June 17, 2024

Nike received a patent for a blockchain system for digitizing shoes

Nike received a patent for a blockchain system for digitizing shoes

The US Patent and Trademark Office has granted Nike a patent for a blockchain system developed byto create a digital version of shoes.

Customers will have the opportunityregister purchased shoes by identification number in a distributed database. After that, in the cryptocurrency wallet of the product owner, an electronic version of the product will be created, tied to the user ID. It will contain the cryptographic token issued on the Ethereum Digital Asset (ETH) blockchain and product information (color, material, manufacturer).

People who registered the purchase will be able to confirm the authenticity of the product and will have access to two functions:

  1. sale of shoes;
  2. customization of design.

Customization will work as follows:two network users combine digital versions of their products and create a new product based on the characteristics of the prototypes. The authors of the model have the right to set a limit on the number of shoes produced in order to make them unique. Nike employees are going to produce tangible versions of some of the digital hybrids.