Group Project (GRUP) ICO

updated 01 January 2018

Fighting Counterfeits Using Blockchain

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Status: ended
Public sale: 30 Apr`18-30 May`18
Cap: No info
Goal: No info
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Group Project

About Group Project

Blockchain technology is well known for its use in cryptocurrency. However, there are other properties of the blockchain technology that can be used to mitigate counterfeited goods. It could be used to authenticate items. The questions it answers are: “Who is the manufacturer?” “Who is authorized to sell it?” “When was it produced?” “Is the store an authorized reseller?”

Problem: About $500 billion/year counterfeit goods are marketed in the world.
Solution: A blockchain technology to make it easy to know who the real manufacturer is.

Problem: People carry needlessly too many IDs and Credit Cards in their wallets. Fear of losing essential items.
Solution: Use Blockchain technology to create one identity that allows wallets with no more driver’s license ID, no more bank or credit card plastics, and no more membership IDs. No more need to carry multiple cards or IDs.

Problem: Over 1.2 Billion people travel internationally around the world, and bags do get lost.

Solution: Blockchain technology ensures that the travel bags are identified - who owns it, email address, phone numbers, identity info (as much as the owner wishes to reveal).

Warning to Potential Investors: Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This information has not been approved as a financial promotion, and you must carry out your own due diligence.

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