GearChain's Latest Innovations to Be Highlighted at Blockchain Founders Group Demo Day

(San Jose, CA) GearChain, a leading real-time inventory asset tracker that scales up your spreadsheet, is leveraging artificial intelligence and blockchain technology in its mobile decentralized application. The app allows users to build custom barcode inventory management software without any coding knowledge, enabling seamless import and synchronization of excel and google sheets data. This eliminates the need for manual data entry and minimizes errors, significantly enhancing efficiency.

[Revolutionizing Inventory Management]

With GearChain, customers experience an average savings of 90% in both cost and time. Audit tasks that previously took days can now be completed in a matter of hours while maintaining high accuracy. The built-in scanner with a zoom-in feature allows immediate asset recording, making it ideal for tasks such as cycle counts, inventory audits, verification, and reconciliation. Additionally, GearChain's automated processes are 11 times faster than manual entry with paper trail processes, further streamlining operations.

Harry Jung, CEO and co-founder of GearChain, stated, "The ease of using a mobile phone as a barcode scanner means that anyone in your warehouse can operate the system without extensive training, making it a great solution for businesses facing staffing shortages." He also noted, "AI-enabled Gearchain barcode scanning, Google Sheets barcode inventory software, and generative AI provide insights that enhance the efficiency of inventory tracking."

[Blockchain Integration and Future-Readiness for Compliance]

GearChain's Barcode-to-Blockchain feature, powered by Algorand, records tamper-proof data securely in seconds with near-zero network fees. This functionality supports trace-and-track use cases and is a step towards real-world asset tokenization. GearChain is preparing for the retail industry's shift from 1D UPC barcodes to 2D barcodes (such as QR code) in line with the GS1 Sunrise 2027 initiative for trust in transparency.

In addition to the upcoming FDA/FSMA enhanced data recordkeeping requirements by 2026, GearChain is also ready to meet EPA regulations and industry compliance standards for inventory tracking. This ensures that businesses in these regulated industries can maintain accurate and secure records, simplifying compliance with stringent regulations.

The app is particularly beneficial for high-value items and the cosmetic retail sector, allowing small businesses and mom-and-pop shops to easily adopt blockchain technology without the need for programming or significant upfront investment.

[Strategic Partnerships and Future Prospects]

GearChain's acceleration by Blockchain Founders Group (BFG) will help build strong use cases in the blockchain and Web3 space, making blockchain technology a necessity for modern businesses. GearChain will showcase its latest updates at the BFG Season 5 Demo Day on June 20th. Interested parties can sign up for the event and learn more about GearChain's innovations.

Harry commented, "We are thrilled to be part of Blockchain Founders Group. Our latest updates are a testament to our commitment to leveraging cutting-edge technology to solve real-world problems. We look forward to showcasing our advancements at the upcoming Demo Day."

Max Zheng, Director at Blockchain Founders Group, said, "GearChain's innovative approach to inventory management and blockchain integration is setting new standards in the industry. Their participation in our cohort highlights their potential to revolutionize space."

GearChain is excited to announce the launch of its MVP on Google Play and the App Store. To celebrate, GearChain invites users to join the exclusive waitlist today to receive up to one year free upon launch. Visit the GearChain website to join the waitlist and be among the first to experience the future of blockchain inventory management solution. GearChain already boasts 30,000 users from the Gear Inventory App and has secured 10 Letters of Intent. Sign up now and be part of this growing community.

GearApp Holdings, Inc.
453 W San Carlos St., Unit#2
San Jose, CA 95110, USA
Ph. (408) 418-8561‬
Em. pr@gearchain.io

About GearChain
GearChain is a pioneering company dedicated to revolutionizing inventory management through the integration of Artificial Intelligence and Blockchain technology. GearChain mobile decentralized application empowers businesses to streamline their inventory processes, reduce costs, and enhance accuracy without the need for complex programming. GearChain is committed to delivering innovative solutions that cater to the needs of various industries, ensuring compliance with regulatory standards and adapting to future technological shifts.

About Blockchain Founders Group (BFG)
Blockchain Founders Group is a renowned accelerator in the blockchain and Web3 space. BFG supports early-stage startups by providing mentorship, resources, and a collaborative network to foster innovation and growth. As part of its mission, BFG seeks to identify and nurture promising blockchain projects, helping them to realize their full potential and drive the adoption of decentralized technologies across industries.

About Algorand
Algorand is a cutting-edge blockchain platform designed to deliver high performance and security. Founded by cryptography pioneer Silvio Micali, Algorand offers a scalable and sustainable blockchain solution with near-instant transaction finality and minimal fees. Its innovative consensus mechanism and advanced cryptographic techniques ensure decentralization and resilience, making it an ideal choice for enterprises and developers looking to leverage blockchain technology for a wide range of applications, including finance, supply chain, and digital asset management.

This release was published on openPR.