Seal Blockchain as a Currency of Authentication

in cryptocurrencysealeth •  7 years ago  (edited)

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Counterfeiting has silently eaten into the core and fiber of our daily lives, from the clothes we wear to our accessories, and so much more. A lot of efforts and ingenuity goes into creating the big brand names that we see today, and counterfeiting robs these unsung heroes of creativity of their total benefits or revenues. In 2013, the estimated value of counterfeit goods in both international and domestic trade reached the sum of 917 billion, with the majority of the goods coming from China. Counterfeiting takes various forms and might imitate authentic goods by slight price differences masked as discounts. It has practically infiltrated every type of market from domestic to international market, with much influence in the secondhand market. Besides the fact that brands suffer from counterfeits, buyers of fake products suffer the effects more since they think for authentic products.
Although countless authenticity measures are put in place to curb these excesses, none comes close to invulnerability of Near Field Communication (NFC). NFC is an infallible method of authentication that requires close contact before any transaction could occur. It's, therefore, no surprise that Seal Technology uses NFC chips combined in physical products with the Seal App and network to create a simple and efficient way of verifying a product's authenticity.
Why Seal
There are tons of authenticity methods used to verify products. However, most of the measures have fallen prey to hackers and counterfeiters. Due to the high rates of counterfeiting, Seal aims to provide top notch authenticity systems that will ensure the happiness essay of both the brands and buyers. By using Blockchain technology to facilitate tokenized version of goods, services such as theft protection, transfer of ownership, and insurance. Furthermore, Seal brings a new form of revenue that has never been implemented before; with this blockchain, brands can earn money every time their products are sold to a new owner. It promotes continuity of revenue and authenticity even though the product is discontinued.
Uses Cases of Seal Blockchain
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Fuorescent fibers, holograms, micro prints, invisible ultra-violet inks, and water marks are measures used my most brands to verify authenticity. However, the methods require some level of specialized training in order to know what to the difference between real and fake products.
Seal solves the problem of counterfeiting by providing the following solutions;
• Online Authentication. This is one of the sure ways of authenticating products. To prevent any form of copying, Seal makes use of dynamic chips that changes every time you interact with it. This prevents hackers or fraudsters from tampering with it.
• Easy Verification. With just the click of a button on your smartphone, you can verify the authenticity of a product. Since most people don't know how to check for minute details or anomalies before they can spot a fake, this method makes verification effortless.
• It restores the integrity of trading platforms. The reputation of platforms that deal in secondhand goods have been damaged due to the influx of counterfeit goods. However with this methods, people can be rest assured that the goods they are getting is authentic.
Lastly, Seal diminishes the incidence of theft as brand owners can now brand their goods with specific identification numbers that can be traced back to them.

Currently the Seal tokens can be purchased on seal website. The tokensale ends in less than 24hrs , hurry up. the proceeds from the tokensale would be used to finance the project.

Token details

Token Ticker: SEAL
Token Type: ERC-20
Token Price: 1 ETH = 7000 SEAL
Soft cap: 33,000,000 SEAL
Hard cap: 492,000,000 SEAL
Presale 384,000,000 SEAL
Mainsale: 108,000,000 SEAL

Team member
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Partners

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To find out more about SEAL, visit
Website: https://seal.network
Whitepaper: https://seal.network/seal-whitepaper.pdf
Blog: https://medium.com/sealnetwork
Bitcoin ANN: https://bitcointalk.org/index.php?topic=2929809.0
Twitter: https://twitter.com/seal_network
Facebook: https://www.facebook.com/SEALnetworks
Telegram Group:https://t.me/sealnetwork

Writer: sweedy
Bitcointalk Profile Link:http://bitcointalk.org/index.php?action=profile;u=1821234

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A scintillating write up.. The Seal project has a remarkable concept.. It remains to be seen if they will leave up to expectations

Great information..Seal is definitely a great project

Niceee

This project aim is very useful to man. I love the article

Finally we will have a technology to detect fake brand/ product. Kudos guys

This project solves real world problem

Exceptional project.