Normally when we get some ancient coins, if we see that for the first time creates a curiosity to understand the value of the item we got. If we ask anyone they may let us know the actual value of the item or they might consider saying it as a fake item. We can not even trust which will be the right one. This remains an unresolved answer for the value we have in our hand.
ViValid platform allows you to upload the pictures of the coin you have collected and there will be experts registered on the platform to analyse your coin, rate and update the value of the item within the platform.
One might have a question about what blockchain has to do with finding the value of a coin? Here it is. .
The ViValid Platform being built on the blockchain platform, where the received inputs and opinions are stored in an immutable and independent trusted network. You can put more trust on the results that come from the platform because ViValid platform’s “Proof of Validation (PoV) Protocol" ensures the reliability of opinions.
ViValid platform validates the inputs in five tiers and each tier is exclusive than the previous one. The one who raise the query will pay a small fee to the one who deals the query. As the query gets distributed among the experts, you can trust on the output you are going to get.
In the tier one, anyone can be part of this validation, if you have some knowledge about the things. For the second and third tiers, you must be able to tag the right price in assessing the value of the things. The first three levels are community driven levels.
Following is the process:
When you want to know the value of any item, you take the pictures of the item and upload them to the ViValid Platform, you need to pay some fee in ViValid tokens.
As soon as you upload the pictures, the validators will validate the value of the item you have uploaded. These validators work individually and all the opinions will be accumulated in the ViValid platform (you might get multiple opinions by the individuals).
You can decide on accepting the value of the item from the first tier results or you can move to the next level to narrow down the results.
If you decide to narrow down upto fifth tier, the results will be more accurate.
You can decide to sell your item and negotiate with the buyers based on the information you've collected in the above process.
Many people collect old items and valuables as their hobby. They spend lots of money for their hobby. The experts are saying, there are many things that are selling at high value because it is old and the demand for it is still high. Say for example, comic books, video games, Vinyl records, stadium events released in 80’s rising value, the other set of collectables includes arts, jewellery, ancient coins and more.
ViValid offers a transparent and accurate service to the collector community in which the risk of fraud is less as it is on the blockchain. ViValid validation increases consumer confidence, which leads to higher prices.
Following are the benefits for the collector community which results in High adaption of the platform by the community.
Trust and Immutability: It is impossible to change the data and mute the process once it gets into the Blockchain. ViValid platform has Proof of validation which ensures the reliability of the validated opinions by the community.
High-quality data: The data can be accessed and used across the globe.
Reliability: Blockchain doesn't have a point of failure because the data is spread across multiple networks. The history of assets and assessments remain in the blocks.
Integrity: Smart contracts will be executed for every transaction as designed in ViValid platform.
Transparency: Every contract can be reviewed, tracked at any point of time. All the parties who are involved in the validation process will come to know the status of the validation.
Lower cost: As the process is automated through the Blockchain technology, collectors can reduce the costs of online research, certifications and more.
Ownership: No one can claim the ownership of the item until the original owner decides to sell it.
For More Information Visit :
Website : https://vivalid.io/
Whitepaper: https://vivalid.io/documents/vivalid-whitepaper.pdf
Telegram : https://t.me/vivalidservice
Twitter : https://twitter.com/ViValidService
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