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Devery ICO Review : A blockchain powered, open-source, product verification protocol

About Devery


The Devery platform allows suppliers and consumers to prove the authenticity of their products online before purchase, essentially removing the need for ‘trust’ in e-commerce. It aims to protect brands and consumers from counterfeiting using blockchain powered product verification by providing unique, verifiable identifiers to each product throughout the supply chain.

As a business, you can only ensure produce is authentic through finding trusted suppliers.
Devery allows organisations selling products via e-commerce to ensure their supply chain is secure.
This prevents counterfeits and ensures supply agreements are honoured.

The Protocol is the base layer of the Devery ecosystem. It can be used to build application level verification services and can be integrated with any existing e-commerce stores, applications or services. This fosters a competitive market of third-party verification services for specialty commercial markets, such as the clothing and apparel industry, technology, food markets, raw materials, education and other digitally sold goods and services.

Devery is the brainchild of Andrew Rasheed, a Software Engineer(Web & Blockchain) who in the past has been associated with many famous crypto projects such as Ethstall and Coinwatch Touchbar. Similarly, Chironjit Das is the ‘Community and Finance’ manager. He is a certified Accountant, and has had a lot of prior experience in the retail industry. Lastly, Antoine Najjarin is the company’s ‘Partnerships & Strategy Lawyer’.

Basic Information 

ICO Period Presale December 10, 2017, main sale January 21, 2018
Token Symbol EVE
Total Tokens in Circulation At ICO 60 Million EVE
Token Standard ERC-20
Price
 1 USD = 6 EVE
Soft cap
 None
Hard cap
 10 Million USD
Country
Singapore
Token Purchase ETH, BTC, Credit Card
Website https://devery.io/

Benefits Of Using Devery

Other key aspects of Devery include:

(1) Protection against Counterfeit items:

Due to the fact that there are large incentives provided to customers to make use of this platform, it helps minimize any issues related to counterfeit products (because it eliminates the possibility of any obtaining bonuses.)

(2)Secure Distribution:

There are many safety mechanisms in place, in case a supplier does not honor the terms of distribution that had been set up previously. When such an issue comes up, items can be marked as illegitimate, thereby ensuring the brand value of the organization remains unaffected.

(3) Supply Chain Transparency:

One of the biggest advantages of Devery is the option to provide users with the location of their products throughout the supply chain.

Devery Protocol and Ecosystem

The underlying Devery Protocol will enable developers to easily create verification applications  without a thorough understanding of the blockchain. The Devery Protocol will abstract the complexities of interacting with smart contracts by deploying pre-developed smart contracts for an improved developer experience. The end result is an ecosystem of verification applications that communicate and interact with each other through the Devery Protocol.

How Can Customers Benefit From This Software?

Basically put, Devery serves a means of verifying whether the item that a person has purchased online is authentic or not (even before it is shipped out). As a direct result of this, people no longer have to put their trust into a retailer or organization. Through the use of Devery, consumers have the capacity to check an item’s validity before making any payment.

So What Is EVE Token?

EVE token is the native token of the Devery platform. It is used to power the Devery verification platform which allows organisations to power the verification of products.

Token Sale

Devery will be selling 60,000,000 EVE tokens (out of a total of 100,000,000) for a raise of
$10,000,000 USD. The pre-sale commences on the 14th of December and it will require a
20 Ethereum minimum contribution. The presale provides a 5% bonus. The crowd-sale
will commence on the 12th of January 2018, and will end either when the cap is reached
or on 10 February 2018. All tokens will be distributed 1 week after the conclusion of the
sale. Any unsold tokens will be burned.

When EVE Token Distribution ?

devery.io

How it Works

Devery provides the toolset to allow companies to build commercial verification applications on top of our protocol, fueled by our native EVE token.
We have released our alpha protocol on testnet. You can view this via our Github. At the conclusion of the crowdsale, EVE will be usable within the protocol.

Brands

Brands purchase EVE token and specify the amount of API key markings required.

In Development

Manufacturer

Manufacturers mark the product with the code provided by the brand using the Devery platform.

