Utilizing Blockchain Expertise To Fight Retail Theft

The retail industry is one in every of the greatest sectors of the USA economy. Sadly, the COVID-19 pandemic has left the trillion-buck retail sector liable to in-store theft.

Findings from the Nationwide Retail Federation’s 2022 Retail Security Scrutinize indicate that retail losses from stolen items increased to $94.5 billion in 2021, up from $90.8 billion in 2020. Some outlets also relish to lock away particular merchandise to end theft, that can lead to reduced sales attributable to buyers’ inability to get entry to items.