Algrthm Venture Studio announced the availability of Real Goods (www.realgoods.ai) the world’s first artificial intelligence (AI) powered authentication and grading application for cell phones that certifies the authenticity and condition of luxury goods and collectibles without any human inspection.
Real Goods is available as a white-label Software as a Service (SaaS) solution for online marketplaces that sell luxury goods and collectibles, current grading and authentication firms, and luxury and collectible brands looking to create an enhanced user experience with a branded “Certified” program for their customers.
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By offering a Real Goods powered certification program, luxury and collectible brands will be able to greatly reduce knockoffs and counterfeit goods. It will also allow them to charge certification fees based on a percentage of each secondhand sale – giving them the ability to earn royalties on every product they’ve ever produced, whenever it’s resold.
Today, authentication and grading of luxury goods and collectibles requires humans to inspect each item, creating a slow, expensive, highly subjective, and often incorrect result. No technology has been able to solve these weaknesses until now. With 8 patents pending, Real Goods uses advanced AI and machine learning to accurately grade and certify luxury goods and collectibles. Real Goods will also create a transferable digital certificate of authenticity and condition that lives on from one buyer to the next, getting updated each time an item is sold or resold