The unique value proposition of TechSpecs is in providing uniform, easy-to-understand, and simple to embed/share technical specifications for any consumer electronics program. It is a service currently in demand on both B2C and B2B levels, as outlined in the use cases above.
The payment will be in SPC tokens, which makes them utility tokens (tokens with actual use within the issuing company’s ecosystem). This utility of tokens also supports the value of SPC tokens, since users will need to buy them in order to purchase TechSpecs services.
By using the blockchain for transactions, the costs will be minimal vis-a-vis current “middleman” models that include payment and currency conversion fees. With TechSpecs, all payments go directly to the seller in a single digital currency.
TechSpecs started out as a website/web application specifically designed to provide technical specification of consumer electronics in a uniform, easy to embed and share way. This includes both manually and machine-learning generated tech specs, depending on the use case. It was created in such a way as to significantly shorten the unnecessary stages of electronics evaluation, trade, and review. It thus captures and solves a major pain point across a number of use cases of technological consumption. TechSpecs is based in the Cayman Islands. The company is focused on making more accessible the various technical specification databases.
To make TechSpecs services and SPC tokens truly useful beyond the company’s website and their embed/link functions, the company is working on a number of integrations. At this point, TechSpecs is in various stages of active discussions with individual investors, big brand companies, and technology corporations in Africa, USA, Canada and the EU region. A short-term integration goal is to implement TechSpecs services on second-hand marketplaces using AI & machine learning to automatically generate tech specs for thousands of SKUs.
The longer-term goal is to take the siloed online ecommerce platforms and bring them together via the SPC token and TechSpecs technical specifications services. For example, a person viewing the TechSpecs-supplied technical specifications of a product would be able to purchase the product with SPC tokens. To that end, TechSpecs is working on creating both a global standard for tech specs and the largest ecosystem of consumer electronics - all purchasable with SPC tokens.
The Initial Coin Offering (ICO) is a chance for early investors to back the TechSpecs project at its most critical stage. This crowdfunding will raise the starting capital needed to finalize all the necessary paperwork, complete asset acquisition (rental of physical space, equipment, online properties, etc.), expanding of the team for optimal growth, continued development of the core product and token, optimizing UX, marketing, and other typical startup costs