Devery.io – a Blockchain Powered, Open-Source, Product Verification Protocol
Devery.io are developing the Devery Protocol, aiming to provide a decentralized verification platform enabling the marking and tracking of items over the Ethereum blockchain.
The global Ecommerce market is worth trillions of dollars and Devery.io have identified that one of the major issues related to ecommerce is trust, with consumers simply having to trust that the items they are being sold are as described, whether that be size or even that the item itself is genuine.
Counterfeit goods account for billions of dollars in lost revenue to companies per year. Through their innovative protocol and application, Devery can ensure that customers receive the goods they are promised. Businesses can mark their products with unique identifiers stored and distributed via EVE tokens to verify products across their entire supply chain, helping them to maintain their brand and products. Retailers and consumers can also verify their products and their authenticity with the token’s unique markers.
Devery’s goal is to provide the de facto product verification standard for use online.
Devery CrowdSale and EVE Tokens
Devery will be launching their crowdsale on January 12, 2018, and it will run through February 10, 2018, or until the hard cap ($10 million) has been reached. All tokens will be distributed a week after the conclusion of the sale with all unsold tokens to be destroyed.
There is a total supply of 100 million EVE tokens, to be distributed as follows:
- 60% in the crowdsale
- 20% held in Devery reserves
- 15% allocated for founders and advisors
- 5% held for future contributors to the project
Devery’s Q4 target for 2017 has already been met with the release of the Devery Protocol alpha alongside their initial token presale, which began on December 14, 2017. Devery’s presale surpassed its target $2 million and now currently sits at $3.6 million.
In 2018 the company plans to have exchange listings, onboard partnerships, and trial customers using their software in Q1 with an expected release of their v1.0 of the Devery Protocol expected to be released in Q3. Their focus into 2019 and beyond will be on expanding their partnerships and assisting with the development of verification applications tailored for specific markets.
Andrew Rasheed is Devery’s Founder and Product Lead, he comes from a software engineering background, both for web and blockchain. He has previously developed Ethstall and Coinwatch Touchbar, an application for cryptocurrency price tracking on the MacBook Pro’s OSX Touchbar.
Antoine Najjarin, a lawyer with experience working in commercial firms and the Australian state government, helms Partnership and Strategy.
Chironjit Das, Devery’s Community and Finance Lead is a certified accountant with experience in various industries, experience working for one of the largest retailers in the world.
Blaise Kuong, a former software engineer at NASA/JPL is Devery’s software engineer working alongside Charlies Liu whose background is in AI and Machine Learning. Liu will also act as researcher following his work as a researcher in China’s Silicon Valley, Shenzhen.
How will Devery’s platform benefit industries that rely on supply chain tracking? Let us know what you think in the comments below.
Images courtesy of Devery.io.