WaBi Whitepaper

• 461 billion USD of imported fake goods in circulation globally.
• Regular authenticity and food safety scandals in China and fake pharmaceuticals in play around the world.
• Blockchain unable to solve the problem without a link between digital and physical assets.
• Linking digital and physical assets through RFID labels with anti-copy functionality. Consumers can authenticate the product through their phone.
• Selling consumer products (baby food, cosmetics, alcohol, pharmaceuticals, etc.) protected by our technology to consumers.
• WaBi Project – a blockchain-based loyalty programme to encourage and reward purchases in the Walimai safe channel, and to establish collective security hrough individual action Technology – already operational
• Mobile APPs are available for download from the Apple store, Google play, QQ store and Baidu app store.
• Secure RFID label with unique anti-reuse design. Market – tested as a pilot
• Very positive feedback from hundreds of clients regarding the safety of our products (link to the store is available at www.wacoin.io).
• Sales through 3 pilot O2O terminals at China’s baby stores started in September 2017.
• WaBi (蛙币) is a digital cryptocurrency which supports Walimai’s anticounterfeit system and is backed by sales of products protected by Walimaitechnology.
• Consumers around the world are able to purchase products protected by Walimai technology with WaBi (蛙币).

WaBI