The importance of Product Information

New processes attempt to steer consumer behavior in a more sustainable direction. This new behavioral practice of buying, using, selling is financially beneficial to many users.

The belief that future products will be owned and used by a number of consumers, rather than just one, where products will have lives that are ambivalent to traditional models of ownership and will have memories and “smartness” that are independent of their current users. That provokes a product-centric approach, where the needs of a product will be seen as more important than the needs of its consumer.

Product information is an important factor in the exchange practice to ensure trust, information attached to the asset enhances the commitment and reduces the chance of any fraudulent activities occurring.

For that, these new emerging solutions will have to rely on web3 and blockchain technology infrastructure, reporting on usage and product status.