Preparing for the EU Deforestation Regulation: Using the Delay as a Business Advantage

What is Chain of Custody?

Chain of Custody (CoC) refers to the process of documenting and verifying the sequence of custody and control over materials and products within a supply chain.

In the context of supply chain traceability, CoC is crucial for ensuring transparency from origin through to the final consumer. This involves recording each transfer of material from one handler to another, including harvesting, processing, transportation, and distribution. 

For traceability companies, establishing a clear and auditable CoC is essential for certifying the authenticity of products, validating sustainability claims, and complying with legal and regulatory requirements. CoC serves as a backbone for systems aiming to ensure ethical sourcing, prevent counterfeiting, and support responsible environmental and social practices within supply chains.

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Proof of Authority

Proof of Authority (PoA) is a consensus mechanism used in secure digital ledger networks where transactions and block creation are validated by approved accounts, known as validators.

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Accountability

Accountability ensures that companies can verify the integrity of their supply chains, uphold compliance with environmental and social standards, and respond to any discrepancies or issues with honesty and corrective action.

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Deforestation Legislation

Deforestation Legislation encompasses the body of laws enacted by governments to control, limit, or entirely prevent deforestation globally.

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