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Provenance & Authenticity Validation on Ethereum





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Next update : 1 month, 2 weeks ago | Last updated : 1 month, 2 weeks ago


{"ops":[{"insert":"CryptoKaiju is an innovative project that combines NFC technology and Ethereum to improve how provenance and authenticity is verified for physical items such as collectibles. \n\n"},{"attributes":{"underline":true,"bold":true},"insert":"How it works"},{"insert":"\nCurrently the technology is being applied to collectible vinyl toys, but could be applied to other items such as physical art, or fashion with the latter being trialed by Nike. \n\nA unique serial number is created (In the case of CryptoKaiju this is the locked serial number of the NFC tag) which is applied to the physical item. "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"The item is recreated as a non fungible token with the unique serial number used within the Meta information. "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"The token is distributed to the person who purchases the physical item."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"The physical item is distributed."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"When receiving the physical item authenticity can be validated by scanning the NFC chip and checking that the ID matches that of the token."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\n"},{"attributes":{"link":"https://cryptokaiju.io/wp-content/uploads/2020/01/Screenshot-2020-01-14-at-17.46.54.png"},"insert":"Diagram of how it works"},{"insert":"\n\n"},{"attributes":{"underline":true,"bold":true},"insert":"Why are we fundraising?"},{"insert":"\nThough established in the space with a solution that works, the current iteration of CryptoKaiju is \"clunky\" requiring users to already have an understanding of blockchain technology, a wallet already setup and requires multiple steps to verify the authenticity of a physical object. We would like to use the funds to make the technology ready for mainstream adoption including building apps for validating from a mobile device.\n\n"},{"attributes":{"underline":true,"bold":true},"insert":"More information"},{"insert":"\n"},{"attributes":{"link":"https://www.nba.com/kings/blog/sacramento-kings-partner-cryptokaiju-launch-first-physical-crypto-collectible-professional"},"insert":"Sacramento Kings Partner with CryptoKaiju to Launch First Physical Crypto-Collectible in Professional Sports"},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"link":"https://www.forbes.com/sites/rebeccacampbell1/2018/11/28/physical-meets-digital-cryptokaiju-launches-first-collectible-toys-on-the-blockchain/#846a73241da6"},"insert":"Physical Meets Digital: CryptoKaiju Launches First Collectible Toys On The Blockchain"},{"attributes":{"list":"bullet"},"insert":"\n"},{"attributes":{"link":"https://medium.com/cryptokaiju/2019-in-review-1-year-of-cryptokaiju-bf4388369317"},"insert":"CryptoKaiju: 2019 in Review"},{"attributes":{"list":"bullet"},"insert":"\n"}]}

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