Spherity

Spherity is a digital identity software company founded in 2017 that specializes in decentralized identity and compliance solutions for enterprises. The company's technology is built on self-sovereign identity (SSI) principles to enable secure verification and data exchange between businesses. Spherity offers two primary product lines for supply chain applications. For the U.S. pharmaceutical industry, the company provides authentication and authorization solutions designed to help companies comply with the Drug Supply Chain Security Act (DSCSA). These solutions use digital credentials that conform to Open Credentialing Initiative (OCI) and Partnership for DSCSA Governance (PDG) standards, enabling secure data sharing between Authorized Trading Partners. Six of the top 10 pharmaceutical companies globally have adopted Spherity's digital credentials. The company's second product line is the VERA Product Suite, which provides Digital Product Passport solutions for various industries in compliance with European Commission mandates. In December 2024, Spherity acquired Xylene, a Digital Product Passport technology provider, to strengthen its position in the European market and expand its capabilities in supply chain transparency and circular economy initiatives. Spherity operates as a fully remote organization with 29 team members across 13 nationalities and 8 remote locations. The company has achieved SOC 2 Type II compliance and received the EcoVadis Gold Medal, placing it in the top 5% of companies globally for sustainability performance.