SEAL: FIGHTING AGAINST COUNTERFEIT THROUGH BLOCKCHAIN

Have you ever had to throw away an item you bought with so much money because you discovered it is a total knock-off? That situation can be terribly annoying and saddening to the extent that even if you are offered the original product, you will still call it a fake because of past experience.

WHAT IS SEAL?
Seal is a blockchain powered product authentication & services platform which will provide customers and manufacturers with product trust. Seal enables anyone to verify the authenticity of their favorite products. 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. They are building a better world in which consumers appreciate the creative work of makers and stop feeding the counterfeit economy and its disastrous effects on the world. Seal is here to kick out counterfeiting through the development of a platform that combines two cutting edge technologies- Blockchain and Near-Field Communication(NFC).

THE COUNTERFEIT PROBLEM
Counterfeiting is fraudulent imitation of a product or service. It is the arbitrage of a products extrinsic value. The problem of counterfeiting is a wide spread one. It affects almost all existing markets. People who indulge in this act mostly target the lower class of the economy. Companies that suffer most frequently from the counterfeiters are registered in OECD countries such as Italy, United States, France, Japan etc. Notable brands like Nike, Gucci, Samsung, Apple Disney and many more suffer terribly from counterfeiters.

SEAL PLATFORM EXPLAINED
●The Seal Chip is embedded in physical products to identify them and validate their authenticity.
● The Seal App, which anyone can install on a NFC-compatible smartphone.
● The Seal Token (SEAL) is the medium of exchange between the different parts of the platform.
● The Seal Network is an immutable blockchain database, the nodes of which record and validate all transactions involving products containing the Seal Chip.
HOW WILL SEAL SOLVE THE PROBLEM OF COUNTERFEITING

1. Easy Verification: Seal makes it easy for anyone with a smart fone to recognize a fake or original product through a tap on their smartphone.
   2.Remove financial incentive: Since making money is what drives counterfeits, in order to reduce it, seal will embed chips that are authenticated on a blockchain using the seal platform.
2. Online Authentication: This will be done through a dynamic chip that changes state each time you interact with it preventing fraudsters from passing off the chip as real. Every time an attempt is made to verify it, the data changes.
3. Incentivize Adoption : To disrupt counterfeits, leading brands have to adopt seal. This will thus increase their profit as they will stop paying huge amounts for brand protection and legal action against counterfeiters.
   IMPORTANCE/ BENEFITS OF SEAL
   1.Seal let's brands earn money every time their products change owners.
4. Seal allows product specific services to operate such as transferring ownership, insurance and theft prevention.
   3.Seal let's you check the authenticity of a product just by the tap on a smartphone.
5. Seal is bringing back confidence to customers and allows brands to interact with their most heavily vested customers in the most direct way the internet has ever seen.
6. Increases profit for brands as they cut cost of brand protection services and legal actions against counterfeiters.
   
   TOKEN AND ICO DETAILS
   Total Cap of 1.2billion Seal tokens
   Currency :-Ethereum
   Token Type :-Erc20 based
   Ico price :- 1eth = 7000 seal tokens.
   Token Distribution
   Soft cap :- 33000000 seal tokens (This has already been reached)
   Hard cap :- 492000000 seal tokens
   Presale :- 384000000 tokens
   Main sale :- 108000000 tokens
   THE TEAM
   
   ADVISORS
   

To contact the team directly or if you might want to make further research please use this links
Website :-https://seal.network
Whitepaper :-https://seal.network/seal-whitepaper.pdf
Telegram :-https://t.me/sealnetwork
Bounty link :-https://bitcointalk.org/index.php?topic=3217735.0
ANN thread:-https://bitcointalk.org/index.php?topic=2929809.0
Writer : e4ourma
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1819701
Bitcointalk username :johnyjay