Seal: Blockchain Network For Services & Products

What is Seal?

Seal is the best way for anyone to check if a product is genuine or fake. Seal combines NFC chips, which are embedded into physical products, the Seal app, and the Seal Network to provide a fast, simple, and secure way to provide products authenticity and other services. 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. Seal lets brands earn money every time their products change owners. For the first time in history, brands can earn money from items sold through the secondhand trade, while simultaneously protecting their markets from counterfeiters. Using the power of the blockchain, authenticity can be checked and ownership can be transferred decades from now, even if the product itself is discontinued, as long as people contribute to the decentralized Seal network.

How does it work?

How does it work?

The Seal platform consists of several components, namely (i) products with an embedded Seal-chip that uniquely identify physical products (ii) the Seal-app installed on an NFC-compatible smartphone, (iii) the Seal-token which allows communication between the different parts of the platform and (iv) the Seal-network, an immutable blockchain database where each transaction is recorded and validated by its nodes.

Brands are the sole issuer of product-pairings on the blockchain. This way, brands can ensure exactly how many authentic copies are released. Disingenuous manufacturers are no longer able to produce imitations that can be passed off as authentic, because they cannot replicate the token.

MISSION

To create a more genuine world, out of love for creation.

Seal wants to bring back confidence to consumers and allow for brands to interact with their most heavily vested customers in the most direct way the internet has ever seen. Together, we build a better world in which consumers appreciate the creative work of makers and stop feeding the counterfeit economy.

IMPACTscope of the problemLoss of faith

People are losing faith in products because of counterfeiting. Low quality and dangerous products are being sold as genuine, disregarding the wellbeing and safety of others. Brands get a bad reputation because of counterfeited products and people are unable to sell their items on the secondary market. It gets more and more difficult for people to recognize counterfeits from the outside, but the quality of the products never lies.

Impact

$2.8 trillion worth of goods are being counterfeited every year. One out of five products made in China is a counterfeit. Not only clothes, shoes and bags are being counterfeited, but also airbags, airplane parts and medicine are being counterfeited. This is a huge problem for businesses, politics and people internationally.

out of love for creation

The world is full of creators: designers, scientist, programmers and makers. They dedicate their lives to bring us the best. Humbled by years of failure, driven by a dream they can’t let go, powered by force of will until one day it turns into brilliance.

It is the brand that seals it all, that connects us to the creators, captures the birth of culture, and fulfills us with originality, inspiration and quality.

But it’s an effort often overlooked trampled by an overload of fake and soulless products, making it seem normal to expect empty mediocrity in return. Now, let’s celebrate true creation, pay tributes to dedication, and enrich our lives with worthwhile brands.

PURPOSE

Buy with confidence

Be sure you get the product you expect. Recognize genuine products from fakes.

Fight counterfeiting

Make the world a safer and better place. Fight against the financial support of cartels and dangerous products.

Preserve value

Increase product value by adding supply-chain information and providing trust.

VISION

Master plan - Phase 1

Infrastructure of Authenticity Seal’s investments in the platform will lay the groundwork for the world’s infrastructure of authenticity. This infrastructure is the basis upon which a service ecosystem can be built upon. Perhaps most notably, it would provide a way for brands to gather data and perform geographic and time series analysis on product streams. This is a leap forward in the maturity of insight-driven organizations. Other services are not limited to the previously highlighted services. In the future, Seal may further expand its service offering, for example with special customs and law enforcement software.

Master plan - Phase 2

Convergence of E-Commerce & Retail Seal has both E-Commerce and Retail applications. In retail, Seal can become a no-checkout method to pay for genuine products. Simply scan, pay and walk away. In E-Commerce, verifying and claiming the ownership of products could occur even before the product is shipped, or listed on sites like eBay or Amazon. Should the seller fail to send the product, the new owner can lock the product by marking it as lost or stolen.

Master plan - Phase 3

Currency of Authenticity Seal establishes itself as the currency of authenticity. The currency is optimized for transacting consumer goods. Using Seal to pay for products while directly claiming ownership provides both buyer and seller a guaranteed exchange of goods. With regular FIAT transactions, there is no way to tell with certainty whether (a) the product is genuine and (b) physical money / banknotes are not counterfeited.

SEAL APP

Initial Product 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.

Current implemented features

Android and iOS compatible,Authenticity checks Ownership transfers Inventory management.

ICO Token Sale and Fund Distribution

Total ICO CAP of approx $33 million

The ICO presale has been confirmed for the 15th of April. The standard prices per token is 8 cents with various conservative bonus prices for early buyers.

The Team

The team has some very encouraging advisers and team members.

You can read more about the team on there website here. Seal Network team link

The two main team memebers are brothers Bart and Joris.

They have two advisers who work at or were involved with NXP semi conductors which shows how close their relationship is with the company they source their chips from.

I have asked many questions on their telegram and they have a stand out team member Michael De Blok who really goes out of his way to answer questions. If he doesn’t know the answer he gets back to you.

I have vetted the team to a high standard and I can find no issues or question marks. They have turned up at several blockchain conferences and many people I know have met them in person and talked to them and had good things to say.

The advisers are well known people and from decent brands.

Useful links:

Useful links:

Website https://seal.network
Bitcointalk https://bitcointalk.org/index.php?topic=2929809.0
Bounty program https://bitcointalk.org/index.php?topic=3217735
Telegram https://t.me/sealnetwork
Twitter https://twitter.com/seal_network
Facebook https://www.facebook.com/SEALnetworks
White Paper https://seal.network/seal-whitepaper.pdf

Bitcointalk Username: KidsJamanNow

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1308879