Seal Bounty

Seal Bounty

BitcoinTalk Name: petes ireng

BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1255738

telegram Name: @petesireng111


Seal is a blockchain powered product authentication and services platform. Basically, Seal aims to enable anyone the ability to confidently, quickly and economically verify the authenticity of a product that is Seal enabled, and to claim / transfer the ownership of it using the Seal app.

The technology behind Seal is the usage of NFC chips, which upon integration link the product with its digital counterpart on the blockchain.

This is done with a simple tap or scan with any smart device through the Seal app. So basically, you just scan a product and let Seal do the rest of the work for you!

IDEA

Seal aims to disrupt a counterfeiting industry that's worth about 1 trilion USD, by combining NFC chips and blockchain. I think this is a great use case for blockchain technology that could help drastically reduce the huge amount of counterfeiting products that currently exist.

Grade: 5/5

TOKEN METRICS

Overview


Summary


The hard cap is decent considering the size of the counterfeiting industry, the bonus is not that high, so it is unlikely to dump after listing on exchanges and what I like the most is that the team has their tokens lockedfor the first year and after that, gradually vested over a period of 3 years. This states that they are here for the long term and really want to make the project succeed.

Grade: 4/5

ROADMAP



They have a technical roadmap, which is mainly focused on product development, but they will also have their own blockchain and potentially master nodes coming later on (2020-2021). They also have a corporate roadmap full of partnership releases and marketing, which could definitely create a lot of hype around the project.

Overall, the roadmaps are long term orientated and full of good releases, which could lead to a gradual increase in token price over time.

Grade: 4,5/5

TEAM

Team members


Advisors


They have a super-star team with very good experience in big companies like Dell, Microsoft, Nokia or Deloitte, but most importantly NXP, which is the biggest NFC chips provider worldwide! Their advisory board really stands out with having the former VP & managing director and the chief information security officer of NXP joining them, which could really make a difference in this industry and turn out to be a valuable competitive advantage.

The team is also participating to various blockchain conferences and is very active on Telegram, which shows that they care about the investors and listen to their opinions.

Grade: 5/5

PROTOTYPE

Seal is not just an idea, it already has a working product, and only needs to focus on acquiring customers. They already have a deal with a well known Italian vineyard named "Gualdo del Re" with many more to come.

A video explaining how Seal works can be found below:


Grade: 5/5

TOKEN UTILITY

The SEAL token is mainly used to verify the authenticity of a product and to register / transfer the ownership of it using blockchain. This could also help preventing theft, tracking parallel trades on the secondary market or making specific product analysys.

A very important thing to consider is that Seal will constantly burn 5% of the fees it receives from brands, which is very likely to increase the token price.

Grade: 5/5

COMPETITION

There is a lot of competition in this space, with the likes of VeChain, Walton, Wabi or Origin Trail, but they operate in different niches / areas, so I see a lot of potential for Seal to take over a big part of the market share, especially in Europe and US. They have numerous advantages over its competitors, but the main one is the usage of NFC chips instead of RFID, which are way more secure against hacks and also have a longer lifetime cycle.

Grade: 3,5/5

HYPE

The Telegram channel has about 13.000 users and their Twitter has around 500 followers, which is decent, considering that the pre-ico has not even started yet. Their presence on other social media channels is also starting to get better and I assume by the time the ICO will start, there will be quite a big hype around the project.

Grade: 3,5/5

Overall conclusion

Seal is one of the best ICO's so far in 2018 and I think it has huge potential to disrupt the conterfeiting industry! The only downside is that there is a lot of competition currently in this space, but I have faith that the team is capable of delivering on their promises and I am sure the partnerships that will be signed will take this project to another level!

Final grade: 4,43/5 (very good)


With that being said, I consider Seal network to be a low risk / high rewardproject.

The pre-ico will start on 15.04.2018 and will last 4 weeks, followed by the ICO for another 2 weeks. A token listing on exchanges is planned to happen soon after the ICO ends. They have also started a bounty programrecently, so this might be a good opportunity to get involved in the project if you think it's worth it.

As always, please make sure you do your own research before investing in any ICO / token and if you liked the article, don't forget to up-vote / comment / re-steem it and check my other ICO reviews as well.

Thank you.

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