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.

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