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SEAL NETWORK : A Blockchain Based Product Verification and Services Network

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Introduction

Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.

About 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.
At Seal their aim to link brands and users while aspiring to stimulate the product and protection of worthwhile items. Seal network envisions a universe in which real product is valued. For the community to prevent the pollution of cheating, a clean solution is required.

Why is Seal unique?

NFC Chip:

Seal use NFC chips over static QR codes & RFID tags. NFC chip has three layers of 128 AES encryption and further safeguards. NXP is the inventor of the worldwide leader in the production of CHIPS. It owns an over 80 percent market share in the worldwide smart devices transit market. The chips Seal network use are impossible to track in present day computing. Their dynamic Chips changes state every single time it interacts, updating the right key on the blockchain, causing a noticeable temper on the product.

Stopping theft

Next issue Seal solve is theft. When purchasing goods, it does not always know it the person selling it's the real owner. Let's say you wish to purchase an exact product and you meet with the people in the query. His name is John. You can track the product and rapidly figure-out something is crooked and decide not to purchase it.

In the case of lost items, the holder can flag the product as lost using the Seal app. She or He can enter a custom MSG that'll be shown the next time the item is scanned. This text could be requested to return the item to its holders. If a product of yours got stolen, you could spot it as stolen in the app.

Incentivizing the adoption

They've made a way to monetize creations on the second-hand market. The second-hand market is a centrepiece of their proposition and is in fact, a lot of ambiguous and much more prone to scammer than the first market. Seal has the most potential set of functions and services for this field.

The currency of legitimacy

Their entire systems trust on STEAL tokens. With each deal, a piece is destroyed, making scarcity during adoption and demand boost. Seal aims to be the currency legitimacy. The money is optimized for trading consumer products. Applying tokens to pay for goods while directly claiming ownership gives both seller and buyer a guaranteed exchange of items.

RoadMap

Token sale and ICO

Token Cap A maximum of 1.2b tokens will be created 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.

KYC and AML are required prior to buying tokens. Buyers need to provide their details and the address that will be used to send Ether from. If tokens in the presale round remain unsold, they will be offered in the main sale. Offered tokens that remain unsold after the main sale will be distributed proportionately to ALL token sale participants.
Example: a Buyer purchases 3.69m Seal tokens during mainsail, 123m (25%) of tokens remain unsold. Buyer receives 1.23m [ (3.69 / (492-123)) x 123 ] additional tokens for a total of 4.92m tokens.

Actual prices will be in Ether and will be available on the website, along with the bonus structure. Prices will be in Ether instead of dollars to reduce exposure to ETH-USD volatility.