AMAZING: Lowe’s Just Tested Out A Way To Stop Retail Theft That Could Totally Change The Game… –...

During the crime wave of the last three years, public attention has been drawn to robberies carried out by groups of robbers, with some retailers and convenience stores spending millions on new security measures or closing locations in dangerous cities.
Lowe’s has launched Project Unlock, which employs blockchain and RFID technology to render tools “inoperable and virtually worthless” if they are stolen from a Lowe’s location.
“At the store, a customer takes the product to the register, gets the barcode scanned, and pays,” according to a webpage from Lowe’s Innovation Labs. “A point-of-sale RFID scanner reads all tags in range, finds the tool with the correct serial number, and writes a unique secret key value that activates the tool for use. Only products that are legitimately purchased are activated. If a power tool is stolen, it won’t work, which makes it less valuable to steal.”



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