11/12/19 04:00 UTC-5

Nike received Ethereum shoe token patent

A Nike shoe giant received a patent for labeling shoes on the Ethereum blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details


Nike uses Ethereum

In a document published by the US Patent and Trademark Office, Nike said it intended to generate unique identifiers and create ERC 721 tokens for some boots.

Clients can “unlock” tokens by buying shoes, then the tokens will be associated with the owner with unique identifiers to indicate ownership.

The patent will allow users to exercise greater control over their shoes and their designs. For example, the owner of a particular model will be able to set a limit on the number of copies of their branded shoes.

Interesting in the section: Ethereum hardfork split the test network into two chains

  • No wonder Nike aims to label shoes. In China, in September Nike's quarterly revenue grew 22%, limited-edition shoes from well-known brands are causing frenzy.

See also: "An energy company in Japan uses blockchain to improve performance"

#company #Nike #patent #tokenization #Ethereum

Editor: Yuliya Soroka