Today, February 28, Startup Kardia Labs with an office in Ho Chi Minh City launched the Kyokai technology solution, creating a bridge for physical products to appear in the digital world , a way to reach the global market for Vietnamese products.
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| Fashion show at Le Thanh Hoa's show was broadcast live to the digital world via Kyokai |
“We believe that in the next decade, we will live in a world of online-offline convergence, meaning that all products-activities or locations-locations in the real world will be directly and uniquely linked to an identifier in the digital world. As a result, there will be an urgent need to circulate this source of information to go from the real world to the digital world and Kyokai is the technological solution to do this: connecting the real and virtual worlds together”, said Mr. Huy Nguyen, co-founder of Kardia Labs, CEO of KardiaChain.
Kyokai, which means Beyond the Boundaries in Japanese, is an e2e solution that identifies and digitizes physical products in the real world into the digital world. The Kyokai technology solution consists of two parts: the infrastructure that connects to the online world and the physical NFC chip attached to the product.
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Register and transfer digital ownership of physical products via mobile app |
Specifically, when an NFC+ chip (the latest generation of smart NFC that supports information encryption) is attached to a physical product, this NFC+ chip will connect to the app (a separate application) to help the product identify itself on the app, so that manufacturers and business-exploiting units can store and manage digitized products in the most scientific way.
In this way, a unique digital version of the physical product, NFT (Non Fungible Token), is created, which is 1-1 connected to the physical product and stored on the blockchain to create transparency and uniqueness.
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The process of bringing physical products to the digital world |
Mr. Tri Pham, Chairman of KardiaChain shared: “Kyokai technology solution is a complete end-to-end ecosystem for manufacturers to identify their physical products online or in the digital world; manage information and be a bridge between three sides: manufacturers, products and consumers. Furthermore, Kyokai contributes to orienting manufacturers, service providers, opening up new directions for product development, thereby increasing the value of the product”.
This technology has the ability to diffuse information of physical products from the traditional market to the digital market; from there, consumers as well as those who need to buy the product can access product information in the most detailed, transparent and fastest way possible. From this useful feature, Kyokai technology solution helps increase the value of the product many times, especially limited edition products.
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ORTHO Jacket with Chip, Physical and Digital Version |
A real-life example that has been seen in the world is Nike's RTFKT launching web3 sneakers by attaching NFC chips to connect NFC-NFT, this event shocked the world when Nike earned 185.65 million USD in revenue from selling NFT. In Vietnam, designer Le Thanh Hoa used this technology for a unique show in collaboration with Ortho - a digital fashion platform on Metaverse.
“Vietnam is a country that produces many unique products with strong cultural values, such as craft village products, or handicraft products... and Kyokai technology solutions are expected to create a driving force, helping to increase the value of Vietnamese products and the country's manufacturing industry. When applied, Kyokai will bring Vietnamese products to the world through the digital world with NFT, elevating and affirming the value of Vietnamese products. This is the first e2e technology solution in Vietnam, and will be an important part of the product globalization strategy of the application units.", Mr. Tri Pham added.
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Kyokai has developed the app for Raramuri (metaverse running app) and is currently working on the app for the upcoming Dalat Ultra Trail 2023 |
The Kyokai developer said that applying this technology solution to a product will require certain requirements for product design, and the Kyokai technology solution will maximize its functionality when applied for long-term use. This e2e solution includes platforms for consumers to exchange products with each other both online and offline, such as with Kardiachain (blockchain infrastructure), Raramuri (metaverse running application), Ortho (digital fashion)...
It is known that the NFT+ chip of Kyokai technology solution provider fluctuates from 10c to 10 USD/chip. The management cost is about 100,000 VND/1 product. Depending on the application, there will be compatible chips with the same durability as the product. KardiaChain already has an ecosystem and fully functional to support the technology when it is launched on the market. Compared to the world, this technology of the company benefits from the existing KardiaChain ecosystem (due to its ownership of the technology) and transaction fees on the blockchain are much cheaper than other ecosystems.
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