KULR Launches Blockchain to Create Secure and Verifiable Supply Chain
KULR Technology Group (NYSE: KULR) has launched a blockchain-based supply chain initiative to enhance security and transparency in product tracking. The company will record product metadata, including NASA WI 37A-certified lithium-ion batteries, as non-fungible tokens (NFTs) on a customized rollup to Coinbase's Base L2 chain.
The system will allow for secure transfer of NFTs to buyers' wallets or KULR's burn wallet to indicate ownership changes. KULR has developed an internal UI tool that syncs with encrypted wallets to monitor inventory. This initiative follows KULR's December 2024 bitcoin treasury strategy, under which the company has acquired 668 BTC using up to 90% of its surplus cash reserves.
KULR Technology Group (NYSE: KULR) ha avviato un'iniziativa basata sulla blockchain per la supply chain, con l'obiettivo di migliorare la sicurezza e la trasparenza nel tracciamento dei prodotti. L'azienda registrerà i metadati dei prodotti, inclusi i pacchi batteria agli ioni di litio certificati NASA WI 37A, come token non fungibili (NFT) su un rollup personalizzato collegato alla catena Base L2 di Coinbase.
Il sistema consentirà il trasferimento sicuro degli NFT ai portafogli degli acquirenti o al burn wallet di KULR per indicare i cambiamenti di proprietà. KULR ha sviluppato uno strumento UI interno che si sincronizza con portafogli criptati per monitorare l'inventario. Questa iniziativa segue la strategia di tesoreria in bitcoin di dicembre 2024, con cui l'azienda ha acquisito 668 BTC utilizzando fino al 90% delle riserve di liquidità in eccesso.
KULR Technology Group (NYSE: KULR) ha lanzado una iniciativa de cadena de suministro basada en blockchain para mejorar la seguridad y la transparencia en el seguimiento de productos. La compañía registrará los metadatos de los productos, incluyendo baterías de iones de litio certificadas NASA WI 37A, como tokens no fungibles (NFTs) en un rollup personalizado en la cadena Base L2 de Coinbase.
El sistema permitirá la transferencia segura de NFTs a las billeteras de los compradores o a la billetera de quema de KULR para indicar cambios de propiedad. KULR ha desarrollado una herramienta interna de interfaz de usuario que se sincroniza con billeteras encriptadas para monitorear el inventario. Esta iniciativa sigue a la estrategia de tesorería en bitcoin de diciembre de 2024, bajo la cual la empresa ha adquirido 668 BTC usando hasta el 90% de sus reservas de efectivo excedentes.
KULR Technology Group (NYSE: KULR)는 제품 추적의 보안성과 투명성을 강화하기 위해 블록체인 기반 공급망 이니셔티브를 시작했습니다. 회사는 NASA WI 37A 인증 리튬이온 배터리를 포함한 제품 메타데이터를 Coinbase의 Base L2 체인에 맞춤형 롤업으로 대체 불가능 토큰(NFT)으로 기록할 예정입니다.
이 시스템은 소유권 변경을 표시하기 위해 NFT를 구매자의 지갑 또는 KULR의 소각 지갑으로 안전하게 전송할 수 있도록 합니다. KULR은 암호화된 지갑과 동기화되는 내부 UI 도구를 개발하여 재고를 모니터링합니다. 이 이니셔티브는 2024년 12월 비트코인 재무 전략에 따른 것으로, 회사는 여유 현금 준비금의 최대 90%를 사용하여 668 BTC를 확보했습니다.
KULR Technology Group (NYSE : KULR) a lancé une initiative de chaîne d'approvisionnement basée sur la blockchain afin d'améliorer la sécurité et la transparence dans le suivi des produits. L'entreprise enregistrera les métadonnées des produits, y compris les batteries lithium-ion certifiées NASA WI 37A, sous forme de jetons non fongibles (NFT) sur un rollup personnalisé de la chaîne Base L2 de Coinbase.
Le système permettra le transfert sécurisé des NFTs vers les portefeuilles des acheteurs ou le portefeuille de combustion de KULR pour indiquer les changements de propriété. KULR a développé un outil d'interface utilisateur interne qui se synchronise avec des portefeuilles cryptés pour surveiller les stocks. Cette initiative fait suite à la stratégie de trésorerie en bitcoin de décembre 2024, dans le cadre de laquelle l'entreprise a acquis 668 BTC en utilisant jusqu'à 90 % de ses réserves de liquidités excédentaires.
