The Ethereum blockchain has yet another game changer added to it’s ranks.
This one is called Chronicled.
According to it’s official website, the aim of Chronicled is to link the physical world to the blockchain.
They want you to imagine a world where anything can be interactive.
Consumer products and locations can be given a unique digital identity which allows apps to connect and interact.
You would be able to view in-depth product information, claim ownership of an item, create shoppable showroom experiences, and verify a product’s authenticity.
According to the website crunchbase.com,
Chronicled is developing turnkey solutions enabling physical property to be securely linked to a blockchain for authentication, e-commerce, provenance, supply chain, and finance related use cases.
The company has published an open source protocol for the Internet of Everything (IoE) at Chronicled Open Source.
Building on top of that protocol, Chronicled’s proprietary platform, comprising of hardware and software components, enables development of consumer and enterprise applications for physical goods, devices, machines, and product packaging.
Microchips embedded in products, devices, and machines broadcast tiny radio signals over the air containing unique data.
iPhone and Android phones constantly scan for these signals.
If they enter within range an associated app responds.
For example, an app could offer the option to Buy It Now, verify the authenticity, or send a push notication that an item is on sale.
Why is this a good idea?
As explained here
Serial numbers, QR codes, UPC codes, bar codes, and other unique identification systems can all be cloned or copied.
Currently the global market for fake and counterfeit products is $1.8T—which is 10% of the U.S. gross domestic product. This is an enormous problem for Brands today.
By using secured microchips and registering them to their open sourced program on Ethereum’s blockchain, Chronicled can solve the problem of counterfeiting and provide an open database that improves the issues with communication.
I guess other than creating influences on the electromagnetic frequencies of our cells and more importantly our brain, the idea shared here have potency and beautiful potential to help this world being a better place to live in. Thank you for sharing this news that has a huge future on the blockchain technology recognition.
All for one and one for all! Namaste :)
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I'd be lying if I said that didn't also bother me. Maybe we should look into designing tinfoil hats to be more fashionable!
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I think you just gave me a good idea!? ;) Now, I'll off designing... Namaste :)
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bah ether, more BitShares!
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ethereum is a sick blockchain
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Even if one checks Ethereum space several times a week at minimum, you'll still miss all kinds of cool projects popping up. Vitalik will be remembered as one of the greatest if this keeps up.
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bem informativo gostei de seu artigo sobre este assunto.
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Wow you are gorgeous! I will definitely read later.
Resteemed
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Oh wow, hadn't heard of chronicled before, TIL! Thanks!
I wonder if this could be one of the reasons of eth's spike lately. :3
Should really get back to crypto'ing. :D
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Perhaps.. there's also been a couple ICO's that opened over the last few days. Who knows!
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Please no Im still struggling with Steemit lol :)
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I really hope ethereum can develope something that shows working with microsoft is more than just talk. This may be a step in the right direction, but i dont have confidence in them yet. Although i hold some coins, i question everyday why i have not sold them to buy stock or increase my genesis mining hash power.
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