Predict your next investment

Block Odyssey company logo
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Security
blockodyssey.io

See what CB Insights has to offer

Founded Year

2018

Stage

Seed - II | Alive

Total Raised

$2.98M

Last Raised

$2.48M | 5 mos ago

About Block Odyssey

Block Odyssey is an enterprise blockchain enabler that develops SCANUS, an integrated logistics platform that can detect counterfeit goods by leveraging blockchain technology.

Block Odyssey Headquarter Location

Taeju Building 4F 6, Seolleung-ro 127-gil, Gangnam-gu

Seoul, 06099,

South Korea

+82-2-2088-6042

Latest Block Odyssey News

Korean startup Block Odyssey’s signature QR technology enhances blockchain security manifold

Mar 11, 2021

Korean startup Block Odyssey’s signature QR technology enhances blockchain security manifold The counterfeit and piracy market is rising at an alarming rate; from $1.7 trillion in 2015, it is estimated to reach $2.3 trillion by 2023. Companies and users across the world regularly purchase counterfeit and pirated products and perhaps no one is safe from it anymore. Which is why it is crucial to have fool-proof security that will guarantee products as well as data is safeguarded against being misused. Korean Block Odyssey is backed with strong blockchain technology which uses a digital signature embedded QR code technology. This will enable to user to track the logistics process from the beginning to the end. It is also creating an integrated logistics platform to prevent forgery and alteration and manage reliable logistics information. The promise of transparency Until now, the data on logistics and distribution information was managed by various stakeholders. This makes it difficult to share data reliably. With the digital signature facility, every stakeholder, including the customer, can see and monitor the stage of production or distribution the product is at. The transparency in the process will go a long way in discouraging and counterfeit/modulation of products. The activation is carried out in three steps – data tracking at the distribution stage, scanning algorithm according to area, and certified after purchase. Every time a step is added, the security becomes higher. Block Odyssey’s biggest strength is the fast transaction processing and external security based on private blockchain. The technology supports flexible node change by using PoET. A promising market for anti-counterfeiting products According to 2017 statistics, the global anti-counterfeiting market is $215 billion. With its world-class blockchain technology, Block Odyssey targets the Pharmacy, Cosmetics, Electronics/IT market which is the high demand markets for stopping counterfeit products. It has partnered with global leaders such as LG, AmorePacific and Guerbet to integrate its technology. The company aims to grow into an easy, secure and reliable data connectivity platform between the enterprise and consumer and hopes to achieve the sales targets of $16 million by 2021. Block Odyssey’s team will be attending the GITEX TECHNOLOGY WEEK to be held from October 6 to 10 in Dubai, supported by the Korea Institute of Startups & Entrepreneurship Development (KISED). The GITEX is the biggest tech show in Middle East, North Africa and South Asia that attracts many prominent leaders from global companies, major media outlets, and influential investors. What’s your thoughts?

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Block Odyssey

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Block Odyssey is included in 1 Expert Collection, including Blockchain.

B

Blockchain

2,920 items

Block Odyssey Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Block Odyssey Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.