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Colnago Turns to Blockchain to Counter Bicycle Theft

Colnago Turns to Blockchain to Counter Bicycle Theft

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Bike producer Colnago plans to use blockchain expertise to counter theft and counterfeiting.

  • The Italian firm would be the first bicycle producer to hyperlink its merchandise to a distributed ledger, in accordance to an announcement Thursday.
  • Blockchain expertise will probably be used to present prospects with proof of validity and possession to fight theft and counterfeiting on all Colnago frames beginning subsequent yr.
  • Colnago has partnered with Italian tech agency MyLime, the developer of a radio-frequency ID tag linked to the bike body and, by extension, its digital passport that’s linked to the blockchain.
  • The innovation will debut Sept. 26 with the bike ridden by 2020 and 2021 Tour de France winner Tadej Pogačar on the UCI Road Racing World Championship in Belgium.

Read extra: $3M Was Stolen, however the Real Steal Is These Kia Sedonas, Say Anonymous Developers

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