SHOPX: RWA-Powered E-Commerce
  • Introduction to SHOPX
    • 📑Introduction to SHOPX
    • 💡Problems SHOPX Solves
    • 📈Market Opportunity
    • 🥸Global Counterfeit Market
  • The Decentralized Ecosystem
    • 💳Decentralized E-Commerce
    • 💰Staking and SquadX
  • SHOPX Protocol
    • ✅Authenticating RWAs with SHOPX and NFCs
    • ⛓️The RWA Encoded NFC Chip
    • 🔍Third-Party Verification
    • 🧐Authentication for Fraud and Forgery Resistance
    • 😌Confidence in the Secondary Market
    • 👮Insurance Fraud and Central Authorities
  • How NFTs Benefit E-Commerce
    • 🛍️Transforming Affiliate Marketing
    • 🤖Bot Prevention
    • 🎉Exciting Customer Activations
  • Supply Chain and B2B Benefits
    • 📦Decentralized Inventory Database
    • 🗂️Advanced Product Tracking
    • 🚦Automation Through Smart Wallets
  • Economic Theory
    • 📲Why E-Commerce Needs SHOPX
    • 🤚The Invisible Hand
    • ⚖️Supply Chain Pareto Efficiency
  • For Projects and Brands
    • 📘Project Collab Form
    • 📗Brand Collab Form
  • Important Links
    • 🌐SHOPX Website
    • 🐤SHOPX Twitter
    • ↗️SHOPX Telegram
    • 👾SHOPX Discord
    • Ⓜ️SHOPX CoinMarketCap
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  1. SHOPX Protocol

Insurance Fraud and Central Authorities

Authenticity verification and traceability in purchase history can potentially aid in insurance fraud and similar investigations by centralized authorities. If the NFC chip is missing or damaged, if the chip is linked to an NFT that cannot be verified, or if the fraudster simply did not realize there was a chip to be scanned, authorities can use the SHOPX protocol to better conduct their investigations.

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Last updated 11 months ago

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