Nike has been recently awarded a blockchain patent by the USPTO to create digital versions of its shoes. Nike said that its customers will now be able to register the purchase of their shoes with a unique identification number.

An equivalent digital version of the shoe will be created through a cryptocurrency wallet connected with the user’s unique ID. The Blockchain will help users verify the authenticity of the shoes that the customers are purchasing.

The digital version of the shoes will contain a cryptographic token based on the Ethereum platform. In addition, it will also have information about the physical features of the product, including color, the material used, manufacturing details, and their “eco-sustainability” factor.

The registration of the product on blockchain would allow users to “securely sell or trade” the tangible form of the shoes.

It is noted that the “rights” to sneakers can be stored in a digital wallet along with the cryptocurrency. Also, with the help of digital media, Nike will be able to control sales volumes of CryptoKicks. The company has not yet announced the launch date.