The Seal app allows anyone to check if a Seal-enabled product is genuine. A simple tap with the smartphone lets a person scan the Seal NFC chip, which is embedded in products, and shows you information about the product. The Seal chip, Seal app and the Seal Network provide authenticity and other services for products and brands. Here are used dynamic NFC chips instead of static QR-codes and RFID for better security and copy protection of the chips itself. By facilitating a secure tokenized version of a physical product, Seal allows product-specific services to operate such as transferring ownership, theft prevention, insurance, but also brand activation campaigns and product analytics. For the first time in history, brands can earn money from items sold through the secondhand trade, while simultaneously protecting their markets from counterfeiters, by leveraging blockchain technology.
– to create a more genuine world, out of love for creation.
– Primary Market Counterfeiting
– Secondary Market Counterfeiting
– Secondhand Market
– Midnight Shift
Today, many anti-counterfeiting methods exist. Some of these include watermarks, security threads, invisible ultra-violet inks, color-shifting inks, holograms, product numbering, fluorescent fiber, Moiré patterns, micro-print and many others. Anti-counterfeiting is an endless cat- and-mouse game between counterfeiters and security specialists. Inevitably, all offline authentication methods become compromised, as long as a sufficiently large financial motive exists. The aforementioned methods vary in sophistication. One problem is that specialized training is often required to appraise whether or not the more sophisticated anti-counterfeiting methods are violated. Consumers are still victims because they do not have the knowledge to distinguish genuine products from fakes.
Seal has developed a working version of the product. The Seal app is compatible with Android and iOS (iPhone 7 and up). Current features include authenticity checks, ownership transfers and inventory management. The product is scheduled to be downloadable in the Google Play Store and Apple App Store later this year.
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. After carefully inspecting the blockchain landscape we have chosen Ethereum to launch Seal. The following considerations were taken into account to come to this decision. Seal Tokens are used to pay for services by consumers and brands. The number of supported services will increase because the platform is immproved. The current version of the app already provides authenticity checks and ownership registration. The table to the right displays all the features we have currently developed or scheduled. In the future brands might be able to pay customers for certain activities (e.g. via a loyalty system).
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.
41% – Token sale
13% – Team and Advisors
7% – Influence
22% – Future Operations
17% – Future R&D