Silver Scott Mines, Inc to Introduce TRUSTnft
Silver Scott Mines (OTC Pink:SILS) announces the development of TRUSTnft Network, a centralized blockchain platform designed to combat fraud and protect high-end goods manufacturers from counterfeit and stolen products. The platform will allow luxury goods manufacturers to upload inventory data, with purchasing consumers receiving TRUSTnft certificates to verify product authenticity. The system will also facilitate legitimate resale by maintaining product provenance through NFT records. The platform aims to address billions in losses from counterfeiting and theft in the luxury goods market. The project is currently in development with website and blockchain infrastructure being built, with launch expected in several months.
Silver Scott Mines (OTC Pink:SILS) annuncia lo sviluppo di TRUSTnft Network, una piattaforma blockchain centralizzata progettata per combattere le frodi e proteggere i produttori di beni di lusso da prodotti contraffatti e rubati. La piattaforma consentirà ai produttori di beni di lusso di caricare i dati dell'inventario, con i consumatori che effettuano acquisti che riceveranno certificati TRUSTnft per verificare l'autenticità del prodotto. Il sistema faciliterà anche la rivendita legittima mantenendo la provenienza del prodotto attraverso registri NFT. La piattaforma mira a affrontare miliardi di perdite dovute a contraffazione e furto nel mercato dei beni di lusso. Il progetto è attualmente in fase di sviluppo con il sito web e l'infrastruttura blockchain in costruzione, con un lancio previsto tra alcuni mesi.
Silver Scott Mines (OTC Pink:SILS) anuncia el desarrollo de TRUSTnft Network, una plataforma blockchain centralizada diseñada para combatir el fraude y proteger a los fabricantes de bienes de lujo de productos falsificados y robados. La plataforma permitirá a los fabricantes de bienes de lujo cargar datos de inventario, mientras que los consumidores compradores recibirán certificados TRUSTnft para verificar la autenticidad del producto. El sistema también facilitará la reventa legítima al mantener la procedencia del producto a través de registros NFT. La plataforma tiene como objetivo abordar miles de millones en pérdidas debido a la falsificación y el robo en el mercado de bienes de lujo. El proyecto está actualmente en desarrollo con el sitio web y la infraestructura blockchain en construcción, con un lanzamiento esperado en varios meses.
실버 스콧 마인즈(OTC Pink:SILS)는 고급 제품 제조업체를 위조 및 도난된 제품으로부터 보호하기 위해 설계된 중앙 집중식 블록체인 플랫폼인 TRUSTnft Network의 개발을 발표했습니다. 이 플랫폼은 고급 제품 제조업체가 재고 데이터를 업로드할 수 있게 하며, 구매하는 소비자는 제품의 진품을 인증하기 위해 TRUSTnft 인증서를 받습니다. 이 시스템은 NFT 기록을 통해 제품의 출처를 유지함으로써 합법적인 재판매를 촉진합니다. 이 플랫폼은 고급 제품 시장에서 위조와 도난으로 인한 수십억 달러의 손실 문제를 해결하는 것을 목표로 하고 있습니다. 프로젝트는 현재 웹사이트와 블록체인 인프라가 구축되고 있으며, 몇 개월 내에 출시될 예정입니다.
Silver Scott Mines (OTC Pink:SILS) annonce le développement de TRUSTnft Network, une plateforme blockchain centralisée conçue pour lutter contre la fraude et protéger les fabricants de produits de luxe contre les contrefaçons et les produits volés. La plateforme permettra aux fabricants de produits de luxe de télécharger des données d'inventaire, les consommateurs acheteurs recevant des certificats TRUSTnft pour vérifier l'authenticité du produit. Le système facilitera également la revente légitime en maintenant la provenance des produits grâce aux enregistrements NFT. La plateforme vise à traiter des milliards de pertes dues à la contrefaçon et au vol sur le marché des produits de luxe. Le projet est actuellement en développement avec la création du site web et de l'infrastructure blockchain, et le lancement est prévu dans plusieurs mois.
Silver Scott Mines (OTC Pink:SILS) kündigt die Entwicklung von TRUSTnft Network an, einer zentralisierten Blockchain-Plattform, die entwickelt wurde, um Betrug zu bekämpfen und Hersteller von Luxusgütern vor gefälschten und gestohlenen Produkten zu schützen. Die Plattform ermöglicht es Herstellern von Luxusgütern, Bestandsdaten hochzuladen, während kaufende Verbraucher TRUSTnft-Zertifikate erhalten, um die Echtheit des Produkts zu überprüfen. Das System erleichtert auch den legitimen Wiederverkauf, indem es die Herkunft des Produkts durch NFT-Aufzeichnungen beibehält. Die Plattform zielt darauf ab, Milliardenverluste durch Fälschungen und Diebstahl im Luxusgütermarkt zu bekämpfen. Das Projekt befindet sich derzeit in der Entwicklung, die Website und die Blockchain-Infrastruktur werden aufgebaut, und der Launch wird in den kommenden Monaten erwartet.
- Development of new blockchain-based anti-fraud platform for luxury goods
- Potential new revenue stream from luxury goods manufacturers
- Addresses a billion-dollar market problem in luxury goods authentication
- Platform still several months away from launch
- No current revenue generation from the project
- No confirmed partnerships with luxury brands mentioned
Company to Develop Unique Platform for Fraud Protection
FRANKLIN, NJ / ACCESSWIRE / November 8, 2024 / Silver Scott Mines, Inc., (OTC Pink:SILS) - a diversifying holding company, is pleased to announce that it will be developing the TRUSTnft Network to help high end goods manufacturers with fraud and stolen goods protection.
As knock off product manufacturers continue to produce better quality and more accurate fake goods, luxury manufacturers are losing billions of dollars in sales and consumers are unwittingly buying these products from either unscrupulous sellers or worse, from legitimate sellers who are being duped themselves. In addition to counterfeiting, there are organized rings of thieves who are stealing product while it is in transit. These are legitimate goods that now make their way into the marketplace either through the grey market or secondary market means. The TRUSTnft will work to mitigate losses by creating a trusted means for consumers to know if the product they are receiving is legitimate.
The TRUSTnft platform will be a centralized blockchain application. The luxury goods manufacturer will be able to upload inventory as it is sold into the network with purchasing consumers receiving their TRUSTnft with their purchase. This will guarantee the authenticity of the item and remove any doubts in the consumer's mind that what they are purchasing is authentic merchandise. The benefit to the consumer with TRUSTnft is that they can use it to resell the goods, should the need arise, without worrying about producing a paper trail as it will be resident within the NFT itself. The new purchaser information will be added, and the luxury good seller will know that their product was sold to another party should there be a question of provenance.
Stuart Fine, CEO of Silver Scott Mines and TRUSTnft stated, "I've been working closely with a blockchain company to develop several different potential projects. This idea came about after reading about a major theft of goods from a rail car. My thinking is that if thieves have no market for their stolen merchandise, it may reduce overall losses for seller companies."
The anticipated launch of TRUSTnft is still several months away. We are currently building the website and the blockchain to provide the necessary initial services for this project.
About Silver Scott Mines, Inc.
Silver Scott Mines, Inc.isa holding company with several digital assets currently being held. The company is adding healthcare technology, consumer products, and clean technology to its growing base of operations. Learn more at www.silverscottmines.com
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, Inc. are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.
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Contact Information
Stuart Fine
CEO
stuartfine@silverscottmines.com
908-356-9852
SOURCE: Silver Scott Mines Inc
View the original press release on accesswire.com
FAQ
What is the TRUSTnft Network being developed by Silver Scott Mines (SILS)?
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