With the main office in Shanghai, China, WABI project was founded by Alex Busarov in 2017. After a massive rebranding in 2019, WABI token was renamed to Tael. Tael stands for an iinnovative decentralised ecosystem of consumer goods powered by its native Tael token. Final goods within the Tael ecosystem are protected from fake attempts and hacker attacks with the help of high-level, tamper-proof secured RFID and NFC labels. The labels are connected to their digital blockchain-based representations. Customers scan the labels with their gadgets in order to check product’s legitimacy and track the mapping of product journey.