Libellum - Instant Supplier Verification
Ecommerce is growing rapidly. The need for verified suppliers from China is more than ever as many new and inexperienced buyers fall to scams of illegitimate suppliers. Libellum's aims to connect buyers, suppliers and third party test laboratories (who issue certificates). Take for example a foreign buyer who wants to purchase/manufacture a product in China for the first time. For him to verify supplier authenticity, he either has to hire a sourcing company with reputable suppliers, a third party testing and auditing company (e.g. TUV, SGS) or fly to China personally. Furthermore a buyer from overseas has to comply with international laws, product regulations and compliances set out by...
Token sale starts in:
- Token: LIB
- Price: 1 LIB = 0.1 USD
- PreICO start: 15 Oct 2018
- PreICO end: 31 Oct 2018
- Country: Hong Kong SAR China
Ecommerce is growing rapidly. The need for verified suppliers from China is more than ever as many new and inexperienced buyers fall to scams of illegitimate suppliers. Libellum’s aims to connect buyers, suppliers and third party test laboratories (who issue certificates). Take for example a foreign buyer who wants to purchase/manufacture a product in China for the first time. For him to verify supplier authenticity, he either has to hire a sourcing company with reputable suppliers, a third party testing and auditing company (e.g. TUV, SGS) or fly to China personally.
Furthermore a buyer from overseas has to comply with international laws, product regulations and compliances set out by the governing bodies and authorities. The buyer has to either fully trust a supplier’s documents and certificates or hire a third party testing company. Unfortunately, faking certificates is a common practice amongst dodgy suppliers.
The only way for the buyer to verify the certificate validity is for them to call or email the third party that issued the certificate. This not only results in unnecessary costs to the buyer, but more importantly, reduces the trust in the system as the process is slow and timeconsuming. Libellum works to solve this problem by enabling clients to lookup a certificate or test report number (provided by a supplier) on Libellum’s interface. If said certificate has really been issued at some point in time the interface will have all the supplier and product information – that at some point has been verified by a third party inspection company. Hence the buyer can immediately verify the authenticity of the certificate via Libellum.
Libellum will implement 2 core technologies to make sure the system is safe for the buyer:
- A digitally encrypted QR code that has all the supplier information and is verified by third-parties.
- Data is stored on Libellum’s blockchain, which allows for the data to be immutable and transparent.
This allows buyers globally to purchase from verified suppliers using the LIB token and its ecosystem.
CEO & Co-Founder
COO & Co-founder
Lead Software Engineer
March 2015Launch of ImportDojo.com with focus on educating importers across the globe on how to deal with Chinese manufacturers.
April 2016Release of full Amazon Case Study to the public. A step by step guide from sourcing a product in China to launching it on your eCommerce store.
April 2017Launch of ImportDojo Certifications. A full guide on regulations, compliances and supplier verification. The only source and most complete guide on the internet to date.
March 2018The need for transparency and supplier verification is greater than ever. The idea of launching a supplier verification platform is born.
May 2018Fine-tuning the concept and introducing it to Third Party Testing Laboratories.
June 2018Building the Developer & Advisor team. Meetings and proposal of Libellum to large sourcing sites and third party testing laboratories,
July 2018Building partnership with Third Parties and getting them to our platform. We are in talks with the top 10 firms in the industry. Incorporation & Registration of Libellum in Hong Kong.
August-September 2018Launch of website, release of Whitepaper. early investor round. Pre-sale and token distribution.
October/November 2018Token Exchange Listing
February 2018MVP ( Minimum Viable Product) is released. Optimization, Improvement and adding features with key partners.
March 2018Building KPI's for third party Laboratories.
April 2019Integration & upload of existing supplier reports and certificates.
May 2019Launch of the fully functional Libellum platform.
June-December 2019On-boarding and continuous partnership building with testing laboratories.
January 2020 -ongoingBuilding awareness, improving of platform, adding new features.
- Platform: Ethereum
- Price: 1 LIB = 0.1 USD
- Accepting: ETH
- Token distribution: 40% - Token Sale 15% - Reserve 15% - R&D 10% - Team 10% - EIP 5% - Bounty 5% - Advisors
- Soft cap: 300,000 USD
- Hard cap: 3,200,000 USD
Libellum Ltd. Hong Kong.
Unit F3, 5/F, Mai Luen Ind. Bldg. No.23-
Kung Yip Street, Kwai Chung, Hong
Prehistory of project
No prehistory of project.
Product or its MVP
In Q2 2019, team will launch our MVP to showcase the platform to our network of suppliers, manufacturers, testing companies, and buying offices; globally. The MVP will have the following features:
- Verified Supplier Database
- Product Certification Validation via our L-ID™ system
- Libellum Wallet Integration
- Buyer Data secured by Blockchain
- E-commerce API Integration
Until Q2 2019 no Product or its MVP information.
No escrow information.