Warrantoken is a smart contract platform automating and securing proof of purchase on the blockchain in order to eliminate billions in fraud and save trillions in customer service costs while making the warranty process easier and faster for customers.
Warrantoken is developed with partner company UNIVEC, INC., a leading E-commerce company with over 2.5 trillion dollars processed using their E-commerce protocols globally for NASA, the Department of Defence, and The World Bank for more than 25 years. UNIVEC, INC. has offices internationally across Europe, Asia, and the Americas, with a large blockchain development team based at 1 Rockefeller Plaza, New York.
Existing Warranty and customer support platforms result in over US $400+ billion in annual consumer fraud, US $7.5+ Trillion in customer service costs, and 82% of customers experiencing slow, complicated customer service leading them to leave a brand.
With Warrantoken, businesses can register products with warranties on the blockchain for free, print a QR code into the physical or digital packaging of the product, and let their customers scan the codes with the Warrantoken mobile app to activate their warranty.