Nitches plans to make its OVS available to other businesses that want to protect their merchandise from counterfeiting in the future, the company said in a media release.
The company sews a unique QR code into every item it manufactures. Buyers can scan these codes to register their products with a phone number and/or email address on Nitches' proprietary mobile app to verify ownership and originality. The easy-to-use mobile app was designed to work on both iOS and Android devices.
After a QR code is scanned, Nitches' OVS stores the information on a blockchain to ensure the transaction is completely safe and secure. Blockchain-based metaverse environments will also allow Nitches to protect its NFTs (non-fungible tokens) of its clothing items in the digital world, leading to increased interactivity and more secure ownership.
"Because we are working with celebrities and our collections only include 200 – 300 select clothing items, it was paramount that we safeguard our intellectual property and luxury brand," said John Morgan, Nitches' CEO. "We believe our verification technology will be a game-changer for other companies worried about counterfeit products in industries from fashion to sports equipment to home furnishing."
Fibre2Fashion News Desk (KD)