The US Patent Office has today issued sportswear brand Nike‘s patent for its blockchain-compatible sneakers dubbed “CrpytoKicks.” The patent outlines a system whereby blockchain can be used to attach cryptographically secured digital assets to a physical product, in this case a sports shoe. It seems Nike‘s platform will also track the ownership and verify the authenticity of sneakers using the blockchain-based system. When you buy a pair of the “CryptoKicks,” you’ll also receive a digital asset attached to a unique identifier of that shoe. As a result, there is digital scarcity of the digital assets, as their production is effectively…
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