Connects physical and digital
Smart contract blockchain
How are WaBi used?
Single-click automatic payment for Walimai protected products (at current exchange rate if the user has insufficient WaBi)
Paying with WaBi grants additional benefits: discounts, improved delivery terms, bonus WaBi points with every purchase
Allows users to buy loyalty points in bulk with discounts
WaBi wants to fight against counterfeit products, with the focus on the Chinese market at first. They will create a small payment service that would work only with checked and trusted products. They want to place anti-counterfeit labels on products enabling consumers to scan them. Thanks to this, the product authenticity is guaranteed and the customers are rewarded through a special loyalty system.Paying in their tokens apart from security will grant additional benefits like discounts, improved delivery terms or cashback. The project seems to be a small one, but potentially very useful. They quote that "At least 63 babies died in Fuyang and rural areas of Anhui after consuming fake baby milk", therefore with such real threat they can in fact help a lot of people.
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