Suku (SUKU)

What is SUKU?

SUKU is a blockchain-based platform designed to make supply chains more efficient, transparent, and collaborative.

There are three product offerings built on SUKU: OMNI, INFINITE, and DeFi. These services leverage blockchain to track and trace products as they move through the supply chain, allowing brands to show customers a transparent and robust story behind the product journey.

SUKU's Supply Chain as a Service Platform was co-founded in 2016 by a group of former Deloitte Blockchain executives, entrepreneurs and corporate leaders working for the Bay Area startup Citizens Reserve.

SUKU is a blockchain-based ecosystem that aims to increase transparency in B2B trade by tracking goods as they move through the supply chain. SUKU's parent company Citizens Reserve was set up with the broader goal of digitizing supply chains, and is headquartered in Miami, Florida.

Technology

The initial release of the SUKU Platform consisted of a dual-node architecture composed of public Ethereum and permissioned Quorum. The SUKU platform was migrated to Hedera Hashgraph in February 2021.

SUKU Architecture is comprised of the following four layers:

1. Applications and Services Layer: Allows for applications and services to be built on top of the SUKU Core Layer.

2. Core Layer: Contains the core capabilities that participants will use on the SUKU Platform . First, the SUKU Core Layer acts as the abstraction layer between the Blockchain Layer and applications and services that are offered as part of the Application and Service Layer. Second, it delivers access to the APIs, data standards, and microservices needed for developers to build on top of the foundational code base.

3. Blockchain Layer: Upholds the integrity and security of transactions. SUKU was built on public Ethereum and permissioned Quorum, and has since switched to Hedera Hashgraph. This means that each node on the network consists of a permissioned Quorum blockchain node and a public Hedera Hashgraph node.

4. Infrastructure Layer: Operates nodes and infrastructure on cloud services to support the aforementioned layers. .

Governance

SUKU currently follows Hedera governance structure through its council members formed by corporations. Up to 39 organizations form the Hedera Governing Council, including Avery Dennison, Boeing, Deutsche Telekom, IBM, and Google. Council members run the nodes on the Hedera network, and share an equal vote in the direction of changes to the Hedera platform’s codebase. Changes are proposed in the form of Hedera Improvement Proposals.

On-Chain Governance Details

SUKU Tokens will enable the right to vote. For example, one of the voting opportunities could be voting on proposals to improve the SUKU Core Layer 2 or the underlying chain. The exact topics that users will be able vote on has yet to be released, and the onchain governance mechanisms remain under development.

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