Bullet ID Announces USD $52,000,000 Regulation A+ Offering for Investment
Blockchain technology for ammunition tracking and inventory management Bullet ID has the potential to revolutionize processes for manufacturers, military forces, and law enforcement.
The Bullet ID Corporation (“Bullet ID”) brings to market a novel solution incorporating blockchain technology that allows for managing inventory and tracking ammunition down to the individual round. The company aims to revolutionize the processes for manufacturers, law enforcement, and military forces.
Bullet ID is offering up to 40,000,000 shares of Common Stock (77% of the total Offering) and the Selling Stockholders are offering up to 12,000,000 shares of Common Stock (23% of the total Offering). The shares of Common Stock will be sold on a pro rata basis until all of the shares of Common Stock are sold.
Read More: Accenture Completes Acquisition Of Sentia In The Netherlands, Belgium And Bulgaria
The minimum investment for this offering is $750.
The Bullet ID team, which consists of subject-matter and technology experts, has joined forces to provide an end-to-end response to problems in the life cycle of ammunition, from packaging to distribution to use.
“We set out to revolutionize ammunition tracking and inventory management. Today our technology can improve ammunition inventory control and provide increased intelligence for military and law enforcement,” said Bruce Lewis, Founder and CEO of Bullet ID.
Using software and mobile apps based on secure blockchain technology and open standards, Bullet ID is at the forefront of addressing issues such as inadequate accountability, theft of ammunition, product safety and lack of accurate information in field intelligence.
Bullet ID believes it has a comprehensive answer to a large number of issues, due to its ability to add unique tracking barcodes to the ammunition and packaging used throughout the supply chain. It can help increase accountability, safety of military, law enforcement and recreational users while preserving privacy and confidentiality in a global marketplace.
Read More: SalesTechStar Interview with Neal Hansch, CEO & Managing Partner at Silicon Foundry
Some of the details that the users of Bullet ID have access to are:
- caliber and type.
- manufacture and import dates.
- precise ballistic information.
- history of the ownership of the bullet.
- geo-location.
- configuration and recall ability for the ammunition that has already been shipped.
“A compact and unique barcode is laser-engraved onto the case of each round of ammunition as well as printed on each unit of packaging. A secure blockchain database is used to record the information, which can later be accessed only by providing digital proof of authorization. Our technology, developed for the future, can accommodate a virtually unlimited number of distinct codes and can scale to service the global market. It ensures confidentiality of internal and cross-network operations and effortless integration with other systems, eliminating a significant roadblock to adoption: the cost of rollout and integration,” said Cristian Talle, Chief Technology and Innovation Officer of Bullet ID.
Bullet ID was designed to restore accountability, provide ammunition inventory control, and become a helpful forensic tool in crime scene investigations all over the world.
