
How Physical-Backed Tokens Will Change the Future of Commerce
The Milk Road Show
00:00
NFC Chips and Blockchain Enabled PBTs
Halo stands for hardware locked smart contracts and they incorporate the scanning power of an NFC chip with the functionality of blockchain. Chirulabs, which is the company behind a zooky, are the driving force behind making PBTs an official ERC standard. The vital part right now of understanding this technology is what it enables for physical items. It's decentralization, decentralized item authentication, meaning anyone can authenticate an item.
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