A renowned cryptocurrency service platform, Cobinhood has declared its exclusive association with e-commerce verification platform simplyBrand. Cobinhood, which helps the users to maximize returns on the cryptocurrency investment, aims to provide support and advice the launch of company’s initial coin offering (ICO).
SBA, the ICO token will be utilized to reward crowdsource participants and enforcement agencies that help in the manual verification and consensus decision process. It (SBA) can also be utilized to buy the brand privileged item on the platform or be traded on other exchanges. The association between Cobinhood and simplyBrand will give the effort to fight fake or counterfeit transactions within e-commerce platforms. The joint effort will make digital commerce more trustworthy.
The e-commerce verification platform, simplyBrand will further utilize of AI and blockchain service to embed improved identification and verification processes into every transaction, whereas the general public can access the information of the infringing parties to be published on the blockchain’s ‘blacklist.’ The published information will help the users checking new barriers for counterfeit retailers.
The CEO and founder of simplyBrand, Kaufman Chang said that the association with enable the individuals to work together for strengthening the e-commerce community. Both the companies are trying to empower society to tightly hold online shopping and create a better experience for one another, as reported by Cision PR Newswire.
“We know that this will start with blockchain as it creates the transparency needed when visiting a digital checkout counter with no employees to be found. With Cobinhood’s backing and strong expertise in building a blockchain based community, we will be able to bring about necessary change,” Chang further opined.
On the other hand, according to Crowdfund Insider, the ICO tokens powered by cryptocurrency service platform will be listed on the Cobinhood zero-fee exchange after their token sale process preventing low liquidity. Alternatively, the token private sale of the e-commerce verification service provider simplyBrand finally commenced on October 16.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]