SIMPLYBRAND - ICO REVIEW

simplyBrand - None Counterfeiting Platform for E-Commerce

 

Review

simplyBrand aims to ascertain a platform with inbuilt AI model and machine learning technology to spot counterfeits. Crowd-sourced participants are incentivized to help in substantiating the unrecognizable things throughout the full method. the knowledge of the counterfeiters can then be printed on the blockchain, that is changeless and all public for everyone to scan. additionally, 2 major functions are discharged on the means and can end in a lot of parties connection the platform to complete the goal of evolving the platform into a self-governed scheme. By combining these latest technologies, and conjointly planning mechanisms to manipulate the platform by itself, our answer would be able to solve this drawback at a bigger scale and high effectiveness.

simplyBrand can produce an answer to the present drawback by establishing a platform with a inbuilt AI model and machine learning technology to spot counterfeits. Crowd-sourced participants are incentivized to help in substantiating the unrecognizable things, whereas the knowledge of the counterfeiters are printed on the blockchain, that is changeless and public for everyone to scan. additionally, 2 major functions are discharged on the means which can end in a lot of parties connection the platform to complete the goal of the platform evolving into a self-governed scheme. By combining these latest technologies with new mechanisms to manipulate the platform by itself, our answer is ready to unravel this drawback effectively on an outsized scale.

The simplyBrand’s slogan : “Because each purchase matters”

Because all shoppers recognize that each purchase matter, simplyBrand aims to assist them on their pursue trust by swing AN finish to counterfeiting. simplyBrand understood the facility of Blockchain and managed to mix it to AI and crowdsourcing so as to launch a replacement kind of service serving to shoppers and firms to fight their worst nightmare.

Business Construct

Renowned brands can request protection service from the simplyBrand platform then reciprocally SimplyBrand can receive service fees and merchandise gratuities. These free product then used on the scheme as gifts to the reporters. This business construct is sort of straightforward and quite realistic. we are going to learn independent agency token construct in details within the following paragraph:

• Crowdsource participants (or users) area unit needed to stake their independent agency tokens (or have a precise range of SBAs within the platform wallet) before they will report faux e-commerce product.

• If users may send a legitimate report, users then rewarded with independent agency. Conversely, if users abuse the system, the independent agency token in their notecase area unit burned.

• These reports area unit wont to train computer science.

• The trademark owner company can request protection on the platform and supply service fees to simplyBrand. Besides that, they conjointly provide their product as gifts to the marketplace.

• Users will then use independent agency tokens to shop for branded product within the marketplace or sell their independent agency tokens on the exchange.

Therefore, with the mutualist collaboration and also the rise of token demand thanks to staking, shopping for product within the marketplace, and mistreatment complete protection services, the economic activity can mechanically be created thanks to the independent agency tokens on the platform. This dynamic is termed tokenomics.

simplyBrand Ecosystem

The scheme of Simply-Brand intends to supply an answer to the difficulty of the movement of pretend things that area unit glowingly harmful; they're going to develop a complicated scheme that lets uses moreover as producers to stay faraway from counterfeiting. Out there is also many different complete protection systems, thus what makes Simply-Brand scheme a lot of diff?

The technology of block-chain has become extraordinarily noted in recent time, as proven by the many technical school and economy that have started applying Block. BTC is that the terribly initial app from Block technical school, the presence of BTC makes block technical school a lot of wide familiar. Vitalik along with his arrange regarding ETH capable to spice up the block chain's capability to do not simply generate crypto assets; however conjointly decentralised apps and good agreements is completed together with merely complete which can apply this innovation from Buterin.

The technology of Block chain may be a new technique to store data or databases that area unit overtly distributed that cannot modification, digitally recorded data packaged  in blocks. the complete this knowledge is hold on in connected knowledge blocks as strings that area unit encrypted. This scheme makes it attainable to create certain that every one the knowledge within the block chain cannot be corrupted and still cannot be modified in any means.

The use of block technical school in Simply-Brand Ecosystem’s effort to eradicate the movement of pretend things has become terribly superb on behalf of me. The block construct is so developed to be ready of decentralization which means that there’s not middle center as a political candidate to distribute a trade, however the society itself broadly speaking. The Simply-Brand scheme can apply block technical school to publish information regarding traders of pretend things. shoppers let contributory in providing information regarding faux things on the platform, things marked with counterfeit tags can become stores on the blacklist scheme, which can be printed on the block subsequently.

The consumer can receive independent agency quality if the data given is valid. In diff words, all of them work put together to eradicate faux things in movement, hoping that consumers can recognize {the things|the things} they’ve to buy and save from the loss of buying faux items.

More Info

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Author

Bitcointalk Profile : maniabireta

ETH Address : 0x0a897Df7C706b134E19c7ea2D835FF765842B395

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