Nike's "encrypted shoes" received US patents, can trace the authenticity, breed new shoes

According to Cointelegraph, sports brand Nike has applied for a patent for the non-homogeneous token "CryptoKicks" issued on Ethereum for its footwear.

shoes-1011596_960_720

(Source: Pixabay )

The patent application date is December 10, and the content is footwear digital assets and how to use them. According to the documentation, the patent uses Ethereum ERC721 or ERC1155 tokens for authenticating and trading physical shoes.

"Chain" on the shoes

After purchasing physical shoes, consumers can get a 10-digit shoe identification code. If you connect this code to the Nike identification code, you can "unlock" the token. Obviously, the system aims to identify the authenticity of shoes. According to patent documents:

Potential consumers and purchased customers can buy and sell digital assets with the help of one or more blockchain ledgers on a decentralized computing system. For example, a consumer buys a new pair of sneakers from a certified dealer, and the dealer will provide a true traceback of the shoes. When receiving a shoe box containing shoes, a consumer can open a sneaker app with a barcode recognition function in a smart phone and scan the uniform code of the product on the shoe box.

Interestingly, Nike also suggested that the amount of tokens could be linked to the sale of shoes in order to verify the scarcity of shoes in circulation. The patent states:

When a consumer buys a pair of genuine shoes, the purchase behavior will be digitized, and the consumer will receive a cryptographic token, and 'CryptoKick' is the collective name of the digital shoe and encrypted token.

When selling shoes, ownership of digital tokens can be transferred along with the physical object. A dedicated application will be created to manage tokens and enhance brand engagement.

Similar to CryptoKitties, "bred" shoes on the blockchain

In addition, the patent draws on the popular blockchain game CryptoKitties, which can "bred" shoes:

Through digital assets, consumers can safely trade or sell physical shoes and digital shoes; store digital shoes in crypto wallets or other blockchain digital storage; mix or "bred" one pair of digital shoes with another pair of digital shoes to create "Offspring"; custom-made new shoes are made into new physical shoes according to manufacturing rules.

With the increasing maturity of the blockchain, more large companies have begun to adopt this technology, and the blockchain industry has accelerated its development. However, experts warn that the United States is not a leader in the field of blockchain. The latest report shows that China easily surpassed other countries including the United States in the number of patent applications in the blockchain field.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Beginner's Guide | Why choose a highly liquid exchange?

Source: Medium Translation: First Class (First.VIP) Liquidity is the most important concept that everyone needs to un...

Opinion

The inevitable outcome of Non-EVM public chains? Analyzing the reasons for the decline of ICP from multiple perspectives

This article will start with the technical characteristics of ICP, then discuss the shortcomings of its NNS governanc...

Blockchain

Coinbase publicly acknowledges that 3,420 user information is threatened by registration vulnerability

According to foreign media, Coinbase Exchange acknowledged in its latest blog post that a vulnerability in their syst...

Blockchain

Zhongying Internet publicly claimed that it is preparing for the first of the A-share listed companies in the digital currency trading platform.

This article Source: Finance Network · Chain Finance , the original title "Save capital chain break risk A-...

Blockchain

Witness history! Bitcoin plunges sentient beings: mining circle under pressure, exchange shuffled

Author: Liu four red Source: BBT Fintech Circle Editor's Note: This article has been deleted without altering th...

Blockchain

Interviewed 800 crypto traders in 75 countries around the world. What did they find?

"Traders look for simplicity, but the exchange can't meet it. 80% of participants have entered the market f...