In 2008, 6 babies died and 54,000 babies were hospitalized due to a food safety incident in China. There are cases and reports of adulteration in alcohol related products in China. There are apparently 461 billion dollars of imported fake goods in circulation globally.
WaBi looks to solve this problem with their product which can easily be put to use with your smartphone.
What is WaBi?
WaBi Project is a blockchain-based loyalty programme to encourage and reward purchases in the Walimai safe channel, and to establish collective security through individual action.
WaBi is a digital cryptocurrency which supports Walimai’s anticounterfeit system and is backed by sales of products protected by Walimai technology. Consumers around the world are able to purchase products protected by Walimai technology with WaBi.
In 2018, WaBi plans to have partnerships with producers and distributors of baby food and alcohol products and adjusting Walimai technology for pharmaceutical products. 2018 and 2019 would be important for WaBi's success.
Source:
https://en.wikipedia.org/wiki/2008_Chinese_milk_scandal
https://resources.wacoin.io/WaBI_Whitepaper_ENG.pdf
If implemented successfully on a large scale, this could be one of the most important and interesting projects out there!
