SEAL.NETWORK is block powered authentication services and platforms which will offer users and developers with item trust. It joins with NFC chips tech with Block, this mixture gives an ideal counterfeiting solution. The SEAL.NETWORK consists of a lot of components, namely:
- Items with an embedded SEAL.NETWORK chip that exclusively verifies physical assets
- The SEAL.NETWORK apps installed on the NFC chip compatible Mobile Phone
- The SEAL.NETWORK token which enables communication among the diff areas of the system and;
- The SEAL.NETWORK project an immutable Block database where every deal is recorded and authenticated by its nodes. The full procedure is actually simple, you easily scan the item, which has embedded NFC based Chips and you
attain information about the item.
Other information and modes
1- Card emulation mode is like when you use contactless payment.
2- Peer to peer (P2P) mode is sharing back & forth, you can even move files like images, in P2P mode normally both devices will need an energy source such as in your mobile phones. The pace is around 2 to 4 times dial-up the pace.
For instance, NFC powered Chip might have a passcode on it and one more tool is wafting to obtain to get a passcode. This other tool would not try to read the passcode as everybody can read it but it'll share it if the right situations are met, this is what can create NFC Chips more safely than comparable RFID technology.
The ideal example would be a card which has cash loaded on it, like a vehicle pass. It needs a 2-way connection to work so the standard of the card can go up and down. This is just my interpretation of the tech and doesn't relate to SEAL.NETWORK as firstly mutually of these notes will not be active.
What can make these safer is that the NFC Chips will hold the info and it can also share this detailed if the right needs are met? You cannot only read it, it has to be sent which is how the info is secured. If we were applying RFID tech everyone could read the detail. If the situation has to be met earlier the detail is sent by the Chip then makes it much safer.
Competition
Vechain, Wabi, Walton, Origin trail, Modum, Ambrosus…. not everyone of this plan is trying to do the exact similar thing as Seal Network. None of these plans use these chip, selling models are diff and the market sphere is dissimilar as-well. And at this spot on occasion, these are not straight opponents in the proper sense nevertheless this may modify over time.
Token utility (SEAL)
Project tokens are needed to enter the system and the SEAL token will be applied to pay for services by mutual brands and customers.
Project White paper lists many services:
• Register ownership
• Transfer ownership
• Verify Authenticity
• Theft-Prevention and so on.
SEAL.NETWORK has a hard-cap of 33 Million USD, 41 percent of tokens sold to the public sale and, pre-sale is already started and, the main sale is planned for 13th May.
Advantages as a token owner and how SEAL makes currency
So the query is, why'd you wish to hold SEAL tokens?
TLDR: If Token can sign-up even little to average business to create around three billion values of sales with their NFC chip installed, there's massive value to the token owner. If they can sign up even one big brand the benefit of holding will be multiplied exponentially. This does not take into account speculator increase in value or other causes other presently the clean base math.
Example: Let's use PUMA as an instance can include any brand or product in here. In realism the first target product will possibly be lot more high end than 300 USD but ultimately it'd make it into the middle range and even lesser range items, the charges on the high-level range items might be up but equivalent in scale. From the charges paid by the client, five percent of twenty-five percent (or 1.25 percent of the whole fee) will be bought by SEAL token and deleted or burnt. This is one of the methods the SEAL token can go-up in worth.
Let's put the 1.25 percent to the analysis. Say PUMA sells ten million USD value of shoes and every shoe is valued around 300 USD. They take a fee for SEAL token of around 10 USD each shoe. That'd be approx 33,333 items, or 333,333 USD whole fees from clients. 250,000 USD (75 percent) is Retained by PUMA (2.5 percent income boost for them).
83,333 USD goes to seal project. That'd mean 4167 USD of SEAL token destroyed (or 5 percent to 25 percent) so 4167 USD destroyed each ten million USD of the item sold by Brands.
For further info:
• Website: https://seal.network/
• Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=2929809.0
• Whitepaper: https://seal.network/seal-whitepaper.pdf
• Facebook: https://www.facebook.com/sealnetworks
• Twitter: https://twitter.com/seal_network
• Telegram: https://t.me/sealnetwork
my bitcointalk profile url- https://bitcointalk.org/index.php?action=profile;u=1882321;sa=summary