The main and most important actor in most scenarios about finding stolen items is usually law enforcement. It is a bit utopic to think law enforcement organizations around the world would ever adopt a system like S4FE, which would bring control out of their hands. Not to mention there might be issues where serials are stolen and malicious individuals might claim belongings that aren’t rightfully theirs.
Overall, S4FE is a solid project. While it might not ever see worldwide law enforcement adoptions, it certainly has its own application with peer-to-peer usage and might even aid privately-hired investigators in search for valuable lost possessions.
S4FE is a blockchain-based database where users can register their assets and identify lost or stolen items. Some of the items that users can register on the platform include electronic devices, valuable of any kind, documents, vehicles or any other item with a substantial value to the owner.
The main objective of the database is to provide a solution to the increasing number of thefts and to prevent the sale of stolen or lost personal property through its decentralized features that will greatly reduce the number and market value of stolen and lost items.
The platform will develop unique products such as S4FE GPRS bicycle locks and S4FE GPRS pet collars that will allow the users to monitor the location of their pets or their assets. Users can also use the GPRS tracker to monitor the location of their children and let the children call for help in emergencies.
Pattern recognition will be used for assets that do not have serial numbers. It will automatically recognize use patterns and regularities of data to help owners locate their assets.
This product enables users to register their assets using unique identification vectors such as serial numbers and text or photo descriptions.
If a registered asset is lost or stolen, the user can report the loss or theft through website, mobile app or call center.
The asset will immediately be tagged as lost or stolen on the network where all users worldwide can recognize it.
S4FE supports real time identification and reporting of lost or stolen items through a database that is accessible worldwide.
Asset owners can register their assets on the platform to protect them from theft. Buyers can also use the platform to verify the authenticity of a particular product before actually buying it.
The platform will also encourage users to report stolen or lost items through the S4FE Reward Program that rewards users for reporting any suspicious assets.
