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REVIEW: DEVERY ICO PROJECT - Product Verification Protocol

Автор: Libra Experts

Загружено: 2018-01-01

Просмотров: 6307

Описание: Devery

The Devery platform allows suppliers and consumers to prove the authenticity of their products online before purchase, essentially removing the need for ‘trust’ in e-commerce. It aims to protect brands and consumers from counterfeiting using blockchain powered product verification by providing unique, verifiable identifiers to each product throughout the supply chain.

Use cases include online product verification, digital signing and physical signing.
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What problem is Devery trying to solve?

It is trying to merely focus on the e-commerce and the especially the risk of non excisting trust. The purchaser is required to trust that goods online. That is why counterfeit goods account for a significant (and growing) portionof the e-commerce market. Trust is a huge factor in the e-commerce sector, which Devery is trying to improve and even negate the trust issue. Product theft, especially of high value items is very common. However, what surprises many is that they have to guard against theft from outside and inside. Specifically, theft by staff is a major problem that all retailers contend with. As this Time article reports, retail theft in the US amounts to $50 billion a year and also further predicted frauds in ecommerce.
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Potential

The e-commerce industry accounts in 2017 for a ~2 trillion dollar market.

And the global e-commerce market is predicted to reach an estimate of 4 trillion dollar in the next 3-4 years. These numbers alone are showing a very nice long term potential in this market sector.

https://devery.io/

Notes:
In my point of view, there is risk investing in this ICO. I am going to pass this ICO.

This is my personal opinion, I am not giving biased recommendations. I am not a financial adviser. Discuss with your advisers before investing in ICOs.

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REVIEW: DEVERY ICO PROJECT - Product Verification Protocol

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