We Are the Truth Behind the Product
With our technology end consumers can easily verify the authenticity of a product by scanning it with their smartphone. Brands and clubs can place digital content on their merchandise products and turn them into a communication channel.
We are the Truth Behind the Product
Transparency Through Technology
Almost three trillion dollars (OECD) worth of goods are being counterfeited every year and customers are increasingly facing the risk of buying fake products instead of authentic ones. This unfortunate reality causes customers to lose confidence in brands and makes it nearly impossible for them to sell their items on the secondary market.
collectID solves this problem for both brands and customers by combining blockchain and IoT technology, providing a secure product authentication ecosystem.
The Technology
Products get equipped with secure collectID NFC tags which provide a unique, secure message that changes with each interaction, which makes it impossible to duplicate the tag.
This creates a dynamically encrypted and unique identity for each product. This identity is then assigned to its owner, tokenized, and stored on the blockchain. Thanks to the immutability of the blockchain, the collectID ecosystem is a truly tamper-proof solution that removes the financial incentives and scalability of selling counterfeit products.
With collectID There is Even More
Brands can place their messages directly on the product and increase customer engagement by extending the shopping experience. For the first time in history, brands earn money from secondary trading.
Additionally, they receive detailed data and analytics about resale markets and their customers. In other words, brands turn their products into a communication and sales channel, all while guaranteeing the authenticity of their products.
Patented Technology
collectID patented technology offers a unique combination of NFC tags and blockchain to deliver the first fully secure product authenticity ecosystem.
How Users Interact with the collectID Ecosystem
Users can check the authenticity of a product with a simple tap with of smartphone and register ownership via the collectID app.
Products appear in users’ personal blockchain-backed wallets where they can build up their own collection. This makes theft prevention and insurance processing cost-efficient and easy. Additionally, users can safely transfer ownership of an item via the collectID app.
FAQ
In this section, you will find answers to frequently asked questions about our technology. Didn’t find the answer you were looking for in the FAQ?
What does collectID do?
collectID is a product authentication ecosystem allowing users to easily authenticate and trade products by simply tapping their smartphone on the item. By combining blockchain technology and NFC hardware, collectID fights the problem of counterfeiting. Thus, collectID reinforces consumer confidence in brands and retailers while simultaneously creating a new, secure resale market
What is blockchain and how does it work?
A blockchain is a data structure that is designed to maintain a digital ledger of transactions. The software that manages a blockchain works by distributing copies of this ledger to every computer running the software, creating a decentralized network of machines that all hold the same exact transaction history. When an entry is added to the ledger on one machine, every other machine participating in the network must update their ledger to match the changes. It can be thought of, more familiarly, as an extra secure database with the added benefits of transparency and decentralization. This is how we store the details of your portfolio so that, by virtue of some clever cryptography, only you have the credentials to transfer the ownership of your collectibles. Blockchain technology ensures that the collectID product ecosystem is as secure as technically possible.
How can I access the collectID ecosystem and its features?
Download our collectID app from App Store or Google Play and create a personal profile
In what products can I find the collectID NFC tags?
At the moment, the collectID NFC tags can be found on selected sneaker brands, high-end watches, wine labels and sports merchandise
Does collectID work worldwide?
Yes! Only an internet connection is required for full functionality
What happens with my data when I delete my collectID account?
Your user account and all associated data will be deleted from our database. The blockchain wallet will persist, but all connections between the wallet and your user account will be deleted. The products in your portfolio will be deleted from our database.
What does NFC stand for and how does it work?
NFC stands for Near Field Communication. It is a technology that enables a wireless connection between battery-free, passive tags with a reading device such as a smartphone.
Award Winning Startup
collectID brings a change to the market
Join the change and digitalize your product with us.
