Ethereum Casper PoS by the first quarter of 2020 Nike to Tokenize Shoes on EthereumDecember 11, 2019
Nike, the Shoe manufacturer, has received a patent to tokenize the shoes on Ethereum. The document has been posted on December 10, 2019, at the U.S. Patent and Trademark Office. Nike will be generating unique IDs and will be creating ERC 721 tokens for some shoes. People will be able to unlock the tokens by purchasing physical shoes. These tokens will be linked with unique owner IDs to signify their ownership.
Thus, Nike will be representing the digital shoe; the token has the record of the so-call genotype information on the digital shoe providing for attributes like colors, styles, and backgrounds. With the patent that users will be able to exert improved control on their shoes and shoe designs. Owners will be able to set the limit about the numbers of how much of their proprietary shoes can be cloned and produced. Surrogacy features and the parenting and Nanning features provide for third parties to take care of their shoes. There are real-world manufacturing restrictions due to breeding rights and real-word manufacturing restrictions.
“Fashionable shoes have already acquired traits of stocks and futures,” and no winder Nike is tokenizing footwear.
Banco Santander, a multinational banking giant in Spain, have re-deemed $20 million bonds by making use of Ethereum Blockchain. They have made an early repayment of their blockchain-based bond, which was issued on September 10, 2019. The public Ethereum blockchain can thus be applied to the issuance of security across the lifecycle of the security.
On December 10, 2019, John Whelan, stated, “We just performed an early redemption of our blockchain-based bond that we issued on September 10, 2019. This unequivocally proves that debt security can be managed through its full lifecycle on a blockchain (public in this case).” Santander makes use of blockchain to speed up and improve on the bond issuance.
The price of the Ethereum was at $145.13 when the news was written. Ethereum has been consolidating over the past few days. Several Altcoins like Stellar Lumens, NEO, and TCAT tokens have been doing the same lately. The consolidation phase started back in mid-November.
The ETH is below its EMAs, and the price is expected to fall further. The price of the ETH is below the 200-day EMA in terms of volume, and the price is hovering somewhere near $6.5 billion a lot like the past week. The sellers are very much in control of their decisions, and there will probably be downside volatility.
The community is awaiting the release of Casper PoS by the first quarter of 2020.