O2feel wants to protect its electric bikes against theft with NFTs

After the NFTs at T’choupi, the NFTs in sports and the NFTs in terrorism, make way for the NFTs in cycling. The authentication technology promised as inviolable, because based on the blockchain, is entering the world of cycling. Cock-a-doodle Doo ! It is a French brand, O2feel, which puts the wheels in the dish and promises a marking of its electric bikes thanks to a technology proposed by its compatriot Ocode.

While 40% of the 400,000 bicycles stolen each year in France are found, only 2% of them actually find their owner, if not easily identified. This is what the legislation which has imposed the marking of new bicycles since 2021 is trying to counter. Nevertheless, between theory and practice, the reality differs. The current system can be circumvented.

O2feel wants to protect its electric bikes against theft with NFTs

The risk of having your bike stolen therefore remains a barrier for potential buyers of bicycles, especially expensive electric models. Unfortunately, preventing theft altogether seems like a waste of time. On the other hand, it is possible to discourage the hoodlum by making it ever more complex to resell or reuse a stolen bicycle. This is the logic behind O2feel’s approach. The French manufacturer wishes to affix a physical marking in the form of a cloud of points on the VAE which will leave its factories in the future.

Digital identity card and maintenance booklet

O2feel wants to protect its electric bikes against theft with NFTs

O2feel and its partner Ocode promise to provide a kind of digital passport for bicycles, tamper-proof and based on in-house blockchain technology. Each marking is published in the form of NFT and therefore becomes tamper-proof. O2feel wants to provide more than just identification and promises to use this digital passport also as a maintenance book to keep a bike in good working order. By opening up the reading of the code to bicycle dealers, they will find the history of the interviews carried out, which will also make it possible to detect a bicycle declared stolen.

As often, the strength of such a system rests largely on its widest possible adoption, accompanied by general awareness. The participation of resale platforms like Leboncoin also seems essential to reduce the opacity that surrounds the second-hand bicycle market.

Advertising, your content continues below

Leave a Comment