Nike Patents CryptoKick Blockchain Application for Sneakers
The U.S. Patent No. 10,505,726 describes a system and method for providing cryptographically secured digital assets, which covers several applications for authenticating actual footwear, as well as managing virtual sneakers. The implementation would involve a token generated from a distributed blockchain ledger such as Bitcoin or Ethereum that would link a footwear purchase with a unique digital shoe ID code and a unique ID code for the purchaser. The same process would also work for secondary market transactions, tracking the specific item through resellers. In addition to validating the authenticity of the shoes, the technology could be used to prove ... Log in to view full article.