Solving the intransparent problem in the second-hand market through NFC chip technology.

To solve the intransparent problems in the second-hand market, GUHADA is using the NFC chips. On GUHADA platform, the NFC chips are inserted to the products that are sold on the GUHADA platform and the entire distribution record of the products (related information prior to the ownership) will be traceable. Accordingly, in the case of purchasing new or second-hand products on GUHADA platform, the information regarding authenticity, purchase path, previous owners, etc. can be verified through the blockchain.

Transparently sharing the resale information using the NFC chip technology.

In the case of resale of the products on GUHADA platform, much-needed information about the product, such as the price at the point of purchase, purchase date, distribution records, etc. can all be accurately checked through the NFC chip. This system creates trust between the vendors/sellers and the buyers, and the vendor/seller is unable to provide false information to the consumers.

For example, if a consumer “A” purchased the luxury fashion bag from a company “L” on GUHADA platform, and decides to resale the luxury fashion bag on GUHADA platform, the bag will have the NFC chip already inserted, meaning that the consumers are able to find the details of the price at the point of the previous sale, purchase date, authenticity, and distribution records, conveniently. Because of this, consumers will be able to trust the vendors and purchase the products safely.