UNDERSTANDING SEAL AND THE IMPORTANT ROLE IT PLAYS IN CRYPTOCURRENCY.

SEAL

Seal is a blockchain powered product authentication and services platform which will provide consumers and manufacturers with product trust.Seal enables everybody to easily verify the authenticity of any product with a simple scan with any smartphone

Seal enables anyone the ability to:

Confidently,
Quickly, and
Economically… verify the authenticity of any product which is Seal enabled.
SEAL ENABLED?

The Seal proprietary technology utilizes NFC (Near-Field Communication) comparable Seal chips which can be:

Effectively,
Securely, and
Discretely incorporated with any physically manufactured product.
If we didn’t get that clear, the Seal chip can be incorporated with a purse, jean, tee, shoe, wristwatch etc… just name whatever product or brand you can think of.

Upon integration of the Seal chip, the product is paired with the digital counterpart on the blockchain. Verification of authenticity is instantaneous with a simple tap or scan with any smart device which means it comes handy and can be carried about

Understanding Seal And Its Role.

Seals are the best way for anyone to check whether a product is genuine or fake. Seals incorporate NFC chips, embedded into physical products, Seal applications, and Seal Networks to provide a fast, simple, and secure way to provide authenticity and other services. By facilitating a secure version of physical products, Seals enable product-specific services to operate such as ownership transfer, theft prevention, insurance, but also brand activation and product analysis campaigns.

Seals allow brands to earn money every time their products change owners. For the first time in history, brands can make money from goods sold through scrap trade, while protecting their markets from counterfeiters. Using the power of blockchain, authenticity can be examined and ownership can be transferred several decades from now, even if the product itself is stopped, as long as people contribute to the decentralized Seal network. Seals want to restore confidence to consumers and enable brands to interact with their most widely-delivered customers in the most direct way that the internet has ever seen. Together, we build a better world where consumers value the creative work of the maker and stop feeding the false economy.

Advantages as a token owner and how SEAL makes currency

So the query is, why should you wish to hold SEAL tokens?

If Token can sign-up even little to average business to create around three billion values of sales with their NFC chip installed, there’s massive value to the token owner. If they can sign up even one big brand the benefit of holding will be multiplied exponentially. This does not take into account speculator increase in value or other causes other presently the clean base math.

Example: Let’s use NIKE as an instance can include any brand or product in here. In realism the first target product will possibly be lot more high end than 300 USD but ultimately it’d make it into the middle range and even lesser range items, the charges on the high-level range items might be up but equivalent in scale. From the charges paid by the client, five percent of twenty-five percent (or 1.25 percent of the whole fee) will be bought by SEAL token and deleted or burnt. This is one of the methods the SEAL token can go-up in worth.

Let’s put the 1.25 percent to the analysis. Say NIKE sells ten million USD value of shoes and every shoe is valued around 300 USD. They take a fee for SEAL token of around 10 USD each shoe. That’d be approx 33,333 items, or 333,333 USD whole fees from clients. 250,000 USD (75 percent) is Retained by NIKE (2.5 percent income boost for them).
83,333 USD goes to seal project. That’d mean 4167 USD of SEAL token destroyed (or 5 percent to 25 percent) so 4167 USD destroyed each ten million USD of the item sold by Brands

SEAL TOKEN

The Seal token which plays a large role in this platform have the following advantages:

Its utility as it currently provides authenticity check and ownership registration which it plans to increase as the platform improves
It’s a currency of authenticity as it can be a medium of exchange. The Seal Token can be used to pay for products in addition to paying for services. Purchasing Seal enabled products necessitates token usage because transferring the ownership to the buyer and paying the seller should occur simultaneously
It is a decentralized app for brands as Seal will help brands to set up their own decentralized apps for their products on the Seal Network, each with their own logic and services attached to them.

THE SEAL TEAM

Executive Team…

Bart Verschoor (Chief Executive Officer, Founder)
Joris Verschoor (Chief Operating & Technical Officer, Founder)
Team…

Ilya Rool (VP/ Relations)
Michael de Blok (VP of Seal USA)
Yuri Scholte (Business Development Manager)
Alexandra Morava Pizarro (Blockchain/ Quantum Security Engineer)
Adil Haritah (Blockchain Engineer)
Kian Ghiri (Marketing Strategist/ Content Manager)
Desley Mooij (Marketing Manager/ Business Analyst)
Joël Happé (Blockchain Specialist)
Willem Nauta (Social Media Platform Manager)
Advisors…

Max Boom Sr
Cees Feel
Petri Kuivala
Caterina Moraga Pizarro
Esther Jacobs
Noah Boeken

for the following links:
WEB SITE || WHITEPAPER || FACEBOOK || TWITTER || TELEGRAM ||

For further info:

• Website: https://seal.network/
• Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=2929809.0
• Whitepaper: https://seal.network/seal-whitepaper.pdf
• Facebook: https://www.facebook.com/sealnetworks
• Twitter: https://twitter.com/seal_network
• Telegram: https://t.me/sealnetwork

Article written by
Obianodo Anenechukwu

Btt; https://bitcointalk.org/index.php?action=profile;u=2049253