Ugochukwu Okwara
@officialyougi
Ugochukwu Okwara
@officialyougi
Product Manager & Business Dev..
GOD ➕️ SKILL.
Product Manager & Business Dev..
GOD ➕️ SKILL.
Enugu, Nigeria
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THE PROBLEM Last year, Sandra aged 25 bought some cosmetic products from a reputable Brand. The total cost was about $125. After using the product for about 2 days, her face started reacting to that product. By the end of the week she was admitted to the hospital. She blamed the Brand and they denied. On deeper investigation the product was found out to be fake but the damage had already been done to the brand's reputation and to sandra's face. The brand had to part with $800,000 in compensation. Businesses, Enterprises and Brands that sell products to their clientele like beauty products, cosmetics, high-end pharmaceuticals, fashion apparel and accessories etc have always struggled to maintain the reputation of their brand due to product plaigarism i.e Fake products and also legal issues and settlement cases they've had to suffer due to these issues. They've lost customers/clients because there's lack of trust in the Brand's authenticity. Health wise, customers (especially in the beauty industry )have suffered. Most brands lose millions yearly in revenue due to the existence of fake products. Bad actors have gotten smarter and ruthless at their craft. THE SOLUTION - how people can use it. Trustscan is the answer to product plaigarism(fake products). It enables customers and clients verify the authenticity of their products by scanning before purchase using secure authentication tags Onchain. This solves a plethora of problems for the Brands like ; prevents loss in revenue for them. (African brands lose $3B yearly due to counterfeiting) Upholds customer/client trust in the brand which is very important The health and well-being of their clients is preserved (in beauty and pharmaceutical products). Trustscan leverages the immutability of blockchain tech. When the customers or clients tap(scan) the product through the chips, it prompts up the product details and proof of verification on the user's screen. USERS It is built for both the brands and clients. like: Fashion Brands Beauty brands cosmetic Brands Luxury Beverages and spirits -High end pharmaceuticals and many more. The clients of these brands by using Trustscan, can easily verify the authenticity of products produced by these brands with the tap of their mobile phone.