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Another major institution recognizing the value of NFTs and their underlying blockchain technology appears to be another day.of European Union Intellectual Property Office (EUIPO) recently unveiled a new blockchain-based tracking system used to combat counterfeiting.
According to the official announcement, Intellectual Property (IP) Owner You can create NFTs that authenticate the goods you produce to prevent counterfeiting. This new development will design a registry that caters to EU intellectual property owners, retailers and distributors.
Previous signatories can also be added to ensure total cohesion when IP holders put their products on the system. The project is already important, but the EU will survey public opinion on the issue through his December 2018 webinar. September 13, 2022.
Following this, the new tracking system will be fully rolled out by 2023, serving stakeholders in all EU Member States. This is because the EU has been fine-tuning its treatment of NFTs as an asset class over the past few months. Given how ambitious the project is and how widespread its application is, it’s no exaggeration to say that NFTs have been incorporated into her EU good books.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
