Founder Wang Pengfei: TAC traceability chain expects professional audit institutions to appear soon

"Many projects are looking for hammers with nails, but the TAC traceability chain is about finding nails with a hammer. Projects with industrial experience are more likely to succeed," said Wang Pengfei, founder of TAC Traceability Chain.  (Tong Pengfei, founder of TAC Traceability Chain) In Wang Pengfei's view, the TAC Traceability Chain differs from many blockchain projects that were born technically and then sought out applications in specific industries. Instead, TAC was built on industry experience—eight years of anti-counterfeiting and traceability expertise have given the team a wealth of resources and project knowledge. "The TAC project is essentially driving industrial upgrades. The past eight years have provided strong support for our current development," he explained. All traditional anti-counterfeiting systems will eventually be replaced, according to Wang. He believes that this shift is inevitable, not only reducing costs but also significantly increasing consumer trust. TAC aims to meet global traceability needs through a platform model, helping more companies benefit from blockchain technology. The popular "orange chain" during the Spring Festival is an example of how anti-counterfeiting traceability works in real life. It shows that blockchain is becoming part of daily life, which means people are beginning to recognize the value of brands like COFCO. Good projects should focus on customer and consumer interests rather than just chasing the hype of the blockchain trend. March 15th is a time to reinvigorate anti-counterfeiting efforts and protect consumer rights. Both project teams and brand owners should collaborate with consumers to improve the effectiveness of anti-counterfeiting systems. Many blockchain projects have raised funds, but self-regulation, transparency, and technological progress are essential for long-term success. "The TAC Traceability Chain will keep the public informed through weekly project reports, maintaining a responsible attitude toward its development. Some project leaders invest and then disappear after raising funds, which does not align with industry standards," Wang noted. Focus and penetration in industries with resource advantages Blockchain startups like Everledger have made waves in the news. Many teams choose to focus on a specific niche early on, and TAC Traceability Chain understands the importance of having a clear direction. Wang Pengfei stated, "With our extensive industry experience, we can create a clustering effect and gain a solid foothold in areas where we have competitive advantages." In 2018, TAC chose the food and pharmaceutical sectors as its primary focus. The company plans to expand from domestic markets to international ones, targeting regions like Southeast Asia, Japan, and South Korea. Eventually, users in Europe and North America will also see the TAC platform. A product that truly drives itself must attract customers and consumers. While many big brands have developed their own anti-counterfeiting systems, they often fail to gain consumer trust. Blockchain in traceability and anti-counterfeiting has gained industry consensus, allowing brands to build consumer trust and better develop the market. Technology, chain, and internationalization coexist Launched in May 2017, the TAC Traceability Chain has faced both opportunities and challenges. "We face challenges in technology, chain integration, and internationalization," Wang admitted. From a technical perspective, while there are many public chains, few meet the commercial needs of the traceability field. Ethereum’s slow transaction speed and high fees have become bottlenecks. TAC has partnered with Paper Guizhi Technology to develop a blockchain + anti-counterfeiting system and uses a dual-chain cross-chain mechanism to combine the stability of Ethereum with the flexibility of its own chain. From a chain perspective, many items are digitized, but TAC focuses on bringing physical products onto the blockchain. They are working with the China National Institute of Standardization to address this challenge. Wang used rice traceability as an example. To prevent fraud, the information on the chain must be accurate. Brands should use traceability systems in contracts with growers, linking their information upload behavior to legal responsibility. IoT technologies like RFID and NFC chips can ensure data accuracy, and third-party authorities can act as nodes for verification. Internationally, TAC aims to overcome cultural and language barriers. They have already engaged with Korean clients and plan to expand further.  (Wang Pengfei was interviewed by Golden Finance in Seoul, South Korea) TAC has not seen a benchmark enterprise yet The blockchain trend has sparked interest among major companies like BATJs. While these giants are entering the space, Wang Pengfei believes that true change will come from new enterprises. "The entry of these giants is educational. Their involvement makes the public more trusting, but it’s hard to expect them to fully embrace decentralization." He pointed out that even though giants like IBM and Ant Financial are active in blockchain, they lack the agility and deep industry experience that TAC brings. "Our team has eight years of experience, and we believe we have a stronger advantage in teamwork, communication, and product development." Looking ahead, TAC aims to build a shared platform connecting multiple projects. With years of experience, the team is ready to bring more innovations to the industry. It is expected that TAC will enter testing at the end of March and launch a beta version soon. At the end of the interview, Wang predicted the emergence of professional audit institutions. "TAC hopes to be the first to undergo audits. Only those who can stand the test will earn investor trust and continue to grow."

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