Cardano’s Collaboration Aims To Enhance IP Protection And Tackle Counterfeiting
The technical collaboration between the Cardano Foundation, Epoch Sports, and Merchandise aims to promote blockchain adoption within the licensed merchandise industry while bolstering the protection of licensed intellectual property (IP). By securely linking NFC chips to a blockchain record in the form of non-fungible tokens (NFTs), traditional licensed IP hologram tags on sports apparel will be replaced. According to the press release, this guarantees authenticity for purchasers and empowers license owners to combat counterfeiting effectively. For real-time visualization of all on-chain records on the Cardano blockchain, Pool.pm serves as a reference tool. Pool.pm provides an overview of the blockchain, allowing users to access the on-chain records. Frederik Gregaard, the CEO of the Cardano Foundation, said:Merchandise’s CEO, Alex Phelan, expressed enthusiasm about collaborating with the Cardano Foundation, highlighting it as a milestone in the licensed apparel industry. He emphasized that the partnership sets new intellectual property protection benchmarks and fosters fan engagement. James Micelli, Principal of Epoch Sports, acknowledged the immense potential of blockchain deployment in empowering consumers. James Micelli, Principal of Epoch Sports, acknowledged the immense potential of blockchain deployment in empowering consumers.Our work with Merchandise and Epoch Sports showcases the utility and accessibility of Cardano’s blockchain: any merchant can adopt blockchain solutions to give reassurance and confidence to customers that they are buying genuine articles. Diversifying blockchain adoption is a core part of the Cardano Foundation mission, and it’s fantastic to see more and more companies putting blockchain solutions into practice.
Featured image from Cardano Feed, chart from TradingView.com