TAEL is building a marketplace where all listed items can be traced with a blockchain-linked Near-Field Communication (NFC) label. This is aimed to provide additional security and transparency to customers.
When a product is manufactured, a NFC label is also attached to it. As the product is shipped to the customer, it is scanned at several touch-points. When the customer finally receives the product, he is able to see & verify the origin of the product by scanning its NFC label with his phone.
TAEL's blockchain, the Techrock Blockchain is maintained by a group of masternodes who audit and secure the supply chain transactions.
The WABI token can be used for staking, as well as paying for products TAEL provides. WABI tokens are replaced by and must be redeemed to Shijifen in the Chinese marketplace.
Tael (WABI)