Warrantoken is a smart contract platform automating and securing proof of purchase on the blockchain in order to eliminate billions in fraud and save trillions in customer service costs while making the warranty process easier and faster for customers. Warrantoken is developed with partner company UNIVEC, INC., a leading E-commerce company with over 2.5 trillion dollars processed using their E-commerce protocols globally for NASA, the Department of Defence, and The World Bank for more than 25 years. UNIVEC, INC. has offices internationally across Europe, Asia, and the Americas, with a large blockchain development team based at 1 Rockefeller Plaza, New York. Existing Warranty and customer support platforms result in over US $400+ billion in annual consumer fraud, US $7.5+ Trillion in customer service costs, and 82% of customers experiencing slow, complicated customer service leading them to leave a brand. With Warrantoken, businesses can register products with warranties on the blockchain for free, print a QR code into the physical or digital packaging of the product, and let their customers scan the codes with the Warrantoken mobile app to activate their warranty.Platform
|Price||1 ETH = 1400 WTK|
|ICO Start Date||05 May 2018|
|ICO End Date||01 Jan 2019|
The Warrantoken protocol ("protocol") is a suite of software designed to automate and secure the product warranty process on the Ethereum Blockchain. The protocol, based on publicly and cryptographically verifiable proof of purchase and proof of ownership, allows manufacturers, brands, retailers and any other party to create warranties any products, services or digital goods sold, issued and traded online. Item ownership information is stored on the Ethereum network and can be queried to Authenticate the user and prove ownership. Item data is stored off-chain to reduce costs. The next major update to Warrantoken is a scheduled upgrade to a standalone blockchain platform in order to improve efficiency and make the system free or nearly free for businesses to register items. Warrantoken v2 will use the same smart contract code.
The protocol is the base layer of the Warrantoken ecosystem. It is used by brands to create warranties for their products, which can be represented with a QR code and included in any packaging, physical or digital. It is used by customers, including many first time users of digital tokens, who download the Mobile application and other clients to activate their product warranties.
A customer rewards and general purpose token, WTK, is an additional layer on the protocol which rewards users, introduces consumers to cryptographically secured digital assets, promotes the Warrantoken mobile app and protocol and allows for general purposes token transactions via the wallet on the main screen of the Warrantoken mobile app.
|Price in ICO||1 ETH = 1400 WTK|