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Dec 12
Nike shoe

Nike Shoe Sales on Ethereum Blockchain

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Nike shoe sales on Ethereum blockchain is the next best thing. This time, Ethereum blockchain has made sure that buying Nike shoes becomes a unique experience. Nike and Ethereum have teamed up on the project to assure customers the Nike product they bought is the original one. Above all, they are taking shopping to a next level. Nike will allow customers to groom their own digital shoes, trade with them, design their own pair. Eventually, the project will enable buying the shoes as per your design.

Proving the Provenance and Controlling Scarcity

The future of shopping is here. As of very soon, you would be able to enter the store, buy Nike shoes and check the authenticity of the goods immediately. Or, design your own, unique par. How? The manufacturer has given a short explanation:

“Prospective and current owners […] may buy and sell digital assets through one or more blockchain ledgers operating on the decentralized computing system. […] By way of example, and not limitation, a user may buy a new pair of  sneakers from a verified vendor who may provide authenticated provenance records for the sneakers. […] After receiving the shoe box containing the sneakers, the user scans the box UPC with a barcode scan feature in a sneakers app operating on the user’s smartphone.”

The way we understood it, the Etherum tokens will unlock upon the purchase of shoes. The 10-digit shoe id code will link with the owner id code, providing the proof of origin.

Moreover, Ethereum and Nike have gone a step further. Namely, they are working on providing the information on how scarce the item you bought truly is. Also, they will give the buyers a certain level of control regarding the number of the same design shoes items that appear on the market. More precisely, buyers will be able to set limits on the number of the so-called “clone shoes” referring to the design they make themselves. That way, they will be able to have more unique products in their possession.

Furthermore, as if, this hasn’t been enough of improvement, they have added a sparkle of fun to it. Just to spice things up. As per the official explanation, when a consumer buys a genuine pair of shoes, the app generates the digital representation of shoes, links it with the customer and assigns a cryptographic token. Interestingly, the shoe and the cryptographic token collectively represent a ‘CryptoKick.’

All in line with Nike’s motto “Dream Crazier“.

Making Shopping More Entertaining

So, the question remains: what to do with digital shoes? Play! What else?

The patent that Nike acquired (as per U.S. Patent and Trademark Office‘s web site) also allows for breeding of your own digital shoes as well as for making your own digital “offspring”. Although this may sound strange, there are already games on the market that apply the same kind of grooming and collecting of the digital items:

“Using the digital asset, the buyer will be able to securely trade or sell the tangible pair of shoes, trade or sell the digital shoe, store the digital shoe in a cryptocurrency wallet or other digital blockchain locker, intermingle or “breed” the digital shoe with another digital shoe to create “shoe offspring,” and, as per rules of acceptable shoe manufacturability, have the newly bred shoe offspring custom made as a new, tangible pair of shoes.”

As we can see, the buyers will have the opportunity to grant others the right to mix shoe designs. Also, third party will also have the right to parent the digital pair of shoes.

The question we ask today is: Do you think things have gone too far, or you’re up for this kind of change in the shopping experience?

Dec 03
Blockchain-Based Games

Microsoft Develops Blockchain-Based Ninja Card Game

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In a point in time when games are becoming more blockchain-based, who better to lead the revolution than Microsoft. The latest news in the gaming world come from the project that brought together Microsoft, game developer Eidos and gamebook firm Fabled Lands. Microsoft develops blockchain ninja game and the gaming community is eagerly waiting to see the outcome.

The Plot

The game in question will reflect the 1980s best-selling book called “The Way of the Tiger,” by Jamie Thomson and Mark Smith. The game’s title will be “Arena of Death”.

The story is set in the fantasy kingdom of Orb. The main character will be the participant acting as a ninja trying to avenge his adoptive father. Moreover, he or she will be on a quest to return the stolen scrolls.

Interestingly, developers purportedly have the plan to keep all the original features of characters in a game. Therefore, the story-line, the skills and the magic of the original book should be preserved.

Furthermore, the game will bear the title “Arena of Death”. You may have guessed that players will have the chance to fight through playing cards.

