Authenticity
The DigiWear Network was created from identifying the real word problems with counterfeit fashion products.
We are developing a decentralized application that will onboard legitimate partners and facilitate minting of iNFTs (identity) as a fault tolerant solution for counterfeits. This creates a globally trusted certificate that is transferred to consumers throughout the products journey.
Authentication Process
Retailer owns original stock. They mint the iNFTs based on quantity and attach each product with a specific RFID/NFC tag.
The iNFTs are transferred when a customer scans the tag with the DigiWear ID reader. The purchase can be made on the DigiWear marketplace or via the native retailer website.
When the consumer decides to resell the authentic product they list its respective iNFT on the marketplace.
A purchaser buys the product and an Escrow contract is formed between the parties that holds deposits, funds and the iNFT.
After the real product is delivered the purchaser scans the ID, confirms they are happy with quality, and the assets are released to the respective parties.
Disputes
With a system that manages peer-to-peer authenticity there is a requirement to facilitate dispute processes when either party is not satisfied.
Escrow deposits derived from listing price incentivise each party to act rightfully through the transaction process. Based on the outcome any party may lose this deposit.
Through the transaction process parties provide satisfaction reviews and if they are not positive disputes are activated.
Off-chain courier data and IoT data is called once a dispute is activated. This aids the smart contract decision process into whether an item was delivered appropriately.
The dispute result is calculated and the escrow contract releases assets accordingly. iNFTs may be burned if the authenticity of a product is compromised.
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