Blockchain

KoineArth is working on NFT to provide proof for ownership of digital assets

KoineArth is an Indian Blockchain startup that has made its intention to use NFT to facilitate various enterprises, public. The startup is planning to attract a clientele from different sectors be it car manufacturing, the service industry, or any product manufacturer and seller for instance by leveraging them with Supply chain value addition using Non-Fungible token (NFTs).

NFT is essentially a tool that uses blockchain technology to provide proof of ownership of a digital asset such as an artwork, a pdf file, or even an invoice. This would help the enterprises determine the origin of any digital document and would be an aid where the enterprises are required to comply with the Extended Producer Responsibility (EPR) norms.

Source: Economic Times

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