🪙TRACEABILITY AND DENOMINATION OF ORIGIN POLICY

We promote transparency and authenticity in our products.

PURPOSE

Blockchain technology has the potential to help solve some of the world's major social and economic challenges by providing effective solutions to mitigate existing gaps that cause problems in these areas of development. This could contribute to solving social, economic, and political problems more effectively.

CCSCEX® implements a blockchain-based platform to create digital traceability and denomination of origin certificates that are transmitted throughout the commodity supply chain. This compliance solution has been specifically designed to address the tracking needs in this supply chain.

BUSINESS COMMITMENT

CCSCEX® seeks to consolidate feasible, relevant, and useful projects for citizens that help improve social, economic, and political dynamics.

To achieve this, it has implemented blockchain technology to establish general standards of coexistence within its digital ecosystem. This provides broad benefits to its clients and helps them understand their rights.

These standards include information on how the service works, the potential risks and benefits of using blockchain technology, the system's performance expectations, and the obligations of different system participants.

APPLICABLE PRINCIPLES AND BEST PRACTICES

The blockchain is an effective tool to optimize the supply chain thanks to its unique characteristics based on the following principles:

• Decentralization;

• Traceability;

• Denomination of origin;

• Immutability;

• Technological transparency;

• Security and legal and regulatory compliance.

Through the elimination of intermediaries and the verification of operations by the chain's participants, blockchain technology offers reliability and transparency in processes.

Additionally, traceability allows for visualizing all operations performed over time, and immutability prevents fraud and product counterfeiting. While the risks associated with blockchain technology are identified and managed, internal teams work together to effectively mitigate them.

Finally, it is ensured that the digital ecosystem complies with applicable legal and regulatory considerations at the national and international levels.

CCSCEX | CARACAS COMMODITY EXCHANGE 2023®©.

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