Materico is an absolute game-changer in the consumer electronics industry

June 26, 2018 - PRLog -- The consumer electronics industry includes smartphones, computers, televisions, video game consoles, automotive technology, and many other home products as well as growing product categories such as wearables and 3D printers. With all the latest technological developments, the industry is highly competitive and rapidly changing. All manufacturers are under tremendous pressure to introduce unique and different products to market and consumers are always keen to purchase new products with advanced technologies.

Ease of operability and appearance are one of the common factors for the customer when considering an electronic device. But how do we know if the electronic device that we intend to purchase is not stolen or salvaged and that we are not being scammed?

Smartphones, Laptops, Tablets, and Computers are one of the most stolen devices today. Even with all the tracking software and other theft deterrent applications that should stop someone from taking them does not prevent it from happening and, unless bought directly from the store, it is hard to know whether it was stolen.

Consumer electronics industry is in a unique position to challenge that. Other countries are striving for their consumer electronics industry to become globally accepted, but they are held back by international politics. Because of this, blockchain technology offers an alternative to circumvent this.

Blockchain technology offers an open, decentralized database of any transaction involving value, whether it is money, goods or services. Every transaction is recorded in public and distributed ledger.

Materico is a blockchain based platform where you can register ownership of your device and all related documents on a distributed ledger - which can be done either independently or with the help of the retailer. Not only you can register your electronic device, but also manage it and find all related services without intermediaries. Materico offers to have all of the electronic devices and electronic hardware registered on their platform where you can control and see all associated services without intermediaries.

How does Materico bypass the intermediaries? – Smart Pool. Simply put, it is an AI-powered system that provides you with insurance, financing and funding services, so with one simple click or voice command the application will find and list all the best offers on new devices, insurance policies, financing, repair services, device recycling and accessories for you. Peer-to-peer services will be a large part of this in the initial stages, but access for larger companies to integrate their services into the application is not restricted.

Materico also provides a piece of mind for every consumer as it allows for full product information, documentation, and history of any appropriate electronic device. You can also monitor start and end dates on your warranty and insurance, run diagnostics or report theft or loss. With Materico you can also check whether the item has been stolen or had any parts changed before you purchase it and warranty left on it. What is even more exciting is that you will no longer need to search for third party service providers as Materico will help you find the best deals on product leasing, insurance, repair parts, accessories, and recycling – all in one place. This is an absolute game-changer in the consumer electronics industry.

If your device is lost or stolen, it can be a daunting experience as you need various serial numbers and other documentation regarding the lost item. To be able to report it, the procedure is to contact the police and then the police will assign the report to the relevant agencies which can take months to even have the investigation launched. Materico takes care of all that, and with only a few clicks you can report the item lost or stolen, and it will flag the device lost or stolen, so if anyone is to sell it, the relevant agencies, as well as yourself, will be notified. Materico is building relationships with police and fraud agencies around the world to assure that in case of theft your report is dealt with immediately. There is not a single consumer electronics industry that can prevent this from happening but with Materico; you are limiting such possibility, and you stay in full control at all times.

Materico is developing a solution that will allow documents to be placed in the user's personal registry through the IOT (Internet of Things). Initially, this will be done by scanning a QR code. The application will show a list of all of your devices which will be stored on the blockchain. The device information includes their sale value and documentation. You can also keep track of the warranty expiry date as well as insurance policy start and end dates.

With Materico, the devices will take care of themselves - the user is in full control and can approve or disable specific options. The platform will also operate using voice control technology - its AI (Artificial Intelligence) will analyze your preferences and behavior and offer the very best products for your specific needs.

The trends in the consumer electronics industry show no sign of slowing down. With a lot of potential in the artificial intelligence, smart homes, virtual reality and augmented reality, meaning there will be more and more electronic devices and electronic hardware in the foreseeable future. Whether the trends of what electronic devices we use change or not, the problem of keeping the documentation for servicing, warranties and device serial numbers is still an issue. Materico is an all-in-one solution for all of the above.
Visit http://www.materico.io for details

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https://www.prlog.org/12715789/1