The deafening noise surrounding the NFT token market leaves little room for the multiplicity of its possible applications. A sector where the heads of CryptoPunks are planted on peaks to signal the current speculative frenzy. With for several months now a kind of accumulation of motley collections as diverse as …………… (to complete with the word of his choice). But the function of NFTs is not just to generate 10,000 characters with random rarities in the hope of selling them one day at Sotheby’s.
Bad tongues and allergies could start this article by saying thatthere are also some really useful applications for NFTs. And that they are not just those random and worthless stickers into which the current speculative bubble has transformed them. This with tens of ETH that end up representing hundreds of thousands of dollars. And actors of the traditional economy who come to take this bandwagon in order not to miss the explosion (too) often announced, but not yet effective.
This with as latest arrival the company Visa which acquired CryptoPunk # 7610 for posterity … and a transfer of 49.5 ETH. But behind this acute digital collectible crisis lie other areas of application for these non-fungible tokens. A very different way to capitalize on the uniqueness and immutable inscription on the blockchain. Features exploited in the field of logistics by a French startup. And whose implementation has just found a partner of choice with the e-commerce giant Cdiscount.
Cdiscount + NFT = traceability
The information was made official yesterday, following a publication by Gregory Raymond of Capital magazine. This is about Cdiscount’s new package traceability policy. A procedure that now integrates the use of NFT tokens, to ensure flawless tracking of its packages until their final destination. And an implementation that follows a recent “Open Innovation” conference organized by the company on August 31. With a central theme that revolved around his “methods to take advantage of the startup pool”. And a fishing that seems to have allowed to get out of this aquarium of innovation the company Ownest.
This has just resulted in the signing of a 3-year contract between the two companies. This followed an 18-month testing period that was obviously successful. With no less than 100,000 shipments already managed over this period. And a target of 2.5 million packages (over 30 kg) accompanied in this way as part of this contractual commitment. This is in the form of a “responsibility token” which is managed by each new actor who validates its receipt.
« Each time a physical product is transferred to the logistics networks, the actors will transfer the token of responsibility to each other. ( … ) Ownest creates a virtuous circle of trust and eliminates errors across the entire logistics network at both shipping and receiving. “- Clément Bergé-Lefranc, CEO of Ownest
A next migration to Polygon
A solution that has been based since its implementation in 2017 on the Ethereum Classic (ETC) blockchain. But who should according to some official announcements of Ownest export soon on the Polygon network (MATIC). A good initiative, undoubtedly possible. Because this will allow him to benefit from the security offered by this very popular layer 2 of the Ethereum network. But while taking advantage of much more affordable transaction fees. Because the objective displayed by the company Cdiscount in this case remains very clear.
« We are sure to use the best tool to improve lead time, customer satisfaction and decrease network complaints. “- James Rebours, Cdiscount supply chain manager
A news to mark with a white stone (but not EtherRocks type). Because it allows us to talk about NFTs in a resolutely different and innovative context. But also to confirm that their possible use cases are limited only by the imagination of those who will integrate the features into their business sectors. For there is no doubt that this is where the real revolution in the field lies.
Note: there is no cryptocurrency related to the Ownest project, no need to search. Because this would be “an unnecessary overlay of complexity for the application”, according to its CEO.
