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Pets are mankind’s best companions. And rightly so, given the sense of trust, security and affection they bestow upon their owners. The pet survey conducted in the year 2017 showed that the pet market is a sector worth 125 billion US dollar with an annual growth of about 5%. With an increasing number of investors contributing towards this track, the market saw an outlay of 486 million US dollars on pet technology in a span of 4 years, from 2012 to 2016 alone. By all means, care and raising of pets have become an inseparable part of social structure.
However, with growing industrial demand, the obligation to meet the requirements of this section has become a pressing issue which the product and service providers are constantly failing to address. Ensuring the quality of pet products, maintaining adept pricing standards for pet services and management of qualified pet doctors are sizable obstacles. Adding to these is the fact that most countries do not have any implementation of protective rules and regulations essential for pets as fellow living beings. Insufficient database solutions that restrict the sharing of information among themselves and solutions that allow only limited data to be stored and maintained are another major issue.
Rising to annihilate these hurdles and develop a secure environment for pets, Petchains has made a huge leap into the global pet market. The global pan-pet market information management system and trading platform, Petchains makes use advanced technologies like big data and blockchain technology in devising solutions that make pet products and services much accessible, reliable and transparent for its users so that the well-being of pets and the animals around can be ensured.
Petchains, the first-ever Blockchain based pet ecosystem provides room for unlimited data storage with allowing qualified and registered personnel, including animal caregivers, veterinarians, insures, laboratories, food producers and institutions, to access the data and achieve fluid communication as well. With Blockchain technology, this data can be accessed from anywhere in the world by anyone relevant to the animal world. Petchains functions with its official Dapp which is based on “social networking is mining” model. This allows active interaction among members of the pet community where they can consult veterinary doctors, purchase prescribed medication and involve in social behavior like uploading videos of their pets, hitting thumbs-up for posts, commenting on them and more. Each activity entitles them to PTCS tokens or petcoins which they can use for availing the benefits that the platform has to offer.
Altogether, Petchains is making magnificent efforts to refine the lives of those that have been refining human lives for ages. As the famous American actor, James Cromwell had said, “Pets are humanizing. They remind us we have an obligation and responsibility to preserve and nurture and care for all life.”