In Development

Retailers

Retailers verify the products to display available verfied stock on their storefront.

In Development

Consumer

Customers log onto the application and input the code marked on the product in order to identify it’s authenticity. (Demo not connected to blockchain)

Roadmap

Q4 2017:Complete – Release of Devery Protocol alpha
First iteration of the Devery protocol will be released.
Q4 2017: Token sale commences
Token sale will be conducted.
Q1 2018: Exchange listing
Exchange listings will be made.
Q1 – 2 2018: Onboard partners and trial customers
Trial software with prexisting and new partnerships.
Q 3 2018: Release v1.0 of the Devery Protocol.
Version 1.0 of the protocol is slated to be released at this date.
2019+ : Expand into more partnerships and assist with the development of verification
applications for specific markets.

Team Behind Devery

devery team

Andrew Rasheed – Product and Operations Andrew founded Devery through his own experiences within the ecommerce space. He is a software engineer with experience in blockchain and web, previously creating Ethstall.com the first Ethereum only online store allowing Ether holders to purchase physical products. He also developed CoinWatch TouchBar a cryptocurrency price
tracking for the OSX Touchbar.


Antoine Najjarin – Partnerships and Strategy A lawyer by profession, Antoine studied at the University of Technology, Sydney and the University of Oxford. He was hired into a prestigious private firm upon graduation and currently works for the government of New South Wales, Australia.


Chironjit Das – Finance and Community Chironjit is a CPA with experience in various industries, including for one of the largest retailers in the world, Tesco. His experience working in the industry exposed him the challenges large companies face in securing their supply chains from fraud &
counterfeiting. He believes part of the solution to these issues is being able to tag and track every individual item through every step of the supply chain.


Bok Khoo – Technical Advisor A respected member of the Ethereum community responsible for auditing a number of high profile ICO’s including Status, Stox, Chronologic & countless more. He is also the founder of one of the first decentralised exchanges, cryptoderivatives.market which has
processed over $60 million USD in ERC20 token trades.


Dorjee Sun – Strategy and Logistics Advisor COO of Santiment.net, raising $12 million USD in 45 seconds. Dorjee is also an advisor and investor into blockchain startups Powerledger, Dappbase and Virgil Capital a Bitcoin arbitrage hedge fund. He is also a director of Carbon Conservation which owns
equity in large scale sustainability and carbon conservation projects globally raising $430M with project partners and clients such as Rio Tinto, Bank of America Merrill Lynch, Olam and Twitter.


Alex Trottier – Retail and Supply Chain Advisor Alex is the current Chief Product Officer at Bonial, a location based shopping platform that reaches over 25 million users every month which has raised over $90 million USD.His previous roles include Chief Product Officer at Carmudi and Senior Product
Manager at Electronic Arts. Carmudi is a startup funded by the German startup accelerator Rocket Internet and is one of the world’s fastest growing online car sales sites. Electronic Arts is an American video game publisher producing titles such as Need for Speed , FIFA, Star Wars & Mass Effect.


John Shi-Nash – General Advisor Director of Incubation and Entrepreneurship at Macquarie University. He is experienced in venture investing with previous VC firm experience in Singapore and a background in the pharmaceutical space. He is a joint holder of over 20 medical patents.


ADDITIONAL LINKS

  • – Token Sale details 
  • – Bounty program  (Sharing, Translate, Guest Post, Review, Following)
  • Devery Telegram Group
  • Reddit Group
  • Github Group
  • Devery WhitePaper

Devery Introducing Video

Conclusion

Devery looks safe to partner with. At least, they are paying hourly, thereby reducing your risks of doing business with them. It is recommendable for both the low and average income earners since they don’t charge much per investment package. Just be sure you are using your spare funds when entering into anything like this. We wish you success.

This article is writing on 13 Dec , 2017 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsaap Us- 918077121282

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Disclaimer: Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment into any online program with money you aren’t prepared to lose. Make sure to research about the website.So Please take care of your investments.and be in the safety site and avoid much losing online.

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