Ethereum’s Blockchain to Secure Sneakers in Honor of Kanye West

in #crypto-news8 years ago


 Chronicled, a Silicon Valley based start-up, has unveiled a new method to verify the authenticity of high-end sneakers. Instead of using labels which can often be copied to a point where it is difficult to easily verify, a smart tag containing a PKI chip hosts an encrypted private key with the public key stored on Ethereum’s blockchain.
 

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So since you are trusting the 3rd party sneaker authenticator, how does linking the authentication to ethereum provide any value? Why not just refer to the authenticator's website ?