FAQ

Imagine you are trying to buy a used genuine designer bag online. Can you be 100% sure that what you are buying is an original piece? Even if it is an original piece can you be 100% sure that is not a lost or stolen piece? IL MIO World solution throws this all-too-common scenario out of the window. How? IL MIO World offers is an innovative service that combines Blockchain technology and NFC tags in order to minimize counterfeiting and protect the ownership of genuine products.
The IL MIO World model is designed to be adaptable for a range of industries, product types, and company sizes. Check out our use case section to see some of our solutions. Still not convinced? Chat with us! Click on the contact section and send us an email.

Avoid the cumbersome utility tokens and ICO’s that most of our competitors require: IL MIO World uses the ERC721 open-source on Ethereum that keeps information transparent and accessible for customers and their users. Through this, IL MIO World makes the solution as accessible as possible to brands and their consumers without the hassle of utility tokens.

The combination of blockchain technology and NFC tags makes our products more secure and unable to be hacked. This builds trust between users and brands and helps to bridge the gap by opening up communication channels between brands and their customers.
Our solution allows for targeted communications from brands to their users without comprising users privacy. To receive targeted exclusive offers, customers only provide year of birth, gender, and country of residence. Through the virtual wallet, companies can see the products owned by a particular wallet number and advertise directly to that number, without revealing the identity of the merchandise owner.

From a company’s perspective, IL MIO World bridges the communication gap between brands and consumers. Brands can communicate in a personalized way with their consumers like never before. Brands can view a users’ wallet and send targeted push communications on offers that match products they already own without revealing the identity of the user. In this way, users can receive relevant ads that they are more likely to be interested in without compromising their privacy.

Additionally, IL MIO World solutions minimize fraudulent claims of items that were never actually purchased - something that is costing insurance companies millions every year through fake receipts of purchases. We can do this in two ways: 1) Having proof that the person filing the claim actually owned genuine product via virtual wallet address 2) Having the capability to stop someone else from registering the same product since you can only register an object (eg: code of object) once.

IL MIO World app users can benefit from three principal functions:
1. Verify the authenticity of products before they buy them - With the NFC chip embedded in the product, users can scan any item to view its status (Owned, Stolen, Lost, For Sale or Destroyed). Secondhand buying just got way more secure. Now users and sellers can guarantee that goods are genuine before making purchases.

2. Keep their products safe - Through our digital wallet, users can provide proof of ownership of their registered products at any time. Blockchain technology stores files of their ownership in a decentralized, unhackable database, prohibiting resale and fraud, and deterring counterfeit sales.
3. Receive exclusive and personalized offers without the invasion of privacy - With our app, brands are able to see all of the items users own in a verifiable, centralized location. Based on the items in a user’s wallet, brands can, create and send personalized offers without compromising personal data, as customers are only required to enter their gender, age and country of residence.

BLOCKCHAIN TECHNOLOGY
Blockchain technology is a decentralized ledger system composed of information stored in blocks. Information from the products life cycle is registered in the blocks and is available to the whole community. It is public information that cannot be altered and can be verified by anyone at anytime. This ensures the authenticity of products, proves their ownership,facilitates safe transfer of ownership over time, and protects users’ privacy.

IN-APP WALLET
A “virtual wallet.” This wallet exists in a mobile app which gives users a convenient way to organize and interact with the items they own, such as loyalty points, boarding passes, tickets, clothing and accessories, fine wines, and blockchain tokens..

NFC TAGS
An NFC (Near Field Communication) chip is a small black object that can store the encoded data. The tag is able to detect and enable technology in close proximity without the need for an internet connection. Communication is easy, fast, and works automatically. .

IoT
The Internet of Things is the interconnection via internet of computing devices embedded in everyday objects. This technology allows devices to connect and exchange data in the network.

IL MIO World offers a unique approach to this question. Now, users can confidently buy authentic products and be sure a product they wish to buy isn’t counterfeit or stolen. Through NFC tags, customers can securely claim ownership of their products or report them lost or stolen - minimizing the resale of stolen goods and helping users track their products.
From a company’s perspective, brands are also able to communicate in a personalized way with their consumers like never before. Brands can view a users’ wallet and send targeted push communications on offers that match products they already own without revealing the identity of the user. In this way, users can receive relevant ads that they are more likely to be interested in without compromising their privacy.
Additionally, IL MIO World solutions minimize fraudulent claims of items that were never actually purchased - something that is costing insurance companies millions every year through fake receipts of purchases. We can do this in two ways: 1) Having proof that the person filing the claim actually owned genuine product via virtual wallet address 2) Having the capability to stop someone else from registering the same product since you can only register an object (eg: code of object) once.

The IL MIO World teams realize every brand in every industry has unique needs. Our teams will work with each brand to determine their wants and needs in order to create a truly valuable product. Our initial set up fees and subscription fees depend on the number of products being tokenized and will be discussed upon initial consultation with IL MIO World sales team.

We understand that privacy is a users’ most precious asset. We are dedicated to protecting that. At the same time, we understand that brand reputation and an ability understand user behavior are key to having a successful company. IL MIO World in Italian stands for “My World” - the world of both users and brands that we plan to protect through innovative technologies and solutions.

IL MIO World has a diverse team comprised of 12 members coming from seven different countries all working to make sure every aspect of IL MIO World is being carefully developed. Our diverse background allows us to work with a wide range of clients across many industries. We speak seven different languages : Italian, English, Dutch, Spanish, Farsi, Portuguese, and Serbian. We have offices in Rotterdam, NYC, and Milan and our team members are familiar with the unique needs and cultures of various industries and sectors.