The Chinese-based Techrock founded Tael (formerly known as WaBi) in 2013 to solve the challenges facing product authenticity control. The motive behind Tael is to bring together consumers and brands in the fight against counterfeit goods. The firm combines its proprietary authentication technology with blockchain technology’s tracking and tracing ability to identity and authenticate goods before they reach consumers.

Every product that passes through Tael has a unique tag that users can scan to verify its authenticity. Whenever users scan a Tael-protected product, the network rewards them free WABI token for their contribution to solve the counterfeiting of products. The users can spend their earned tokens to buy products listed on Tael’s platform. Buy Tael (WABI) in Australia with Swyftx.