Sealchain SEAL to Zen Protocol ZP Exchange

Crypto Pair Details: SEAL to ZP

Sealchain SEAL

Seal is a blockchain powered product authentication and services platform which will provide consumers and manufacturers with product trust. Seal enables anyone the ability to confidently, quickly and economically verify the authenticity of any product which is Seal enabled. Seal is the best way for anyone to check if a product is genuine or fake. Seal combines NFC chips, which are embedded into physical products, the Seal app, and the Seal Network to provide a fast, simple, and secure way to provide products authenticity and other services. By facilitating a secure tokenized version of a physical product, Seal allows product-specific services to operate such as transferring ownership, theft prevention, insurance, but also brand activation campaigns and product analytics. Seal lets brands earn money every time their products change owners. For the first time in history, brands can earn money from items sold through the secondhand trade, while simultaneously protecting their markets from counterfeiters. Using the power of the blockchain, authenticity can be checked and ownership can be transferred decades from now, even if the product itself is discontinued, as long as people contribute to the decentralized Seal network. Seal Network is designed for adoption by brands. Its business model allows brands to charge fees for services. For the first time in history, brands can earn money from items sold through the secondhand trade, while simultaneously protecting their markets from counterfeiters. Every time products change hands, the brand earns a fee, turning their products into revenue streams. This offsets the costs of equipping the products with NFC-chips while providing a lucrative revenue stream where brand monetizes their authenticity. By using the power of the blockchain, authenticity can be checked and ownership can be transferred decades from now, even if the product itself is discontinued, as long as people contribute to the decentralized Seal network.

Zen Protocol ZP

Zen is a decentralized financial platform, built from scratch with the goal of providing people with a secure, scalable and useful infrastructure for creating their own financial instruments, and trading them directly without intermediaries.The Zen blockchain is secured by multiple proof-of-work algorithms, with token-holder voting on the balance between them. Multi-hash mining creates robust incentives for miners to deliver efficient, reliable security.Zen smart contracts are written and secured by a subset of the F* functional programming language, allowing users to: A) Prove the amount of resources a contract will consume and provide the necessary fees for running the contract to miners, removing the need for a “gas” based system.B) Prove their contracts meet a given specification, meaning they can prove the contract will definitely do (or not do) something given a specific set of parameters.The Zen platform comes with a built-in solution for oracles, which provide contracts with useful real world data.Finally, Zen is integrated with the Bitcoin blockchain, allowing contracts to observe and respond to native bitcoin transactions

SOURCE: COINGECKO

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