Safe Title Launching a $5M Crowdfunding Campaign For Its Revolutionary Jewelry Security Solution in the Highly Profitable Jewelry Industry

LOS ANGELES, CA / ACCESSWIRE / April 15, 2023 / Safe Title is launching a $5M SEC-regulated Crowdfunding campaign to promote its new security invention: a Safe Title. Similar to a house or car title, Safe Title is a secure record of ownership, authenticity, and value for jewelry products.

In today’s market, the sale of jewelry, including watches, is based on a system that relies almost exclusively on trust. Currently, there is no way to provide specific, secure protection against authenticity fraud, promissory fraud, provenance fraud, return fraud, chargeback fraud, or insurance fraud. These costly problems pose an imminent threat to even an expert’s ability to discern between legitimate parties and fraudsters. As artificial intelligence becomes more widespread, the rapid rise of frauds and fakes is becoming an impending crisis with an estimated $2.7bn in losses annually; Safe Title is the Jewelry industry’s solution.

AI & Security

Traditionally, people use “boxes and papers” for future identification or authentication. “Box and Papers” refers to the paper receipt and physical product packaging. Even though paper receipts and packaging are easy to replicate, products in the resale market, including the “box and papers,” sell for 20%-40% more than those without them. This demonstrates that people are eager to pay a premium for even the slightest sense of certainty that the original receipt and packaging represents. While Safe Title is the natural evolution of this concept, it provides certainty that is leaps and bounds beyond its easily replicable predecessor.

Safe Title creates certain security for the buyer through its fingerprinting & titling solution. Leveraging AI, Safe Title captures every unique identifier and characteristic of a piece of jewelry and turns all the information it has gathered into a secure product fingerprint. This data is then used to form a Safe Title that is assigned to its rightful owner using blockchain. Leveraging blockchain ensures that every Safe Title remains unhackable, immutable, unreplicable, and everlasting. A Safe Title will enable anyone to effectively fight fraud, validate ownership, protect asset value, certify authenticity, and maintain absolute security.

About Safe Title

Safe Title was founded in 2021 by Eli Schechter, a 21-year-old entrepreneur, and the Tesla Foundation, an LA-based tech startup leader. Founder and President of Safe Title Eli Schechter believes that Safe Title will transform how all jewelry is purchased, traded, and sold. “I believe in a future for humanity where absolute security is possible. Jewelry like engagement rings, custom heirloom pieces, and expensive rare watches are often extremely sentimental assets. Such very personal products are targets for replication and fraud. Safe Title unlocks the freedom to own and transact these important collectibles with complete security and certainty.”

The revolutionary nature of its security solution has allowed Safe Title to attract investment from the venture capital fund Web Tree Capital. The accomplished team behind Safe Title includes Wilhelm Cashen, CEO, serial software entrepreneur and inventor; Xavone Charles, COO, multi-million dollar company’s controller; and Ezzie Schaffran, CEO of Ice.com, the world’s first Online Jewelry Company as Chairman of the Safe Title board of director.

As part of its $5M raise, Safe Title is aligning itself with strategic investors and partners who will benefit from this significant opportunity. To learn more about Safe Title, visit safetitle.ai

Media Details
Website URL: safetitle.ai
Company Name: Safe Title
Email address: [email protected]

SOURCE: Safe Title