simplyBrand : Blockchain Anti-Counterfeiting Technology

August 26, 2019 184

To empower people and end counterfeiting on E-commerce, we will involve everyone on the internet and combine the strength of blockchain.\

To empower people and end counterfeiting on E-commerce, we will involve everyone on the internet and combine the strength of blockchain and AI to create trust in online shopping.

simplyBrand Ecosystem

Combining the power of blockchain, AI, and crowd sourcing to end online counterfeiting once and for all.

AI Technology & Machine Learning

With simplyBrand’s established AI and machine learning technology, our platform will effectively acquire new data and verify counterfeit product information, resulting in a more efficient way to fight counterfeits online.

Blockchain Technology

Leveraging the immutable and distributed features of blockchain technology, simplyBrand will publish the blacklist on the blockchain and effectively reduce the actions of counterfeit retailers by increasing their cost of business and creating new barriers to their continued operations.

Framework

Brands will use the simplyBrand platform to request brand-protection services.Human Layer will directly report counterfeit products, or work with the AI to verify the authenticity of E-commerce products. Human layer would consist of crowd source participants and third-party service providers who do the enforcement job.
The simplyBrand platform will combine AI, human ingenuity and blockchain technology which will be used to create an immutable “blacklist” of counterfeit product.The SBA tokens within the blockchain will incentivize human layer to utilize the simplyBrand platform.

SBA Token

Human layer will receive tokens as rewards and can either use them to purchase brand privileged items on simplyBrand platform or sell them on exchange.
Brands can buy tokens from exchange, and purchase brand-protection services on simplyBrand platform.

* Kindly note that by making use of the Xnews platform,you agree to our Disclaimer & TOU and are aware of the fact that the platform does NOT give investment advice. It is prudent to do your own research.

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Published on August 26, 2019 by Admin
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