The global clamour for a digital platform in the blockchain space that is capable of checking if a product is genuine or fake may have been discovered with the conceptualization of Seal - a blockchain solution for authenticating genuine products and keeping its members safe from merchants who sell counterfeits.
Apparently, to achieve this, it makes use of a mixture of NFC chips which are implanted in the product to be authenticated through the Seal network and the Seal app to scan a code to verify the presence of that NFC chip. Users and businesses can use Seal to verify the authenticity of any type of product.
Seal has been described as a revolutionary digital platform by trusted experts in the blockchain space, as an authentication network designed particularly in response to the menace of present-day major brands theft globally orchestrated by deceitful manufacturers. There is no gainsaying that as a result of this nocturnal and fake reproduction of products and services, the reputations of these brands are blemished, This is where the seal is coming in to provide critical solutions to avert this problem using blockchain technology, to enable consumers and manufacturers to substantiate between fake and genuine products.
This revolutionary blockchain technology project was conceptualized by an Amsterdam-based team with the crucial goal of bringing back confidence to consumers while allowing brands to interact directly with their most heavily entrusted customers as never before seen since the advent of the internet.
Founded by Bart Verschoor CEO and Founder, Verschoor according to trusted experts in the blockchain space is an expert dealmaker with vast international business development experience at Dell, Bloomsix, and Deloitte. He founded the company in partnership with Joris Verschoor (Chief Operating Officer, Chief Technical Officer, and Founder). Joris is a technology leader and visionary who has been coding since his early years.
WHAT MAKES SEAL TOP-NOTCH
As the day goes by more trusted experts in the blockchain space have attested to the value seal is bringing to the marketplace. The main objective of the seal project is to return back confidence to consumers and p allow for brands to interact with their most heavily vested customers in the most direct way the internet has ever seen. Seal hopes to facilitate the building of a better world where consumers appreciate the creative work of manufacturers and stop feeding the counterfeit economy.
The Seal digital technology is not just focused towards the huge market trademarks; the Seal website is interested in programmers, creators, designers, and many other innovative producers and service providers who depend on authentic works to maintain their reputation.
KEY FUNDAMENTALS OF SEAL
With a collection of effective features to ensure, authenticity verification, ownership registration, ownership transfer, theft protection, marketing information and product recalls seal is no doubt the new deal. The Seal digital blockchain platform is made up of a number of mechanisms, which includes products with an implanted seal-chip that distinctively recognize physical products. More interesting is the fact that the Seal-app is installed on an NFC-compatible smartphone. There is also the Seal-token which allows communication between the various parts of the platform; and to the big one, the Seal-network, an immutable database where each transaction is recorded and validated by its nodes. Seal Network is basically designed for adoption by brands. Impressively the business conceptualized to allow brands to charge fees for services and this will be the first time we are seeing a platform bringing this value to fore in history. The brands can earn money from items sold through the secondhand trade, while simultaneously protecting their markets from counterfeiters. Basically, each time products change hands, the brand earns a fee, turning their products into revenue streams which offsets the costs of equipping the products therein.
THE SEAL TOKEN
According to inference from the sight, the Seal token is an ERC20 token built on top of Ethereum that works in conjunction with NFC-chips. Seal aims to be the authoritative platform that millions of people can count on when acquiring new or used products. Ethereum was adopted due to its native smart contracting which makes it a more attractive option. As a member of the Enterprise Ethereum Alliance., seal through its smart contracts want to have the ability to embed smart contract logic into users solutions hence Ethereum is said to be the most popular smart contract blockchain in the space.
THE SEAL TOKEN SALE
If information from the Seal site is anything to go by, the consumers and brands can spend Seal tokens on services on the Seal platform. According to them, “There will be a total of 1.2 billion Seal tokens minted, and the total supply of tokens will never exceed this amount. No more than 492 million tokens will be allocated for the token sale”. Interestingly it further states, each seal token is set at a price of $0.056 during the token sale, $0.068 during the pre-sale, and $0.80 during the main sale.
Now get this little piece of information that reflects the brighter side of seal; in view of the total supply of tokens, 41% is allocated to the token sale, 13% to the team and advisors, 7% for influencing and lobbying, 22% for future operations, and 17% for future R&D.
CONCLUSION
Seal has been widely identified as the real deal; it is a revolutionary and innovative blockchain technology that is sure to help in no small measure to mitigate the wide amount of fake products that presently exist. The project is conceptualized to help global product and services keep their credibility intact and help build a better world where consumers appreciate the creative work of makers and stop nourishing the counterfeit economy and its devastating effects on the global stage.
THE SEAL TEAM:
We cannot end this without commending the team that is instrumental to this inspirational and motivating blockchain technology, no doubt this has caught the fancy of the global audience. They are building a better world in which consumers appreciate the creative work of makers and stop feeding the counterfeit economy and its disastrous effects on the world. From the Chief Executive Officer and Founder, Bart Verschoor, Chief Strategy and technical officer and founder, Joris Verschoor; IIlya Rool VP; Micheal De Blok, VP Seal USA; Stephanie Mulder, Marketing Director; Joel Happe, Blockchain Evangelist; Kian Giri, Marketing Strategist; Desley Mooijst Marketing Generalist; Noah Boeken Advisor; Caterina Morago Pizarro; Advisor among other team members instrumental to the success of the project.
For more insight about the Seal project, please click on the links below:
Website: https://seal.network
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2929809.0
Bounty program: https://bitcointalk.org/index.php?topic=3217735
Telegram: https://t.me/sealnetwork
Twitter: https://twitter.com/seal_network
Facebook: https://www.facebook.com/SEALnetworks
Medium: https://medium.com/sealnetwork
Youtube: https://www.youtube.com/channel/UCRSij7RrH46gIbvBVfWN5KA
Instagram: https://www.instagram.com/seal.network/
LinkedIn: https://www.linkedin.com/company/sealnetwork/
Whitepaper: https://seal.network/seal-whitepaper.pdf
Author's Bitcointalk Username: Jannyh
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1883625