Our Crypto-Tag™ does not run on battery. Once scanned by an NFC enabled mobile device, power is sent through the air and the Crypto-Tag™ will automatically authenticate the product.
The mobile application will be used by brands, retailers, and consumers to communicate with the Crypto-Tag™ and add additional data onto the blockchain.
Genuine data for each individual item and the journey through the supply chain will be permanently recorded on the Blockchain, allowing anyone to verify the authenticity of the products.
Rated on Sep 9, 2018
I think it's a brilliant idea to hack into the counterfeit market from China. The project shows the entire chain of product creation, which adds value to customers. I think the product has a great perspective in the fight against illegal goods and blockchain is a very important factor of trust in the system. I'll follow the project. I would like to get more information about the token economy.
Rated on Sep 12, 2018
Well, good ideas and concepts.
I also show respect for the team.
With this project attracting attention by ICO, manufacturers will announce participation all together.
Realistic setting of soft cap.
Whether this technology is truly implementable and what kind of financial plan will the project develop? If these two points are clarified, this ICO can be a huge success.
Rated on Sep 7, 2018
I like the tech in they have the right tech and business experience to deliver on this. I like the korean base as I am a big supporter of technology out of Korea. I have seen several companies with what I perceive as similar projects and one Envion I think has struggled with its raise so I am not sure of investor appetite for this product yet. The WP is lacking in some elements in use of funds, tokenomics, or is it a simple security with a equity return, this I think needs expansion. As a non US based investor, I would be reluctant to buy tokens in a Delaware crop and think that main market for this is probably US based investors . Overall I like it but more clarity needed on use of funds and nature of token
Rated on Aug 29, 2018
Good project and team.
Bonafi plans to monetize the Big Data. Bonafi Platform would generate a great deal of useful marketing data for advertisers and brands as more customers use the platform.
Rated on Sep 8, 2018
Very promising idea and concept! Havent seen same before. If it will be adopted by market, I cant see no other obstacles of using that. The only thing is why ICO? I would consider such project as VC though... Anyways ICO is still smth that works for cool teams. Bonafi has Roberto Medrano as an Adviser so they will definitely succeed :)
Rated on Sep 7, 2018
This is probably the most honest and straightforward project I've seen in a while. The idea is not new, however it is brilliantly put in stage by the concept. I see a lot of use cases here, my favorite being the luxury goods industry. Imagine going to a watches boutique and scanning a Longines watch with just your mobile phone, then seeing its background, such as date of manufacture, initial country it was sold to (distributor), etc. Not to mention discovering of it is indeed genuine.
I like the level of transparency in the whitepaper, I also like the soft cap is not a huge amount, so everything seems quite realistic and down to earth.
I am sure the team will be able to develop the product as promised. The challenge, in my opinion, will be finding customers that will be willing to add an extra stage in the production process by adding the rfid tag, then buy BONA tokens. With a food sales team and the proper marketing, they should be able to do it. Good luck!
Rated on Aug 28, 2018
Modified on Sep 7, 2018
An experienced team, advisors like Simon Cocking are ones who brings good credibility to the project. It is a strong team, and i had a chat with Steve Kuh one of the founders, great respect for him, he is very serious about his project and business, i call him the One Man Army, i see a good future for this ICO.
This project should be able to attract investors easily, cause it is legit and have big potential, since every business in the world, is in need to prevent fraudsters from deceiving their clients and that is where this product works well.
Very good guys, good luck.
Rated on Aug 31, 2018
Modified on Aug 31, 2018
A very prominent problem, solve by a very simple way with the help of BC technologies. There are already a few out there doing the same thing, such as Wabi for tracking of milk power and some other similar services.
A would not say it is a great vision, because this is not something revolutionary but then it does solve the problem and yes there is a problem. Sometime simple solution for an everyday problem works.
The thing is depending on the product, sometimes consumer may actually buy counterfeit knowing they are counterfeit.
1. Can the tag be counterfeit?
2. What if two tag are the same, or tag is use twice ? (this is where BC solution for double spending come in play I guess)
3. Does the mobile app requires users to dl a specific app to scan?
Decent team with good advisors in both Blockchain and supply chain. There is only one developer in team?
White paper, a little short, but for a simple project like this, I think it is pretty sufficient. This project is really a very simple project on the technical side, but getting the businesses to adapt the system is the more difficult part. So it depends on if the team already have connections with establish brands, electronic needing such services.
Road map avail
No hard cap stated
Not all product can be fit a tag.
No MVP yet >>> although I am not much worried because on the software side this is not too difficult, I actually want to see the tag, cause the quality and usability of tags might affect it adaptability
updated to reflect some of the answers given to my questions by the team
1. Can the tag be counterfeit? =>No. In the Exec Summary, it states Tag is cryptography enabled NFC tag. On pg 4 of the White Paper states that the tag is encrypted with public key cryptography. This makes the tag duplication impractical.
2. What if two tag are the same, or tag is use twice ? (this is where BC solution for double spending come in play I guess) => Each of our Crypto-Tag is unique. Because of its Crypto-Engine enabled in the tag, each tag is uniquely identifiable. This makes duplication of the tag impractical and impossible.
3. Does the mobile app requires users to do a specific app to scan? => Yes. White Paper, pg 5 describes the App. The Bonafi App would be the only App working on NFC capable mobile phone App that will work with the Bonafi Crypto-Tag.
Understood from the team that big data analytics is a key revenue generator.
Saw the video on the MVP, although i wander why icobench did not reflect that.
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TeamApply as an advisor
Founder & CTO
Chief Financial Consultant
Dr. B.M. Lee
Chief Technical Director/Korea
Chief Financial Consultant
Build The Team. Crypto Tag Development.
Mobile App Development & Demo.
Release Alpha Version. Social Media Marketing. Form Partnerships. Launch Pre-ICO.
Launch Regular ICO. Social Media Marketing. Form Partnerships.
Release Beta Version. Engage customers. Form Partnerships.