Describe the company
Group Project uses blockchain technology to authenticate goods in the supply chain, protecting brands and consumers from counterfeit goods. We integrate the mobile App, crypto-enabled NFC digital tag, and blockchain technology provide authentication of a product: is it the real thing or is it a counterfeit?
The NFC serves as a digital tag that will calculate Hashes, store data, and perform crypto-security checks in real time over the cloud forming a decentralized public ledger. The mobile App will translate the data and authenticate the goods to the end-user.
The company is preparing for an ICO (www.GroupProjct.io) in May 2018 – with a soft cap of 1,000 Ethereum Coins.
How are you different?
Unlike many companies who’ve raised money via an ICO and delayed the launch of their projects, our technology and its implementation is currently U.S. Patent Pending, and the prototype is in full development. We will have a fully functioning authentication system by the end of this year.
In addition, we will are developing a mobile App that will be charged by the GRUP Tokens to power the authentication system for the end-user.
Counterfeit goods is a $1 trillion industry ?… Just the fashion industry alone is almost $500 billion. Who wants to join us in this fight against the counterfeit industry? #fightthegoodfight #itsabouttogodownhttps://t.co/ykX9wLd9Rh pic.twitter.com/3xTLCGLJpb
— Group Project (@GroupProject_io) February 19, 2018
Why will you do well?
Currently, the counterfeit market steals about $500 Billion / year from major brands like Nike, Adidas, Louis Vuitton, Chanel, and Apple. If you include the smaller brands, it’s estimated that there’s over $1.7 Trillion worth of counterfeit goods circulating around the world.
There have been temporary solutions in the past that has not slowed down the counterfeit market. We believe our unique solution will protect the manufacturers, distributors, retailers, and consumers in one fell swoop while suffocating those illegal businesses.
Where are you based?
Los Angeles, CA
When was the company launched?
The company officially launched January 2018.
What have been your biggest wins to date?
Among other things the addition of David Drake, Chairman of LDJ Cayman Funds to the board of advisors.
Who are you trying to attract to your product?
We are trying to attract all brands, small and big because they all suffer from the same problem. Our first major target is Chanel, Nike, Johnson & Johnson, Pfizer.
What tips would you give to others looking to build their business?
Build a good team. And forget about sleep, you can sleep once you die =)
Tell us about your team?
Steve Kuh – Founder, CTO and Interim-CEO, having 20+ years as CEO of an IT company.
Abraham Kim – Chief Marketing Officer, having 11+ years as PR and digital marketing.
Craig Clayton – CFO, having 30+ years as CFO/CEO in medical and finance field.
Daniel Kuh – Director of Design, phone Apps and digital art
David Drake – Advisor, Chairman of LDJ Cayman Funds
Simon Cocking – Advisor, Editor CryptoCoin.News and Irish Tech News
Lora Alexander – SEC and FINRA Lawyer, 15 years
What are your plans for the future?
To raise funds through ICO in 12 weeks. Pre-Sale in 10 weeks. Have our product ready for the market by the end of 2018.
What are your favourite tech gadgets?
The digital gas lighter for a Bar-B-Que (USB Charged)
What tech gadgets do you wish you could use to help you?
Here are the relevant Links: