Seal
Seal is a blockchain powered product authentication and services platform which will provide consumers and manufacturers with product trust. **UPDATE - Seal raised 8.6M USD in ICO. Listing info has been released that they will be listed on HitBTC.. for more info - https://medium.com/sealnetwork/seal-will-be-listed-on-hitbtc-d27988f3035a
ICO Details
A maximum of 492m tokens will be distributed during the token sale. Unsold tokens will be distributed
proportionately to ALL Private Investors, Presale and Mainsale Buyers.
13% Team & Advisors
156m tokens will be used for rewards to the team, advisors, bounties and future staff members. This pool
is also used to attract senior executives. Tokens will vest every 6 months over a period of 3 years.
7% Influence
84m tokens will be used for lobbying, influencing, and other pr. Tokens will vest every 6 months over a
period of 3 years
22% Future Operations
264m tokens will be held by Seal. Tokens will be used for strategic relationships, business acquisitions,
institutional investors, other operations, architecture, execution of master plan phase 2 & phase 3, and in
case we require extra cashflow. Tokens vest every year over a period of 4 years.
17% Future R&D
204m tokens will be held by Seal. Tokens will be used for future R&D such as custom chip development,
inlay integration, development of a proprietary blockchain, bApp functionality, service extensions, analytics
platform, other R&D, and in case we require extra cashflow. Tokens vest every year over a period of 4 years.
Seal enables anyone the ability to confidently, quickly and economically verify the authenticity of any product which is Seal enabled. The Seal proprietary technology utilizes NFC compatible Seal chips which can be effectively, securely and discretely incorporated with any physically manufactured product. Upon integration of the Seal chip, the product is paired with the digital counterpart on the blockchain. Verification of authenticity is instantaneous with a simple tap or scan with any smart device.
The ultimate goal for Seal is to become the currency of authenticity, a currency optimized for the exchange of consumer products.
Current implemented features
• Android and iOS compatible
• Authenticity checks
• Ownership transfers
• Inventory management
Security features:
• Three AES 128-bit application keys featuring key versions
• Incremental NFC Counter, which counts each tap
• AES based dynamic CMAC as part of the NDEF data
• Three-pass mutual authentication
• Plain, CMACed and encrypted communication (configurable)
• Secure retrieval of NFC Counter (optional)
• Digital signatures & 3-pass mutual authentication
• Tamper-resistant secure hardware
In development:
• Theft-Prevention
• Track Parallel Trade
• Product Recalls
• Product Analytics
• Custom Integration
