• Logistics
  • Sofware

Libellum 2.75/5 (1) - 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:

TBD
2.8
Hype2.0
Security3.0
Team3.0
Vision3.0
  • Token: LIB
  • Price: 1 LIB = 0.1 USD
  • PreICO start: 15 Oct 2018
  • PreICO end: 31 Oct 2018
  • Country: Hong Kong SAR China
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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:

  1. A digitally encrypted QR code that has all the supplier information and is verified by third-parties.
  2. 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.

Team

Manuel Becvar

CEO & Co-Founder

Duncan Cassar

COO & Co-founder

Stanko Ćulaja

Lead Software Engineer

Danijel Jurević

Software Engineer

Nikola Potrebić

Software Engineer

Advisors

Patrick Som

Technology Advisor

Stefan Stoeckli

Independent Advisor

Benjamin Buergi

Legal Advisor

Lars Müller

Advisor

Milestones

  • March 2015
    Launch of ImportDojo.com with focus on educating importers across the globe on how to deal with Chinese manufacturers.
  • April 2016
    Release 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 2017
    Launch 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 2018
    The need for transparency and supplier verification is greater than ever. The idea of launching a supplier verification platform is born.
  • May 2018
    Fine-tuning the concept and introducing it to Third Party Testing Laboratories.
  • June 2018
    Building the Developer & Advisor team. Meetings and proposal of Libellum to large sourcing sites and third party testing laboratories,
  • July 2018
    Building 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 2018
    Launch of website, release of Whitepaper. early investor round. Pre-sale and token distribution.
  • October/November 2018
    Token Exchange Listing
  • February 2018
    MVP ( Minimum Viable Product) is released. Optimization, Improvement and adding features with key partners.
  • March 2018
    Building KPI's for third party Laboratories.
  • April 2019
    Integration & upload of existing supplier reports and certificates.
  • May 2019
    Launch of the fully functional Libellum platform.
  • June-December 2019
    On-boarding and continuous partnership building with testing laboratories.
  • January 2020 -ongoing
    Building awareness, improving of platform, adding new features.

Token

  • 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

Proof Points
3/5

Legal entity

Libellum Ltd. Hong Kong.

Unit F3, 5/F, Mai Luen Ind. Bldg. No.23-

31

Kung Yip Street, Kwai Chung, Hong

Kong SAR.

⾹港葵涌⼯業街23-31號美聯⼯業⼤廈5樓F3

室.

https://opencorporates.com/companies/hk/2719081

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.

Blockchain experience

Miikka Saloseutu — Advisor at Terawatt LEDTip BlockchainYellow BetterBizzShakeCybercoinIMIGIZE. Co-founder of ICO Token Reviews, founder of icotokennews.com and cryptocoinjudge.com websites

Escrow

No escrow information.

Comments

Update 02.09.2018

Media

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