Seal Network ICO Review - Blockchain Solution for Product Authentification

Idea and possible use cases

The vision of Seal Network is to implement NFC chips into products in order to be able to check if a product is genuine or fake. But with the NFC chip inside the product we also bring a lot more possibilities for example it can effect the second hand market and producers can be involved in the trade by giving them a share of second hand trade revenues. In this case the Seal token would also contain the information of ownership on the blockchain. In a very broad perspective this could be a trigger to reduce number of thefts, when products contain the information of ownership. Also in the car market it is very useful to know the history of ownership before investing in a car and also having the history of repair/maintenance. To summarize, Seal Network aims to give you confidence about products, preserve their value and to fight imitations and counterfeits.
In order to do so, the user needs to access to the information on the seal blockchain and the best way to do so is bringing out the Seal Application for Smartphones, which are NFC-enabled. But nowadays, every new smartphone can deal with NFC, so the technology we need on the user side is already widely spread and all one needs to do is to download the application and connect to the database of Seal.
On the other side, we need the producers to implement NFC chips in their products with the required informations. There are two very good reasons for companies in doing so. First, companies spend a lot of money in fighting counterfeits and securing their trademark. Using Seal Network will help them for this purposes. Second, as mentioned above, producers can earn for a product over the whole product lifecycle, when they are involved in the revenues of the second hand market, since every trade of that product can be registered on blockchain and producers also get very valuable insights in how long the average customer is using their product and how many subsequent purchasers a product has.

Comparison to other Projects

When people hear NFC chips, they start to compare Seal Network with VeChain and Waltonchain and say either Seal Network has a bright future because the other two projects became very big or they say it has a though future since it has two very big competitors. But I will try to explain you why these comparisons are not considerate. VeChain focuses on the B2B aspect and the supply chain between OEMs, suppliers and subsuppliers. Whereas Waltonchain has shown applications in retal using RFID(!). They are using a different technology in a different use case. So in my opinion there is no need to be too worried.

Token metrics

Softcap: 33,000,000 tokens (already reached)
Hardcap: 492,000,000 tokens
ICO stage: 92,735,085 SEAL tokens sold
Crowdsale date: started on 13.05.2018 and the main sale will end on 27.05.2018
Token Split:

Symbol: SEAL, ERC20-Token but the whitepaper says Seal Network might migrate to ERC223 standard depending on the third-party support
Token price: 1 SEAL = 0.08 USD

Conclusion

I personally see a lot of potential here. The team found a very good usecase, has the right and more importantly realistic vision for the technology we need and I already had the opportunity to attend an AMA with the CEO of Seal Network in a discord group and I was exceedingly impressed how he was aware of the competitors and also of the technology. He convinced me that this project is well-prepared for everything and I believe this might bring great value for real world problems.

Further Information

Below there are some links you should look at when I was able to gain your attention on this project. You are also free to ask any questions here if something was not creal and I will try to answer you.
Author by: Ayin2206
https://bitcointalk.org/index.php?action=profile;u=1053430

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