WaBi Coin Review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of WaBi Coin consists of three chapters: origin, technology and pros & cons.
While looking for the best crypto coins to invest in, don’t forget WaBi coin. WaBi is a new electronic cryptocurrency. Walimai backs this cryptocurrency. Walimai has an anti-counterfeit system. Accordingly, the Walimai technology protects the products included. Thus, the interested buyers can buy Walimai protected products using WaBi coins.
Walimai started in 2014, but it took two years to commercialize it (until 2016). Based in China, it is the brain child of two people: Alex Busarov and Yaz Belinskiy.
The birth of Walimai and WaBi resulted after a counterfeit and imitated product-channeling and sale in China. The result of this counterfeit scandal was one of the worst ever food and pharmaceutical scams, which resulted in consumer damage and mistrust.
Walimai has come up with a potential solution. It has electronically protected everyday consumer products like milk powder, pharmaceutical products, makeup, alcohol, etc. The label of the electronic tag is RFID (radio frequency identification).
You stick the RFID labels to the products. Consumers can check the authenticity of the product by scanning that label by using an application. The label has the following information on it:
- Background storage
Each product has a unique RFID label. Also, the labels sync continuously with Walimai servers to avoid forgery. Moreover, the antennas contained in the label make it impossible to move it to another product. It can thus be safely said that RFID labels are designed perfectly to catch all scams and avoid imitation activities.
WaBi is the blockchain loyalty program linked with Walimai. The application is available on Apple store, Google play, QQ shop and Baidu shop.
- Safety of trades: the counterfeit technology has opened up newer chapters of consumer safeguard.
- Positive feedback: many clients have given a positive feedback about the security guaranteed.
- Cost differentiation: the earlier issue of distributor hyped arbitrage of the products is well addressed by WaBi technology.
- Quality insurance: the RFID labels ensure quality, service and credibility of the product.
- Cost effectiveness: the cost effectiveness, while maintaining equality between physical and digital assets, has yet to be chalked out.
- Only High-end product safety: the digital ledger has only maintained the safety of expensive products till now. But, the scan has been quite expensive.
If you have concluded that this is the coin for you, congratulations! Good luck! Buy WaBi Coin here.