S4FE IN THE MAKING -The Story of S4FE, News about our Altcoin, Updates from the Cryptocurrency World
Hey Everybody!
We have News! ⏰🚨
S4FE IN THE MAKING IS LIVE.
S4FE is the next generation in protecting personal and intellectual property and preventing global crime.
It is a global network in the form of a decentralized, block-chain based search engine application for physical objects. Similar to a search engine on the Internet, users can register and search for entries. The difference is that in the S4FE network the entries that can be registered and searched are physical objects. Objects are registered by their individual identification features, e.g. serial or IMEI numbers or other individual characteristics. These unique features are used to digitally store objects on the blockchain, thus connecting the real world with the digital world, with S4FE being the pivot point. Thus, objects that previously could only be verified in the physical world can now be digitally verified — anywhere and anytime. What makes the S4FE network unique is that objects are registered in connection with their ownership status, which signals to all network participants the actual ownership status of the object, i.e. whether an object is in legal possession, or whether it has been lost or stolen. This opens up completely new possibilities of verification that were not available before. By using the S4FE app, users can immediately check in real-time whether an object has been lost or stolen, e.g. when they intend to buy an object or find one. Theft, fencing and counterfeiting are global problems that are enhanced by the fact that the ownership status and authenticity of objects is rarely identifiable or verifiable. Therefore, stolen, lost and counterfeit items cannot be identified as such, which in turn makes them marketable. In addition, buyers have no way to verify the authenticity of a product and law enforcement agencies lack technologies to check objects in practical ways, e.g. at airports, border crossings or simple traffic checks. Therefore, the risk of being caught with a stolen or counterfeit item is minimal. This fact will not change as long as this verifiability is not provided. S4FE provides this verifiability, thus eliminates the marketability of stolen or counterfeit objects: because they are easily identifiable, lose their value and the risk of fencing stolen objects and the counterfeit crime itself increases dramatically. Increased risk on the one hand, and decreased value on the other, make this form of crime unattractive.
