During the 80’s in the era of kings, when a king sends a letter of high importance to his fellow king, that letter usually have a unique insignia which is attached to it ,that insignia can also be known as seal and if that seal should be broken or tampered with before getting to its destination, that means the letter contained in it is deemed fake…
Try and use your imagination to have an idea of seal is with the explanation above..
According to the dictionary seal ordinarily can be attributed to a material with an individual design stamped into it, attached to a document as a guarantee of authenticity.
What is seal about?
Seal is about protecting the buisnesses and encouraging start ups to thrive they do so by Utilising the use of NFC and blockchain technology to help in reducing counterfeit product in the market…
Seal was born out of love and passion for the creative industry..
How would you feel if a product of yours which was created and taking into cognisance the amount of time ,energy and brain power you invested in it, and you later find out that the product you created has been counterfeited where as the gains you are supposed to be making are being cut short..this is not good for we the consumers and producers, this is the main problem seal has set out to solve, with seal producers will have a sense of protection as regarding their products as this will help boost productivity and ensure customers get the very best and quality product
Problems and proposed solution by seal
counterfeit good - goods/product of seemingly high quality are those more likely to be counterfeited, mostly arising from high price as people say which is not supposed to be so,examples of good being counterfeited are louis vuitton, nike shoes etc, even tho there are measures used by these companies to reduce theft and counterfeiting through the use of barcode and QR codes...these measures seem to be ineffective as barcodes can be manipulated..
But with seal,theft and counterfeiting can be reduced through the use of blockchain technology (a technology which is impervious to manipulation) and nfc which makes identification seamless and fast, even though products can still be copied, the seal chip cannot be copied,thereby making it impossible for counterfeiers to make money from counterfiet products
How will seal work?
As i have mentioned countless times that seal uses NFC and blockchain technology...but how does it really combine these two technologies together?
Among seal's working product its a chip that uses dynamic verification and allows digital coupling, with digital coupling producers will be able to install the chip on their products thereby giving its products unique identity and when a buyer wants to to test the validity of product to know if its original or not,the user simply scans the product and knows its authenticity.. this is where the second working case product comes in
Seal app - this is compatible with both Android and ios phones as its features include authenticity, ownership transfer and inventory management
Why you should participate in the token sale
1 seal tokens will be used to pay for services by consumers and brands
2 Seal tokens can also be used to pay for goods and services directly as a result of mutual agreement
3 Seal will also help brands set up their dapps for products on the seal network and seal tokens will serve as communication medium between seal networks and bapss
4 seal tokens can also be used as a store of value as the value of each seal token will increase over time
5 seal tokens are required to enter the seal network ecosystem
Things you should know about the seal tokens
Seal network is built on the etherum blockchain and the token is a ERC20 token,
Total supply - 1,200,000,000
Tokens for sale- 492,000,000
Price - 1eth = 7000 seal tokens
Minimum contribution - 0.1 eth
Conclusion*
The seal initiative is a first of its kind and will be the pioneer and leading industry when it comes to authentication of products and reduce in theft, so why not be among the first to key into this project.
THE TEAM
ADVISORS
Roadmap
For more information
White paper
https://seal.network/seal-whitepaper.pdf
Official website
https://seal.network
Bitcointalk ANN
https://bitcointalk.org/index.php?topic=3217735.0
Author's bitcoin talk profile link
https://bitcointalk.org/index.php?action=profile;u=1819997
You have a minor misspelling in the following sentence:
It should be their instead of thier.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Seal is indeed a very good project
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Very insightful
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This is well written. I now know more about seal. Thank you
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Very interesting
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