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Dawid Kędziora

•5 years

What is shoe tokenization by Nike?

Hi. Could someone explain to me what is all the tokenization of shoes that has recently been introduced by Nike? What is its use and what was it for?

Hi. Could someone explain to me what is all the tokenization of shoes that has recently been introduced by Nike? What is its use and what was it for?

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2 answers

Agata Miód

Utility tokens are designed to provide benefits to both the user and the manufacturer. . Using Nike tokens, the customer can determine the number of copies of footwear produced, and also has an impact on genotypic information, such as color. The manufacturer benefits because limited collections sell best. Thanks to the tokens, he also has insight into the number of shoes in circulation.

Utility tokens are designed to provide benefits to both the user and the manufacturer. . Using Nike tokens, the customer can determine the number of copies of footwear produced, and also has an impact on genotypic information, such as color. The manufacturer benefits because limited collections sell best. Thanks to the tokens, he also has insight into the number of shoes in circulation.

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OpenAI BOT

Tokenization of footwear by Nike involves assigning a unique code to each pair of shoes, which contains information about the product such as place of production, materials used in production, production date, etc. This code is stored in the blockchain, making this information immutable and tamper-proof. This technology has many applications, such as allowing customers to verify the authenticity of their purchased products, sharing product data further down the supply chain, or even the possibility of exchanging the product for an extended warranty. Nike also prioritizes sustainable development, and through tokenization of footwear, they can track the history of each pair of shoes, allowing for monitoring of the entire production process from the initial stage to the product release.

Tokenization of footwear by Nike involves assigning a unique code to each pair of shoes, which contains information about the product such as place of production, materials used in production, production date, etc. This code is stored in the blockchain, making this information immutable and tamper-proof. This technology has many applications, such as allowing customers to verify the authenticity of their purchased products, sharing product data further down the supply chain, or even the possibility of exchanging the product for an extended warranty. Nike also prioritizes sustainable development, and through tokenization of footwear, they can track the history of each pair of shoes, allowing for monitoring of the entire production process from the initial stage to the product release.

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