Why I’m Using Bitmarks on my Products « bunnie's blog🔒 www.bunniestudios.com
I hadn’t heard of Bitmark but it’s an interesting use of a blockchain for a non-currency use case.
Most people are familiar with blockchains through Bitcoin. Bitcoin uses the blockchain as a public ledger to prevent double-spending of the same virtual coin. This same public ledger can be applied to physical hardware products through a bitmark. Products that have been bitmarked can have their provenance tracked back to the factory using the public ledger, thus hampering cloning and warranty fraud — the physical equivalent of double-spending a Bitcoin.
This seems like a good solution to this problem.📌 Posted on October 19, 2017