SEAL
Manufacturing is the biggest sector worldwide and is slated to grow multiple folds during the next decade. With the demand for quality products touching the roof worldwide, big as well as the not so big brands are ramping up their manufacturing game by establishing units across all major destinations worldwide. Companies are investing millions of dollars to establish efficient shipping routes so that the manufacturing units can work efficiently and deliver the items on time. However, eating into the manufacturing sectors' business is the counterfeit industry which produces low-quality goods at cheap rates and sells at a premium to unsuspecting customers. The profit percent is almost double for counterfeit manufacturers and the customer is one who suffers ultimately. The Seal Project aims to stop this practice once and for all. It aims to equip each and every customer with a mobile-based application which can be used to check the authenticity of any product worldwide.
The counterfeit network is spread across cities and countries. The money coming in from selling counterfeit goods fill the coffers of the underworld and black market. Manufacturers often tie up with counterfeit producers for extra money. This is usually done by the factories producing the original goods because they have all the know-how and equipment ready. The Seal Project aims to curb this menace by allowing the customer to test the authentication of each product they buy. All the customer needs is a smartphone to scan the code attached on the product. This is truly a revolution for the manufacturing sector that will benefit not only the consumers who end up paying high rates for counterfeit products but also the manufacturers who lose millions of dollars owing to counterfeit sales worldwide.
The Seal Project aims to fund the initial development, maintenance and blockchain integration of the database by the Initial Coin Offering. The sale of the Seal token will enable the company to develop the Near Field Communication (NFC) chips and integrate it with the blockchain. The tamper-proof NFC chips will be the backbone of the entire Seal network. Authenticity of the products can be determined by the use of the chips. The Seal token will be based in the Ethereum blockchain. It will be a standard ERC-20 token. The token can be used to pay for services by the companies as well by the consumers. Identity verification, authentication and transfer of ownership are some of the services that will be provided by the Seal network. All the services will be secure and transparent.
The Seal project has one of the most talented teams leading it. The team has multiple years of industry experience across diverse sectors. The board of advisers consists of executives of various multinational companies. Together, the team has come up with a wonderful idea and an equally well thought out strategy they will help the product scale in the long run.
Counterfeiting and shamelessly copying products for personal gains has been a problem since centuries. The problem is so deeply rooted that it becomes next to impossible to remove it completely. Seal's approach from the consumer perspective is a very innovative move that promises to change this malpractice forever. Using the blockchain for management of data and verification of product ownership is another welcome move. Big corporates and multinational manufacturers will surely find Seal's product very helpful to prevent counterfeiting of its products. Once the platform is live, users can use it to verify all their purchases by using the Seal application that will be available to free download across all major platforms. Manufacturing industry is on the cusp of a makeover – and Seal will definitely be in the forefront when it happens!
Website - https://seal.network/
Whitepaper - https://seal.network/seal-whitepaper.pdf
ANN - https://bitcointalk.org/index.php?topic=2929809.0
Telegram - https://t.me/sealnetwork
Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995