Lowe’s Employs RFID, Blockchain to Combat Retail Theft
Retail TouchPoints
DECEMBER 16, 2022
Called Project Unlock , the new technology combines low-cost RFID chips and IoT sensors to activate power tools at the point of purchase while also creating a secure, publicly accessible and anonymized record of legitimate purchases on the blockchain. When the barcode is scanned at the register, it is then activated for use.
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