Providing Immutable Authenticity, Ownership Tracking & Royalty Payments in Commerce
Providing Immutable Authenticity, Ownership Tracking & Royalty Payments in Commerce
A Beed™ can be any type of identifier, whether it be a QR or bar code, NFC chip, numbered piece of art, serial number or one-of-a-kind item. The Beed™ affixes to the item and is permanently tracked in the blockchain ledger. This process is patented.
SGI then creates a custom auction site for you where your items are listed for sale. You set the fees and the royalty rates. This auction site can stand alone or integrate with your existing website or shopping site. SGI owns the patents behind royalty payments on physical goods.
Using SGI's patented royalty payments system, you can earn a cut any time the authenticated memorabilia or product you create changes hands: when one customer sells or trades your product to another customer, you receive a royalty payment, whether it’s the first time or the hundredth time. And with some goods, each customer in the chain can earn a royalty payment too, encouraging both buying early and trading often. The recipient of these royalties can be individuals, charities, businesses and trusts.
SGI builds an app that features your products and allows for customers to check for authenticity and ownership history. This provides peace of mind that their purchases came directly from you.
Using the Augmented Reality technology in the app, customers can see authentic items come to life using any mobile device. Non-authentic items or items with a broken chain of custody will not register in the app. SGI owns patents behind Augmented Reality.
Using Ledger View, customers can track ownership, autographs, modifications, pricing and transactions all directly from the blockchain ledger. This patented tech sets Beed™ apart from the competition.
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