Bonafi Blockchain Company
About Bonafi Blockchain Company
Our Crypto-Tag™ does not run on battery. Once scanned by an NFC enabled mobile device, power is sent through the air and the Crypto-Tag™ will automatically authenticate the product.
The mobile application will be used by brands, retailers, and consumers to communicate with the Crypto-Tag™ and add additional data onto the blockchain.
Genuine data for each individual item and the journey through the supply chain will be permanently recorded on the Blockchain, allowing anyone to verify the authenticity of the products.
Bonafi token economy:
1) The Crypto-Tags would be sold to manufacturers. It costs USD$ 0.20 to make each at production quantities. We plan to sell it at USD$ 0.95 each with a basic features. Bonafi may build other types of tags that contain additional features such as temperature log, GPS location log, and real-time data transmission, and etc.
2)The BONA Tokens are to be spent on the phone App. Each scan of the Crypto-Tag requires $0.10, as an example, worth of the token. Customers would receive them from the manufacturers through Rewards. The BONA Tokens are also purchased by manufacturers to use as Rewards as they engage the customers through Bonafi App, participating in the Bonafi Reward system. As users engage more with the manufacturers on the Bonafi App with product registration and User Feedback, manufacturers are motivated to reward and encourage their customers with BONA Tokens. Each spent tokens are burnt,and Bonafi plans to mint new tokens on annual basis to maintain the supply and demand.
3) Bonafi plans to monetize the Big Data. Bonafi Platform would generate a great deal of useful marketing data for advertisers and brands as more customers use the platform. The customers who register will be given an option to participate and monetize through the Rewards. The personal information would be left with the phone and be not recorded on the blockchain. Only the opt-in data such as demographics, geography location, purchase preference and etc are recorded. Consumers will also have the option to register products and/or leave user reviews. All these information will be gathered as the Big Data over time, and would be collected through the Bonafi App and blockchain.
Additionally, here is a recent YouTube Review on Bonafi: https://www.youtube.com/watch?reload=9&v=0B0GxiSnkww