Neoflow

Neoflow is a digital traceability platform launched in 2021 that focuses on tracking energy commodities like crude oil and natural gas across supply chains. The platform leverages blockchain technology and W3C standards including Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs) to create verifiable digital representations of energy products and their lifecycle events.

At its technical core, Neoflow implements a consortium blockchain architecture combined with emerging standards to enable secure data exchange between various stakeholders including producers, transporters, refineries, regulators and service providers. The platform uses the W3C-CCG Traceability Vocabulary for standardizing credentials and the W3C-CCG Traceability Interop profile for API specifications. Key features include:

• Digital passport creation for energy commodities
• Event tracking across the supply chain (compatible with GS1 EPCIS)
• Proof of origin and composition verification
• Real-time analytics and customizable dashboards

The project has gained significant traction through collaboration with the U.S. Department of Homeland Security and U.S. Customs and Border Protection. In 2023, Neoflow completed integration testing with 13 oil industry companies and received a Phase 4 contract from the DHS Science and Technology Directorate to continue development of its natural gas tracking capabilities. The platform is SOC 2 Type 2 certified and compliant with NIST standards, with planned production launch in December 2024.