KULR Launches Blockchain for Product Verification
KULR Technology Group is at the vanguard of energy management by instituting a supply chain system based on blockchain technology. The primary aim is to reinforce data integrity, further enhance transparency, and ease global inventory tracking for its customers.
Blockchain: Making the Opaque Transparent
This Technology Group is opting for decentralized blockchain technology rather than traditional tracking manners. KULR will record every product on a distributed ledger as a tamper-proof, time-stamped entry. This means only one source of truth exists to minimize data manipulation and unauthorized access.
The blockchain model further gives KULR full traceability to check product authenticity, shipments, and audits. The company will begin with lithium-ion batteries tested under NASA’s stringent WI 37A methodology. KULR will securely record the testing results on the blockchain, giving future users access to a reliable performance history.
NFT for Owners and Transparency
This Technology Group takes the next step in engaging with transparency by minting the metadata of each battery into a non-fungible token (NFT) for that battery. When a customer buys a battery, KULR transfers the NFT to their digital wallet. Alternatively, KULR could just move the said NFT into a “burn” wallet to indicate completed ownership transfers. For bulk buyers, KULR makes available dedicated wallets to ease NFT transactions.
KULR developed an internal UI and integrated it with encrypted, company-owned wallets to run the new system. This tool enables real-time inventory traceability. The entire system runs on a customized rollup built on Coinbase’s Base L2 chain and backed by Ethereum, providing guaranteed scalability and security.
Bitcoin Strategy Shapes Future Vision
KULR’s venture into blockchain began with its BTC treasury strategy established in Dec 2024. The company decided to utilize up to 90% of its surplus cash into Bitcoin on the board level. Today, This Technology Group owns 668 Bitcoin. CEO Michael Mo will present this strategy as a case study at the upcoming Strategy World event in Orlando.
Conclusion
Integration of blockchain and NFT into the processes of KULR creates a paradigm shift in the management of supply chain systems. By bringing together energy technology and solutions from Web3, the company can now boast a secure, transparent, and more efficient process. Truly, this kind of foresight puts KULR at the helm of clean technology and further digital innovation.