How is this related to the retail industry?

Well, this goes on to show you that a simple chip inserted in a product can contain vast amounts of information. And if the information contained in this chip is recorded on the blockchain, it becomes immutable and unforgeable:

In the same way, such chips can be added to most retail products.

It is likely that many clothes, footwear, bags, perfumes, sun glasses, cosmetics, luxury goods, medicines, and so on will benefit from a transparent authenticity verification platform that will have scale and will be mass adopted. This would allow customers to scan footwear (through a barcode or a chip inserted ...

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