Shopping has become a common activity for the past several years, up until now. Not only we shop for our most basic and daily needs like food, clothing and shelter – we also shop things in the tertiary category, for example high-end shoes, branded purses and wristwatches. Even though these tertiary needs had our pockets and wallets in a run for your money (no pun intended), in the end it will be worthwhile for us knowing that the good we bought live up to our expectation. Take Rolex wristwatches for example. Despite being pricey, people still buy Rolex wristwatches – after all, Rolex provided not only high-level prestige but also dedication, reputation, and appreciation as wristwatch maker.
This is where a particular problem surfaces. What if the pricey merchandise we bought turned out to be counterfeit merchandise? Our concern about a good’s authenticity may diminish or nonexistent at all when we buy it at an authorized dealer or seller – but what about the goods in the second-hand market, or non-authorized sellers? We can only know so much, there just might be one time we couldn’t differentiate authentic and counterfeited goods. Let’s put Rolex as an example case of when we can tell the difference. We can tell if whether a “Rolex” watch is the genuine one or not with a simple trick. Listen closely to the sound from the watch’s second hand motion. If you hear a “tick-tick-tick” sound, this might be a sign that your Rolex isn’t the genuine one. The genuine ones, since they’re automated instead of being quartz watches, have smooth second hand motion rather than an abrupt and jerky one, and so, should not produce a ticking sound in the first place.
That simple trick and perhaps other similar tricks for different kinds of merchandise can only work as long as we know what factors can determine the authenticity. However, what about the times we’re in the complete darkness about said factors? And so, due to the problems aforementioned, a special platform emerges that allows us to tell a good’s authenticity with the simplest of ways – a tap in our very own smartphones.
This platform is called SEAL. The Seal is an amalgamation of NFC chip technology and blockchain, which will bring ease in determining goods’ authenticity. Here’s how it works.
User (that’s us) scans a merchandise with NFC-enabled smartphone. The app in user’s phone will take a look at the uniquely-designed, one-of-a-kind chip implanted in the merchandise that can’t be duplicated to the Seal network in the blockchain. After that, the result of whether the merchandise is authentic or not will be revealed.
The application of Seal, when made into fruition, will help a lot of mainstream user – people who have little to no idea of how to determine merchandise’s authenticity. As buyers, the thought (or perhaps for some people who’ve fallen victim to, the fact) of paying authentic merchandise price for a counterfeited one will definitely make our skin crawl. There are more benefits that Seal still have to offer, like a chance for brands to monetize their sells in the second-hand market.
Some information for their ICO:
A maximum of 1.2b tokens will be minted and will never exceed this amount. No more than 492m tokens will be allocated
for the token sale rounds. Discounts and bonuses depend on strategic partnerships and deal size
The steps to buying tokens? The process is as follows:
Register for account
Confirm your email address
Fill in your profile
Do KYC checks (ID + selfie) (wait untill processed)
Enter the address you'll use to send ETH from (wait untill processed)
You can transfer ETH to the specified address to buy tokens
Teams:
Bart Verschoor
Chief Executive Officer
Seal is Bart’s brainchild. Able to apply both left and right brain equally, Bart conjures up creative ideas and tests them using sophisticated data driven methods. He is an expert dealmaker with vast international business development experience at Dell, Bloomsix and Deloitte. His talent for innovation enabled him to work on projects in IOT, robotics, blockchain and the FiWare consortium
Joris Verschoor
Chief operating & technical officer
founder
Joris is a respected advisor to corporate leaders and a technical leader who also contributes to technology community mentorship programs and conferences, having won several awards and recognitions for his work.
For more information, do check out the link below.
https://seal.network/ (website)
https://token.seal.network/ (token sell)
https://bitcointalk.org/index.php?topic=2929809.0 (Bitcointalk.org ANN thread)
Social media:
https://t.me/sealnetwork
https://twitter.com/seal_network
https://medium.com/sealnetwork
Author:
panjay https://bitcointalk.org/index.php?action=profile;u=515495