Unknown Organization (20240265403). BLOCKCHAIN SYSTEMS AND METHODS FOR PROTECTING BRANDS, OPERATORS AND CONSUMERS AGAINST COUNTERFEITING simplified abstract

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BLOCKCHAIN SYSTEMS AND METHODS FOR PROTECTING BRANDS, OPERATORS AND CONSUMERS AGAINST COUNTERFEITING

Organization Name

Unknown Organization

Inventor(s)

David R. Mccullough of Denver CO (US)

Jessica L. Billingsley of Denver CO (US)

BLOCKCHAIN SYSTEMS AND METHODS FOR PROTECTING BRANDS, OPERATORS AND CONSUMERS AGAINST COUNTERFEITING - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240265403 titled 'BLOCKCHAIN SYSTEMS AND METHODS FOR PROTECTING BRANDS, OPERATORS AND CONSUMERS AGAINST COUNTERFEITING

    • Simplified Explanation:**

The patent application describes a system where each item's packaging label contains a scannable code that encodes a nonfungible token (NFT) associated with the item. A handheld device can scan the code, extract the NFT, authenticate the item through a blockchain network, and display the authentication status to the user.

    • Key Features and Innovation:**
  • Packaging labels with scannable codes encoding NFTs for item authentication.
  • Handheld devices for scanning and extracting NFTs from the codes.
  • Blockchain network for authenticating items and retrieving data for display.
  • Real-time authentication process for users to verify item authenticity.
    • Potential Applications:**

This technology can be used in various industries such as retail, luxury goods, pharmaceuticals, and collectibles to authenticate products and prevent counterfeiting.

    • Problems Solved:**

This technology addresses the issue of counterfeit products by providing a secure and reliable method for authenticating items through blockchain technology.

    • Benefits:**
  • Enhanced security and trust for consumers.
  • Prevention of counterfeit products entering the market.
  • Real-time authentication process for quick verification.
    • Commercial Applications:**
  • "Blockchain-Based Item Authentication System for Retail and Luxury Goods"
  • This technology can be implemented by retail brands and luxury goods manufacturers to ensure product authenticity and build consumer trust.
    • Prior Art:**

Prior art related to this technology may include research on blockchain-based authentication systems, NFT technology, and anti-counterfeiting measures in various industries.

    • Frequently Updated Research:**

Researchers may be exploring advancements in blockchain technology, NFT standards, and authentication protocols to enhance the security and efficiency of item authentication systems.

    • Questions about Item Authentication System:**

1. How does the use of blockchain technology enhance the security of item authentication? 2. What are the potential challenges in implementing this technology in different industries?


Original Abstract Submitted

each item's packaging label displays a scannable code, such as a quick response (qr) code, into which a nonfungible token (nft) associated with the item has been encoded. a handheld device can be used to scan the scannable code, convert it into a data signal, extract the nft from the data signal, process the nft to obtain a unique identification (id) of the item, and forward the unique id to the blockchain network. the blockchain network processes the unique id to authenticate the item, retrieves the data that was used to create the nft from memory if authentication is successful, and forwards the retrieved data to the handheld device. the handheld device receives the forwarded data, processes it and causes it to be displayed on the display device of the handheld device to show the user that the item has been successfully authenticated by the blockchain network.

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