Blockchain, Tokens and Games

As stated previously, game developers will use tokens. VeChain Thor blockchain will issue the coins in question. These should enable the players to own the in-game items. This is what separates “Arena of Death” from many other games.

Namely, for some time now, blockchain-based games have been developing and players are getting used to collecting the in-game items and actually owning them. One of the authors of the original book, Jamie Thompson, reportedly said:

 “We were going to relaunch the series into a computer game format but this new technology (blockchain), just made more sense. Imagine playing Magic the Gathering but knowing if you owned a card, it really does belong to you. Or if we say there are only 100 editions of an item or skill, you know there really are only 100 editions.”

The Future of Tokenized Games

The estimates show that in 2025 the amount of network data will be 160 zettabytes. Many believe that blockchain has the advantage over other technologies when it comes to storing content. However, the problem of large file sizes remains. Either way, the blockchain application is on the rise in many industries, not just in the gaming world.

Nevertheless, this does not keep the developers from creating games of this kind. Obviously, people like to own assets that appear in a game. Therefore tokenization is becoming a mainstream.

As a quick reminder, there are “CryptoKitties” that everyone is talking about, as well as far more popular, but less marketed “Gods Unchanged”. ETH- based games are apparently rocking.  Fans of speed may already know that blockchain game F1 Delta Time organized an auction of  F1 car-branded NFTs (non-fungible tokens).

Are you a fan of collecting in-game items?

Aug 09
airplane blockchain platform

Etihad Airways Integrates Travel-Focused Blockchain Platform

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United Arab Emirate’s national airline has teamed up with a Switzerland-based blockchain startup to integrates Blockchain platform. Winding Tree, a decentralized business-to-business marketplace built on Ethereum will provide logistical support for Etihad Airways to provide its internal information systems, according to Coindesk.

This move is the attempt to explore using a blockchain platform to distribute products and services without the need for third parties. They currently manage its inventories like flight times, travel itineraries, and baggage tracking.

Winding Tree’s platform will allow corporates and institutions like airlines and hotels to publish available inventory to those customers directly. Currently, it is serving a number of airlines, hotels, and tourism offices globally. It’s including Air Canada, Air France-KLM, Lufthansa, Swissport, and Nordic Choice.

“We have been doing experiments and new solutions on the platform. Ultimately, that benefits the consumer. When there’s innovation, you start to have disruption. You have competition which results in better prices for the consumer“, Pedro Anderson, Winding tree’s chief operating officer told Reuters.

There is one more example of adopting blockchain technology in the world. Many international governments, airline companies, and airports are starting to adopt blockchain technology. We already wrote that Nevada is the latest US State to recognize the importance of moving to blockchain and introduces it to build a smart city.

 

 

 

Jun 25
Stellar Lumens (XLM)

Stellar Lumens (XLM)

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One of the stars in the crypto sky is Stellar Lumens (XLM). The home of the Stellar Lumens (XLM) is the Stellar network. This is the network on which XLM was built and where it acts as an asset.

Stellar Network and Stellar Lumens Overview

The Stellar network is an open-source, distributed network. It was developed in order to connect payments systems, banks and individuals. Stellar network is also owned by the community. The main focus of Stellar network is facilitating cross-asset transfers.

This means that it enables users to trade across platforms, as well as to do microtransactions. The stellar network is also on a mission to provide everyone with significantly low-cost financial services at maximum speed.

In order to transfer the assets across platforms and to send the money to anyone in a different currency, a user would need to use Stellar Lumens (XLM). It is the official intermediary currency of Stellar network.

Stellar.org is the non-profit organization behind the Stellar network. The network itself was founded in 2014 by the co-founder of Ripple, Jed McCaleb.

The Easiest Way to Buy XLM

Buying cryptos on Coinbase is the easiest way to get your XLM. First, a user must obtain Bitcoin or Ether and then use these currencies to buy XLM. Once a user opens the account on Coinbase there should be a deposit section with a list of selection of coins or tokens to deposit. Choosing either BTC or ETH is the first step in buying an XLM.

The Speed of XLM

As stated above, Stellar Lumens is really fast, as the creators were aiming for speed to be one of the two main advantages of XLM. Therefore, the transaction speed is approximately between 2 and 4 seconds. The other advantage, the transaction cost, is less than 1 cent.

