Intex’s director Keshav Bansal told Mint, “We are starting with our supply chain management. The concept of 5ire working on layer 1 adds value to what we want. It is quite relatable and so we are starting with 5ire."
Bansal said blockchain technology is still in nascent stages. “Being early adopters will open a lot of opportunities, efficiencies, and other benefits-- right from supply chain management, raw material procurement, and manufacturing processes. We can also protect our brands from counterfeit products as tracking becomes easy with blockchain," he added.
After blockchain, Intex is also planning to tap into metaverse. Bansal said a metaverse store is in the pipeline. “We plan to open a store in the metaverse and showcase our products there. We will also run special offers and give customers the option to experience any kind of product from their home using virtual reality (VR)," he added.
Bansal said he is in active discussion with some partners over metaverse. But...
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