Re:Nike's plan to prevent counterfeiting by securing product...
by vineetmarkan on Wednesday January 15, 2020 @11:22PM
(#22061668)
When you make a purchase, you unlock the digital asset associated with that shoe. When you sell it forward, the digital asset will be transferred forward, provided the transactions happen on blockchain.
So you can technically sell a fake of physical, but you have to give up the ownership of the shoe (virtual). And therefore, can't sell a fake twice.
So you can technically sell a fake of physical, but you have to give up the ownership of the shoe (virtual). And therefore, can't sell a fake twice.
It's a shoe version of Cryptokitties.