ICO AND CRYPTOCURRENCY: Working of Scanetchain NEM Blockchain Augmented Reality

In this article, we will see where augmented reality is now and where it can be used as well. If you're familiar with blockchain? Can you connect this hyped tech into blockchain by it simple means? Oh you heard me right. Yes we can. I will introduce you to a project that enhances the availability of augmented reality into the simplest method we can appreciate it. This project is called Scanetch it will be the first commercial App built on NEM platform which is developed for Blockchain commercialization.

Scanetchain is a scanable market that lets users scan a physical object using their phone camera. Besides the camera, users will not need any other type of equipment. Since the connection is via the blockchain, access will be instantaneous. The AR content will be availed via data streaming that takes place in the cloud. At the core of this platform, which consists of four parts: An advertising system where users can scan AI, anywhere at any time using an AR camera; they get tokens as rewards for watching the ads. An AR shopping system lets users utilize accumulated tokens to make purchases of advertised products. They can also use tokens to buy the paid content. An AR social network that lets users bring the blockchain-based social network content offline via the scan AR frame template. A content distribution system created by Scanetchain that comes with an automated notarization system based on the NEM blockchain.

I think it's a great decision for scanetch to use the nem platform to utilize this conceptual project they are cooking. Why? If you 're not familiar with NEM, it is a blockchain technology that offers a fundamentally streamlined method of dealing with traditional databases. NEM blockchain platforms for industry leading transaction rates for internal LEDgers. In order to pull out of a sophisticated concept, I think a secured blockchain like NEM can help scan it to improve its own product.

Hybrid-blockchain
The Scanetchain is a Hybrid-blockchain model consisting of on / off chains using both commercial AR social platforms and blockchain networks.

The on-chain section that implements the inherent characteristics of the blockchain, and the off- chain parts that users find inconvenient due to the aspects of the blockchain. It is the only blockchain models that enable content to delete and delete them and allow fast transactions.

Scanetchain platform will be a hybrid base blockchain divided into four parts that will served its purpose on the platform itself.
First is the AR advertising systems. All the users can scan provided AR contents using AR camera in which user can benefit tokens as rewards for watching the ads as simple like that. You can watch how it works on the video on the first part of their website.
Second is connected to the first system of Scanetchain, We say that you already have the reward tokens, a section called AR shopping system will let the tokens holder to make purchase of the advertised products. That's right, the one you've advertising or promoting can be yours as well using this system.
Thirdly, they offer an AR social network that purposely created to let individual users to connect with other blockchain-based network content via offline using the AR frame. Yeah it has the capability to work offline which I think other project cannot offer to us.
Last but not the least is the content distribution system. To explain clearly, Scanetchain will reward content users automatically via notarized system powered by NEM blockchain

I suggest you read their whitepaper to fully understand their goal and objective. Scan the project will be a win-win situation for every investor out there. By the way as of this writing, the tokens of LIVE and you still have the chance to purchase their utility tokens before they hit exchanges.

'Scanetchain' issues its own ETHEREUM (ERC-20) SWC token.
The SWC token is a cryptographic currency, a medium in the internal ecosystem of
Scanetchain. In the open market platform that users, consumers, suppliers, sellers, and advertisers can use in a comprehensive and organically usable way. Under the POA (Proof of Activity) Algorithm,

SWC tokens
have liquidity in the entire ecosystem that continues to circulate due to the voluntary participation of all accounts. It is possible to exchange other cryptocurrencies into SWC tokens through its exchange counter inside the platform.