credits, and carbon offsets in a transparent, on-chain environment. Initially targeting the e-commerce and luxury fashion sectors to combat counterfeit goods, Autify Network has since expanded its scope to include pharmaceuticals and other industries requiring stringent verification and traceability. The platform provides a tamper-proof record of a product's journey, from raw materials to the end consumer, utilizing advanced recognition techniques built with AI and computer vision to uniquely identify physical objects.

Financially, Autify Network has secured approximately $2 million in total funding over several rounds, including pre-seed and seed investments. Key funding events include a $1.5 million pre-seed round in September 2022 led by Loup Funds (erroneously cited as Loop Ventures in some reports). The company has also received grants and investments from notable entities in the blockchain space such as the NEAR Foundation, Filecoin Foundation, Ava Labs, and the Stellar Development Foundation. These funds have been directed towards talent acquisition in blockchain and AI, product development, and its beta launch.

The company is actively engaged in pilot projects with international companies and has demonstrated significant traction on its test network. By providing a single source of truth, Autify Network helps businesses reduce inefficiencies, enhance profitability, and adhere to environmental and ethical standards, ultimately aiming to fix the broken layer of trust in global commerce.

Keywords: supply chain management, blockchain technology, artificial intelligence, traceability, anti-counterfeiting, real-world asset tokenization, environmental credits, EPR compliance, carbon offsets, luxury goods, pharmaceutical traceability, sustainable sourcing, decentralized platform, Nabarun Chakraborty, Singapore startup, supply chain transparency, product authenticity, vendor aggregation, circular economy, climate infrastructure