What is TTCHAIN?
TTChain is a blockchain powered product authentication and services platform which will provide consumers and manufacturers with product trust.
TTChain enables anyone the ability to confidently, quickly and economically verify the authenticity of any product which is TTChain enabled.
The TTChain proprietary technology utilizes NFC compatible TTChain chips which can be effectively, securely and discretely incorporated with any physically manufactured product. Upon integration of the TTChain chip, the product is paired with the digital counterpart on the blockchain. Verification of authenticity is instantaneous with a simple tap or scan with any smart device.
How does it work?
The TTChain platform consists of several components, namely (i) products with an embedded TTChain-chip that uniquely identify physical products (ii) the TTChain-app installed on an NFC-compatible smartphone, (iii) the TTChain-token which allows communication between the different parts of the platform and (iv) the TTChain-network, an immutable blockchain database where each transaction is recorded and validated by its nodes.
Brands are the sole issuer of product-pairings on the blockchain. This way, brands can ensure exactly how many authentic copies are released. Disingenuous manufacturers are no longer able to produce imitations that can be passed off as authentic, because they cannot replicate the token.
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