A transparent, accountable timber supply chain solution to drastically cut down the $15B USD lost annually by the legal, global timber industry.
The World Bank estimates that globally 15 – 30% of timber is harvested and exported illegally. Complex, international supply chains make it almost impossible for businesses, individuals, and governments to know whether their wood has been sourced in compliance with local regulations.
iov42 provides a system that promotes transparency and accountability along the supply chain, ensures regulatory compliance, and improves supply chain integrity. This minimizes the risk of arbitrary and baseless felling decisions and will instead promote data-driven decision-making and provides a transparent audit trail of actions.