vineetmarkan

Do you have the link?

I have background in software engineering though we work with IP services company to find the best patents. If you would like to a take a look at an example summary, look here.

https://www.fastscience.tv/summary/teslas-energy-efficient-s...

The target market is Engineers, product managers and R&D departments. The summaries will make them aware of inventions by partners and competitors and help them innovate faster.

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.

It's a shoe version of Cryptokitties.

Regarding point 1 : https://www.forbes.com/sites/samantharadocchia/2018/07/05/ho...

Regarding point 2: I have never heard anyone tokenizing physical assets using conventional databases. Reason is multiple people may hold part of the value/asset, no one wants to trust anyone else.

Because blockchains are great for exchange of value/transactions. Tokens can be easily transferred and hard to re-create and safe. They can be re-generated after each transaction and stored in a wallet.

Associating one QR code with one shoe is simply not the same thing. Nike doesn't have to make the whole ledger public through give the nature of blockchain, it can be assured that it has not been altered.

For people asking why is blockchain needed in this scenario, I have added a comment below the article explaining why it would be far more robust than using a QR code etc.

If you read the use cases, a lot of their ideas revolve around marketplace. So it should have more to do with resale or transfer of digital asset. So when you are selling on a marketplace like EBay etc., having a valid digital token is a proof that you are trying to sell valid Nikes.

IMO they are tracking ownership of each pair with the help of these tokens and once the real shoe is sold the token is transferred to someone else's digital wallet.

Putting a QR code on shoe is not really effective as it can copied/pasted on a different shoe etc.

The article talks about using human size robots in e-commerce warehouses to fetch items.

The patent is owned by Locus Robotics and granted recently.

How do the references to smartdust (milli-sized robots?) and military come in?