Revolutionizing Luxury Products: Blockchain and NFC Technology Team Up for Authenticity and Ownership Verification
NFT technology has been used by SEAL SQ’s Asset Security to create a unique identifier for each item, providing authentication and ownership verification. The VaultIC155 NFC secure element can be embedded in luxury items, allowing for easy authentication with NFC-enabled devices. This technology enables brands to issue digital certificates and securely validate them, ensuring the legitimacy of the product.
When a certified product is scanned, the information is recorded on a blockchain ledger, creating a transparent and secure system for tracking each item’s history. The concept of a “Product Birth Certificate” includes details like manufacturing date and company information, offering a comprehensive view of the product’s life cycle.
WISeKey and SEAL SQ hold over 46 patent families and more than 100 individual patents, covering secure chip design, Near Field Communication (NFC), cryptography, and other areas. This technology has been successfully used to secure various products worldwide, including jewelry, high-end watches, and art pieces.