simplyBrand (SBA) is an upcoming company on a mission to stop counterfeits from being sold online everyday. How? Blockchain technology and a little help from everyone can make the impossible become possible.
There are many brands that are being counterfeited such as Nike. Nike, as many of you may know is probably the biggest shoe and sportswear brand in the world. Having the best items will always have counterfeits. Nike’s shoes are counterfeited on a regular basis and the #1 item is the Jordans. Jordans are rare, stylish, and also expensive which is the perfect item to counterfeit. Nike loses hundreds of millions of dollars from counterfeits. Recently one Jordan counterfeiting operation were caught by the FBI and is reported from that one operation it is estimated that Nike lost about $78 million.
So how in the world do we stop this? simplyBrand could be the solution and here is one main reason why... Nike has been trying to stop it themselves and they have people submit the counterfeit item or report it along with store details, etc, just like simplyBrand, but Nike does NOT reward anyone for anything. In the world today, nothing is free. If you want things done there should be some kind of incentive. Although people still do report counterfeits directly to Nike it’s not to the point where they can stop it.
SimplyBrand rewards everyone that submits a successful report which gives it a more fun experience while stopping counterfeits. This allows for people that may pass by a counterfeit shop in person or they are browsing the web and find counterfeits to report it knowing they will get rewarded for it. The report and analysis is stored on the blockchain and with the data and their AI Bot, it may be possible to stop counterfeit sales online or at least reduce is by a significant amount. This allows Nike users to report counterfeit Apple products and vice versa that will not only help the companies but also everyone all with Artificial Intelligence.
So the process would essentially be
• The people report countefiet item to AI bot
• You will receive a score and possibility of counterfeit.
• It will verify and authenticate it using all the data it has.
• You will receive the results. In the beginning, it won’t be perfect, but as it gets more and more data it will be closer to perfect.
• Once product is verified as counterfeit user will receive reward.
Rewards will be in SBA Tokens which users can use to purchase goods online in the marketplace or sell them on a Crypto Exchange.
Website https://simplybrand.io/en/
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