DEVERY — Platform to verify theonline Products

Februari 10, 2018

DEVERY — Platform to verify theonline Products

DISCLAIMER: I’m neither a licensed financial advisor nor an attorney. This analysis is not intended as investment or legal advice. It is for reference only. It will not help you to “lambo” or “moon” or whatever the kids are calling unhinged speculation these days. It should help you to supplement your own analysis of a project’s commercial viability.

People were facing some problems while buying things from the digital market. The problems such as the products were not authentic or real. So there is a need of a platform which offers verified and authentic products in the electronic market and businesses need a platform where they can trademark their brand and their laws and rules will respected globally.

So, Devery allows suppliers to prove the authenticity of their products by using the block chain technology. By using this platform suppliers can store their products on block chain by tag their products with unique identiﬁers. Products are verified by using Devery Mobile Application. The advantages of this process are it protects the legitimacy of brand and products of certain suppliers and it offers the customers that the purchased product is authentic and verified.

In return of this advantage DeveryProtocol will improve transparency and legitimacy in the E- market. For verification process the Devery requires the EVE token and these Eve tokens spent to create unique identiﬁers for each product and store them on the blockchain.

How it works:The devery application is a web and mobile application which is available for consumers to verify the products.It is a brand marking platform which enforces the products throughout the blockchain.It specifies the API-keys to create QR, NFC & Number tags from Devery. Suppliers have to purchase Devery tokens to verify their products using the brand’s API keys on the Devery platform.

The devery protocol will give a key using Ethereum wallet address. This key will be used to pay transaction costs on Devery supplier codes which will then printed onan NFC chip, label or QR code.this code will be entered into the devery web or devery mobile application. The products which are stored on the block chain will directly proportional to the EVE tokens bur API keys will be given by the Devery platform. By this process products will be verified and businesses will make their products legitimate. By this process non real products or businesses will remain far from the customers and all changes will be recorded on the block chain.

Suppliers will enter their products in the devery website which shows that the supplier sold the trusted goods. Consumers who buy the goods online can verify the products by using this platformwith transaction costs being paid for via the retailer

Devery Block chain:Devery is integrated with the network to support the Ethereum ecosystem as Ethereum is the most well supported crypto currency. This platform has three main components which are consumer web application, organization interface and manufacturer interface.

Transactions on block chain is very expensive due to its broad nature so the Devery platform made its own block chain blockchain integrating into the Ethereum blockchain. There is large, lower value markings will occur on the Devery’s block chain with a single transaction on the Ethereum blockchain by allowing its integration into the Ethereum block chain.

Marketcap & Token Supply

When comparing EVE with WTC, VEN and WABI you can see that it’s token supply is in the same range as WABI and WTC (approximately 100 million). VEN has a huge supply of tokens but also seems to be shifting focus away from product verification.

Devery token (EVE) crowdsale will start on the 18th of January, 2018 & the team recently announced that they will be implementing the PICOPS KYC protocol for quick and efficient KYC processing.The crowd sale has a cap at $10 million USD (including the presale).