In recent years, plenty of focus has been given to award content creators for their effort. Steemit is one of the products of the public's growing willingness--even eagerness--to reward people for the content they create. This is a great realization among the public and it fairly rewards hardworking people. While plenty of efforts have been made to ensure digital content creators are fairly rewarded, not enough has been done to reward those exerting effort to provide people with physical creations.
We are surrounded by brands and a lot of effort is put by the people behind those brands to make the products desirable. However, the massive counterfeit industry copies the designs of brands and profits from it, while neither the brand or the hardworking people who created the desirable design or product are rewarded. A large and growing portion of society agrees that it is right to reward people for their creations, but it has been difficult to ascertain whether a physical product is an original brand product or not. Blockchain projects have and are still making it easier to reward digital content creators; now, a new project is going to make sure physical creators are rewarded too.
Winning the Fight Against Counterfeits
Seal Network is launching a new blockchain project with a feasible solution to the current problem faced by brands and their product/design creators. First, when a new branded product is produced, it a Seal Network chip will be attached to it. The network, powered by blockchain technology, will provide an immutable record of authentic products. When a consumer will buy a product, he or she will be able to scan the chip with the Seal Network app to authenticate any product. Consequently, consumers will have the power to verify when a product is genuinely from the manufacturer.
The Seal Network will also allow consumers to record ownership of a product. This ensures that if ever a merchant will try to sell a second-hand branded product as if it were new, the Seal Network would allow consumers to check that product is actually second hand. Additionally, if a merchant or p2p sale takes place for a second hand product, brands will be able to earn a small piece of the sale.
Seal Network ensures consumers are protected against the possibility of purchasing knock-offs so they get the quality product they expect when buying a particular brand's products. It also adds authenticity to the secondary market of branded products by creating an immutable record of ownership.
Seal Network allows brands to protect their brand's quality recognition from counterfeiters and to retain the sales that were intended for them. Additionally, it opens a new revenue channel for them by allowing them to earn a percent of the sale within the secondary market.
Essential Seal Network Links
🌐 Website: https://seal.network/
💡 Whitepaper: https://seal.network/seal-whitepaper.pdf
👨 ANN Thread: http://bitcointalk.org/index.php?topic=2929809.0
💻 Telegram: https://t.me/sealnetwork
⌚️ Token Sale: MAY 13
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