Beed™ is short for "blockchain + deed."Â
A Beed™ token is part of the patented technologies the Company developed, owns, and enforces. These technology patents make many claims, but the ones that matter to you most are the ones that can change the way you look at buying and selling physical items.
The Beed™ token is not a cyrptocurrency. It's not a meme coin or an alt coin. It is a tracking token. Beed™ keeps the token's value based on the value of a physical item, not a digital asset.
Beed™'s patents start with a simple idea: add a unique identifier to a physical good. This identifier can be a serial number, a numbered piece of art or limited production run, a one-of-a-kind piece of art, a signature with a one-off inscription, a QR code, a bar code, an NFC chip... anything that sets the an item apart as a one-of-one product… like a fingerprint.
Beed™ takes that identifier and tokenizes it. Anyone can look up the token because it sits in a blockchain ledger. On that token, you can attach information like previous owners, price history, unique marks, modifications, certificates of authenticity, video and audio files, and signature verifications. Because it sits on a blockchain ledger, all changes are permanent and public. All transactions are recorded.
Ledgers have been around for thousands of years. For most of that history, ledger information was recorded on paper. More recently, that data has moved onto computers. Regular, old computer data is susceptible to hacks, breaches, and leaks. Since the blockchain ledger is a public record, hacks, breaches and leaks are almost impossible to pull off now.  Beed™’s patents also cover displaying ownership history, price history, modifications, and the royalty payment systems that Beed™ uses to pay out its sellers four times on one item.
Once you list an item on Beed™, a token is automatically generated. The token shows up as a QR code and sits in your wallet. On that token, you can upload certificates of authenticity, original purchase receipts, and any other documents that prove what you have is the real deal.
You then have the option to print the token. What you do with the token is your choice.  You can print it on a letter of authenticity. You can stick it on the item. You can print it on a card. You can print the token on your own branding.
The most common question I get is: "What if a scammer takes the Beed™ and puts it on a fake item?"
Well, someone could. But…
·      The value of the item transfers from the real, authentic item to the fake one.
·      If the scammer tries to sell the real one without a Beed™, the buyer would wonder why there’s no history on that item.
·      Because owners are tracked and IP addresses are recorded, we can identify who the scammer is and when/where the fraud occurred.
Is this an end-all solution? No. We expect bad actors to show up and try to manipulate the system. We expect this because Beed™ throws a massive wrench in the $4.2 trillion global counterfeit business machine. It's a disruptor to how traditional ledger and auction companies operate.
Beed™ provides transparency and cookie crumbs that can be traced back to bad actors.  Accounts can be flagged or banned. Transactions can be publicly investigated. It sheds light on the multibillion dollar resale business that is currently being done in a black box.
