Hello guys, in this article I will present you an analysis of a pretty exciting ICO, called Seal Network , based on a few criteria.

So, what is Seal?

Seal is a blockchain powered product authentication and services platform. Basically, Seal aims to enable anyone the ability to confidently, quickly and economically verify the authenticity of a product that is Seal enabled, and to claim / transfer the ownership of it using the Seal app.

The technology behind Seal is the usage of NFC chips, which upon integration link the product with its digital counterpart on the blockchain.

This is done with a simple tap or scan with any smart device through the Seal app. So basically, you just scan a product and let Seal do the rest of the work for you!

IDEA

Seal aims to disrupt a counterfeiting industry that's worth about 1 trilion USD, by combining NFC chips and blockchain. I think this is a great use case for blockchain technology that could help drastically reduce the huge amount of counterfeiting products that currently exist.

Grade: 5/5

TOKEN METRICS

Overview

Summary

The hard cap is decent considering the size of the counterfeiting industry, the bonus is not that high, so it is unlikely to dump after listing on exchanges and what I like the most is that the team has their tokens locked for the first year and after that, gradually vested over a period of 3 years. This states that they are here for the long term and really want to make the project succeed.

Grade: 4/5

ROADMAP

They have a technical roadmap, which is mainly focused on product development, but they will also have their own blockchain and potentially master nodes coming later on (2020-2021). They also have a corporate roadmap full of partnership releases and marketing, which could definitely create a lot of hype around the project.

Overall, the roadmaps are long term orientated and full of good releases, which could lead to a gradual increase in token price over time.

Grade: 4,5/5

TEAM

Team members

Advisors

They have a super-star team with very good experience in big companies like Dell, Microsoft, Nokia or Deloitte, but most importantly NXP, which is the biggest NFC chips provider worldwide! Their advisory board really stands out with having the former VP & managing director and the chief information security officer of NXP joining them, which could really make a difference in this industry and turn out to be a valuable competitive advantage.

The team is also participating to various blockchain conferences and is very active on Telegram, which shows that they care about the investors and listen to their opinions.

Grade: 5/5

PROTOTYPE

Seal is not just an idea, it already has a working product, and only needs to focus on acquiring customers. They already have a deal with a well known Italian vineyard named "Gualdo del Re" with many more to come.

A video explaining how Seal works can be found below:

