Helsinki, FI – Soma, which stands for social industry, is a new blockchain dependent system that launched an ICO to tackle fraudulent sellers on classifieds platforms this sort of as Ebay, Amazon and Alibaba. The rise of sales of counterfeit goods has become a big worldwide difficulty, believed to achieve $2.3 trillion by 2022, practically a 25% enhance from 2015.

“Counterfeits and ripoffs are a big difficulty throughout on the internet marketplaces,” mentioned co-founder Joseph al Sharif, “There is no way to monitor the background of an merchandise, examine its authenticity, or certify wherever it arrived from. Soma aims to modify all of that.

Soma‘s Interactive Merchandise Card (IIC), will be a digital representation of each and every bodily merchandise stated on their blockchain system, within just the Soma Community. It will incorporate details about the ownership data, the situation of the bodily merchandise, the genuineness of the merchandise and the price background. The IIC will accumulate social worth inside of the Soma Community via distinct social interactions from the end users, which may perhaps be mirrored in the worth of the bodily merchandise.

“Imagine a upcoming when you know the authenticity of models like Gucci or Chanel, the security of your meals or prescription medicines, or the belief rating of a human being providing you any merchandise,” claims co-founder Jukka. By reinforcing belief and transparency on the blockchain, the Soma social market aims to revolutionize the way we obtain and market things on the internet.

Soma think their Interactive Merchandise Card could ultimately be applied in all transactions as an different to wearisome receipts and certifications of authenticity. “The Soma IIC good deal could become the conventional for commerce, likely past on the internet marketplaces to the issue of buy,” claims advisor David Passiak, author of Empower: How to Cocreate the Potential. “Never stress about dropping a receipt once more mainly because it is all on the blockchain.”

David Passiak and sharing economic system author Chelsea Rustrum will host a webinar on Monday October 23 to go over Soma and the upcoming of marketplaces. To indicator-up for the webinar, indicator up listed here. To take part in the Soma token sale ending October 26, go to Soma.co/ICO.

Comply with Soma’s Token Sale: https://soma.co/token-sale/

Comply with Soma on Facebook: https://www.facebook.com/socialmarketapp/

Comply with Soma on Twitter: @SomaToken

For more details or interview requests:

Emie-Claude Lamoureux

[email protected]

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