Overview of Advantages of Stellar Network and of Using XLM

People often compare Stellar Lumens  to either Ripple  or Ether. Possibly because of the many similar features. However, no two digital currencies are exactly the same. Therefore, Stellar Lumens has certain advantages. Here they are:

  • Stellar network functions as a blockchain application development platform. This means that this network can serve as a generator of decentralized Apps.
  • Using the Stellar blockchain, new cryptocurrencies can be created – the same as with Ethereum.
  • Stellar is considered to be a rival to Ethereum, due to the fact that initial coin offerings can run on Stellar blockchain. Rivalry and competition in general can be a driving force for advancement and improvement.
  • Stellar network is extremely fast. This provides for no delays and instant transactions.
  • The transaction fees are unbelievably low and cost less than a cent.
  • Transaction gets verified by decentralized servers. This means that there are no miners competing against each other. All this creates no possibility for delays or high transaction costs.
  • Initial Coin Offerings (ICO) are less expensive and faster, enabling businesses to run ICOs on their network, increasing the demand and value of XLM.

 

Do you have any experience with XLM? Tell us about it.

 

Jun 19
smart city functioning on blockchain

Nevada Introduces Blockchain and Builds a Smart City

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Nevada is the latest US State to recognize the importance of moving to blockchain and accepting it as one of the fastest-growing industries today. Furthermore, Nevada is getting ready to build its one of a kind smart city functioning on blockchain.

During the first half of this month, Nevada legislators passed and signed four bills enabling blockchain investment in the state of Nevada, as well as further development of financial technology, education, innovation and promoting of high-quality jobs. As a quick reminder, virtual currencies are regarded as intangible personal property in Nevada and are therefore exempt from personal property taxation.

Nevada company Blockchains LLC reportedly acquired the German firm Slock.it. The main reason for this acquisition was the project on which Slock.it was doing. Namely, they developed a system which connects devices such as appliances and vehicles to the Ethereum blockchain using minimal bandwidth and power. This was obviously, more than enough for Blockchains to get interested and engage in further development of this project. They bought a piece of land in the Nevada desert (67,000 acres) for reportedly US$155 million, right next to the Tesla Inc. We can hardly wait to see the final result of this project.

Blockchain-Based Energy Supply

While waiting, we cannot but wonder how a smart city looks like? This is the subject where we can all let our imagination run wild. A smart city would, most probably, be energy efficient. Recently, we wrote about the ways in which blockchain can provide the households with opportunity to be energy efficient and to trade with clean energy at lower costs. This pattern can be applied to greater areas.

Imagine entire city running on “green” renewable resources. We can only assume that the next step in this direction would be development of artificial intelligence able to monitor and control the usage of energy in facilities. The purpose of such technology would be to manage the resources properly and to conserve energy as much as possible. Furthermore, if the energy is derived from renewable resources, we will be saving our planet. Regardless of Blockchains LLC, there are already companies who are pioneers in this way of thinking. We may not be aware of this fact because we take many gadgets for granted. Just think about the fact that we are using washers from manufacturers like Whirlpool, Samsung, and LG. These appliances can schedule certain activities in order to allow more efficient management of the power grid.

Blockchain-Based Water Supply

Speaking of water, there are predictions that blockchain-based water management would solve many problems in areas where this resource is in short supply. We can not overlook the fact that shortage of clean water makes it extremely valuable. In times to come, those with a good and developed water supply system would have nothing to worry about when it comes to survival.  Smart systems should be able to analyze the quality of water and detect leaks, for example. The next step is to regulate the steady flow and inform the consumers about the data gathered.

Moving entire industry to blockchain sounds like a science fiction today. However, just two decades ago, the world did not know anything about smart phones, drones, 3D printers, or social media. Herewith, we have mentioned the functioning of only two resources that we can not live without: water and electricity. Imagine what blockchain can do in the fields of safety, education, health care.

We are looking forward to seeing how things will unfold with Nevada’s Smart City. Meanwhile, we would love to hear your thoughts.