ReceiptCoin is creating a standard format for commercial product information and data, and a service to insert that information and data onto a public blockchain. Product information and data will only be updated by the current owner of the product and data. Essentially, ReceiptCoin will serve as a universal supply chain notary and data silo for each individual product. Businesses and customers can use this data to identify, inventory, and re-market products.

RCPT is an ethereum-based token that will serve as a medium of exchange on the platform.