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About iov42
September 24, 2024
September 19, 2024

Interu: Your Traceability Pathfinder - How are we different?

What is Interu? How does it work? How are we different to other traceability solutions? This blog reveals all. We are here to help you reach EUDR compliance - and beyond.

Interu traceability

In a world where global challenges such as climate change, geopolitical disruption, and human rights abuses are constantly evolving, traceability within supply chains is no longer an option. That is where Interu, a groundbreaking traceability solution built on iov42’s advanced technology that brings integrity, accountability and authenticity to the forefront is paramount for your company’s operations.

What is Interu?

In 2020, we launched Timber Chain, a traceability solution to help timber importers meet the demands of the EU Timber Regulation (EUTR). Based on these learnings, we have since purpose built Interu, to support those affected by incoming regulations such as the EU Deforestation Regulation (EUDR). This is the result of years of collaborating across various industries, particularly those handling high-risk commodities to enhance supply chain traceability.

Interu not only helps organisations reach compliance, it also improves operational efficiency, reduces costs and opens up new market opportunities.

How Does it Work?

Interu simplifies the process of data management and traceability, enabling organisations to securely collect, organise, analyse and share information across complex supply chains. For example: 

For those using Interu needing to share data:

  1. Data Collection: Interu provides an easy-to-use web application that allows you to seamlessly gather data from multiple sources. Data input is facilitated in a number of ways - from manual input by suppliers, to bulk upload, to integrations with ERP systems via API. Connectivity to public data sources (such as corruption indices and certification databases) can add to the integrity of claims made about products. 
  2. Organising Information: It helps with consistent data structure and organisation, making it easier for users to assess risks and verify claims. This approach not only saves time but also enhances your market access and competitive advantage - you can support your own, as well as your customers’ due diligence processes.
  3. Securely Sharing: Interu ensures secure sharing of information between stakeholders - suppliers, customers, auditors, customs. Leveraging iov42's unique permission-based technology, it grants access only to authorised users, making sure that data remains private and only relevant information is visible.

For those using Interu to verify data:

  1. Validating Your Data: Built on iov42's core technology, Interu enables users to validate the authenticity of data and verify it with third parties. This promotes trust across supply networks and enhances confidence in due diligence.
  2. Actionable Insights: With a clear overview of supply networks and related data, you can identify compliance steps, track missing data, complete risk assessments, and mitigate risks effectively.

What Does Interu Do Differently?

Interu is distinct in its ability to harness the power of iov42’s Distributed Ledger Technology (DLT). This cutting-edge technology allows stakeholders across complex supply chains to securely share data with confidence that it hasn’t been tampered with, offering clarity through proven and trusted data sets.

This technology facilitates and verifies transactions, enhancing trust between participants in a scalable and efficient way. Our model integrates strong digital identities, asset representation, and data security, building robust links that introduce trust into both digital and physical interactions between organisations. 

Unlike traditional traceability solutions, Interu also offers:

  • Customisation: We believe every business is unique so we have made our platform flexible to your needs so you don’t need to go down the expensive route of building your own, nor do you need to be limited to a generic offer. 
  • Use of AI: AI should be seen as your co-pilot, not as a replacement for human judgement. That is why we are introducing AI to help you translate and classify documents and reduce duplicates and not fully automate your EUDR commitments. We see this being incredibly risky when it comes to submitting a due diligence statement, it still needs to be approved by the person responsible - AI won’t be the one paying the fine.
  • Enhanced privacy: We want to encourage positive global trade where no part of the supply chain has to risk revealing commercially sensitive information. That is why we have introduced a redaction tool which makes it possible to only reveal certain parts of your documentation that is needed for compliance, whilst hiding the rest. It is also possible through our permissioned approach to ensure only those that need to see the information have access - vs it being publicly available. 
  • Integration: Interu supports compliance with evolving regulations, such as the EUDR, and business needs. It does this through its ability to integrate with a variety of systems, including the EU Traces system and geolocation satellite analysis company, Orbify.
  • Sharing: Sharing information between supply chain participants has long relied on individual systems like software or spreadsheets, where suppliers complete and return forms. We've reimagined this by equipping suppliers with better tools to drive adoption. With EUDR requirements, providing necessary information efficiently will become crucial, offering a competitive advantage for operators who do it well.

Conclusion

In a landscape where transparency, authenticity and accountability are increasingly necessary to tackle global challenges, Interu introduces decentralisation to traditionally siloed sectors and offers a solution that simplifies supply chain complexity. Interu empowers organisations to securely collect, prove, and share information without compromising privacy, fostering trust across all levels of the supply chain.

With Interu, you’re not just meeting compliance requirements—you’re positioning your organisation at the forefront of ethical, efficient, and future-ready supply chain management.

Explore Interu today and take a confident step towards a more transparent and accountable future.

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