Product lifetime using distributed ledger technology
Abstract:
Systems, methods, and devices are disclosed for authenticating and predicting the remaining lifetime of a resold product. Telemetry data is received from a transceiver within the product, which is then stored within a distributed ledger. The lifetime of the product is determined by analyzing the telemetry data in the distributed ledger according to one or more models. In response to receiving a query about the product, the user is granted read access to the distributed ledger, including read access to the determined lifetime of the product and the authentication of the product (in real or near real time).
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