Spherity
Spherity operates in the US supply chain under DSCSA, providing credentialing services and solutions for digital trust through decentralized identities and verifiable credentials.
Services
Spherity provides various services to facilitate supply chain compliance and digital trust within ecosystems. The company offers credentialing services for DSCSA compliance through its CARO product, as well as decentralized identity management solutions for enterprises, machines, and other non-human entities. Additionally, Spherity provides solutions for Digital Product Passport (DPP) and Certificates of Origin, KYC Credentialing, supplier and customer onboarding, and sustainable finance and supply chain compliance.
Products
Spherity offers several key products aimed at enhancing digital trust and regulatory compliance. CARO is a credentialing service designed for US DSCSA compliance. The Digital Product Passport helps organizations comply with the New EU Battery Regulation, and the Enterprise Identity Wallet streamlines processes for acquiring, issuing, or verifying company certifications needed for supply chains. Another pivotal product is VERA, a Catena-X certified Digital Product Passport solution that allows secure data exchange with suppliers and ensures compliance with the new eco-design for sustainable products regulation (ESPR).
History
Spherity has shown commitment to innovation and growth in the field of digital identity management. The company attracted a significant investment of 2.5 million EUR from an investment consortium led by Blockwall. Furthermore, Spherity participated in the SAP.io Foundry Berlin accelerator program and secured the 2nd place in the FinTech Germany Award 2020. The company operates from its offices in Dortmund, Germany, and New York, USA.
Regulatory Compliance Solutions
Spherity develops solutions aimed at addressing regulatory compliance requirements across various industries. The company’s Digital Product Passport, regulated under the new eco-design for sustainable products regulation (ESPR), and the Credentialing Service for DSCSA compliance are examples of such initiatives. Spherity is actively involved in standard-setting processes to ensure compliance and interoperability, creating Gaia-X compatible Organizational Credential Manager (OCM) and Personal Credential Manager (PCM).
Accreditations and Recognitions
Spherity has achieved notable accreditations and recognitions. The company earned the EcoVadis Gold Certification, placing it in the top five percent of all companies assessed. This reflects a commitment to sustainability and excellence in corporate social responsibility. Additionally, Spherity’s VERA product, a Digital Product Passport solution, is Catena-X certified, showcasing its compliance with industry-leading standards.