Latest Nets News

  • Blockchain Verifies the Authenticity of Non-Genuine Nikes
    Blockchain Verifies the Authenticity of Non-Genuine Nikes
    An Australian custom shoemaker is using VeChain to verify the authenticity of its licensed Nike shoes. Blockchain-based traceability platform VeChain will be used to power the issuance of a limited-edition run of licensed Nike Air Max 1 shoes. Announced on June 24, Australian shoemaker Chase Shiel and retailer The Kickz Stand have partnered to produce a limited run of the sneakers — which are also based on Stussy’s ‘SB Dunk’ shoe that was launched in 2005. The shoes will go on sale from June 28 and will be sold exclusively through Chase Shiel’s website. VeChain authenticates custom footwear The Kickz Stand announced the upcoming limited release of the Air Max 1-inspired shoes on June 24, with a tweet emphasizing that the shoes will be traced using VeChain’s ToolChain Suite and Thor Blockchain. The Australian shoemaker first revealed that they were partnering with VeChain in November 2019, tweeting that the traceability platform would be leveraged to prove authenticity and fight counterfeit products. Chase Shiel’s shoes are shipping with VeChain’s tracking chip, which allows customers and retailers to access detailed product information by scanning a QR code. While the decision to work with a licensed shoe manufacturer to ensure the authenticity of non-genuine Nike’s may amuse some, Redditor ‘Nopers5’ believes the blockchain firm is angling to get a call from Nike proper once they spot VeChain’s work with licensees: “This is the best strategy by Vechain.