There's a new token in market (listed last week on EtherDelta and Binance) called WaBi on which I'm super bullish. First let me explain what is the concept behind WaBi.
TBH, I'd really suggest anyone to read the whitepaper which is extremely comprehensive. China has had a major issue of counterfeit (fake) products being imported and manufactured (in billions of USD) especially milk that has caused baby deaths. This is not just a problem specific to China but is a global issue, for instance there's a massive amount of fake medicines in circulation in countries like Nigeria.
To combat this problem a company called Walimai in China came up with RFID labels that would be tacked on to each and every product unit which would use radio waves to store information in the blockchain of a new Ethereum token that they came up called WaBi. The RFID chip will keep sending and storing information to the blockchain ledger/database as it moves out from the manufacturing center tot he distribution hubs to the retailers.
In order to check the authenticity of the product the customer will need to install the relevant app provided by the same company and put it on the tag to verify the authenticity as well as get the entire information of the journey of the product.
No malicious middleman can really take one or more product in transit to tamper with the label because it is fragile enough to break if tampered with. If a fake label is attached by removing the one that is genuine then no data will be stored in the blockchain and the app used to verify will deny the authenticity of the product. At the same time the label is robust enough to prevent any sort of breakage during the journey from the manufacturing center to the customer.
- WaBi has a working product which is in use and is waiting on partnerships.
- The token is also ready and has already been listed on big exchanges like Binance.
- It has a decent team and a set of good advisors as well.
It was listed at about $1 and has already had a decent bull run where it has gone above $2.
I personally believe as a cryptocurrency investor you can still get into this coin at the current price. I predict it should reach $5 in the upcoming months. It is sort of comparable with WaltonChain (WTC) if that's a coin you're already familiar with. WTC is currently trading at $11.
I'm sharing with you a prediction - based astrology (astro finance) to @Wabi covering period until December 2018... very exciting future.
(Recorded March 31st 2018)
https://vimeo.com/ondemand/wabi
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