KULR Technology Group (NYSE: KULR) hat eine blockchain-basierte Lieferketteninitiative gestartet, um die Sicherheit und Transparenz bei der Produktverfolgung zu verbessern. Das Unternehmen wird Produktmetadaten, einschließlich NASA WI 37A-zertifizierter Lithium-Ionen-Batterien, als non-fungible Tokens (NFTs) auf einem maßgeschneiderten Rollup zur Base L2-Chain von Coinbase aufzeichnen.
Das System ermöglicht die sichere Übertragung der NFTs an die Wallets der Käufer oder an KULRs Burn-Wallet, um Eigentumsänderungen anzuzeigen. KULR hat ein internes UI-Tool entwickelt, das sich mit verschlüsselten Wallets synchronisiert, um den Bestand zu überwachen. Diese Initiative folgt der Bitcoin-Treasury-Strategie von KULR aus Dezember 2024, bei der das Unternehmen 668 BTC unter Verwendung von bis zu 90 % seiner überschüssigen Barreserven erworben hat.
- Implementation of blockchain technology enhances supply chain security and transparency
- Integration with established Coinbase's Base L2 chain provides reliable infrastructure
- Strategic holding of 668 BTC demonstrates commitment to digital asset adoption
- NFT-based tracking system provides immutable verification for NASA-grade batteries
- 90% of surplus cash reserves committed to volatile bitcoin holdings poses significant financial risk
- Implementation of new blockchain system may require significant resources and adaptation period
Insights
KULR's blockchain initiative offers operational improvements while its substantial bitcoin holdings (668 BTC) represent a significant strategic financial position.
KULR's blockchain supply chain initiative creates digital twins (NFTs) of physical batteries, establishing immutable records of testing data for NASA-grade lithium-ion batteries. This addresses verification challenges in high-reliability applications where documentation integrity is crucial. Their implementation leverages Coinbase's Base L2 chain (built on Ethereum) with a customized rollup solution.
The more financially significant aspect is KULR's bitcoin treasury strategy. With
While the blockchain supply chain initiative demonstrates forward-thinking operations, the bitcoin treasury strategy represents a more substantial financial decision that could impact the company's balance sheet depending on bitcoin price movements. The CEO's upcoming presentation at Strategy World indicates the company is actively promoting this approach as part of their corporate strategy.
KULR's blockchain implementation brings needed transparency to battery supply chains, creating verifiable records for high-reliability applications.
KULR's blockchain solution addresses several operational challenges in battery manufacturing and distribution. By recording each battery's metadata as a non-fungible token (NFT), the company creates an immutable record that travels with the product throughout its lifecycle. For batteries meeting NASA's rigorous WI 37A testing standards, this provides verifiable proof of compliance that cannot be altered.
The implementation includes practical operational details: NFTs transfer to buyer wallets upon purchase or move to "burn" wallets to indicate ownership transfer. For large-quantity customers, KULR will establish dedicated wallets to streamline transfers. The company has also developed an internal UI tool that synchronizes with encrypted wallets to monitor current inventory.
This approach offers three key operational benefits: enhanced security against data manipulation, streamlined verification of product authenticity, and simplified audit processes. For products requiring stringent safety verification like lithium-ion batteries, this could reduce compliance overhead and enhance customer confidence in product authenticity.
Moving from centralized systems to a distributed ledger also reduces vulnerability to outages or unauthorized access, creating a more resilient supply chain infrastructure with improved real-time visibility for all stakeholders.
HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in advanced energy management solutions, today announced the launch of a blockchain-secured supply chain initiative to safeguard product-related data being offered to their customers. Moving supply chain verification and custody tracking from proprietary software onto a distributed ledger will increase transparency and security.
Decentralizing the inventory tracking system on a blockchain offers enhanced transparency, security, and real-time visibility across the entire supply chain. By recording each inventory item as a tamper-proof, timestamped entry on a distributed ledger, KULR eliminates the risk of data manipulation and ensures that all stakeholders have access to a single source of truth. This reduces reliance on centralized systems that are vulnerable to outages or unauthorized access. Additionally, blockchain’s traceability features enable KULR to verify product authenticity, monitor asset movement, and streamline audits.
One of the initial products that will be recorded on the blockchain will include lithium-ion batteries screened to meet NASA’s WI 37A rigorous methodology. Utilizing the blockchain to create a secure and immutable record of the testing data will benefit all future users of these batteries, who will have access to proven testing results.
"After launching our bitcoin treasury strategy last December, we became curious about what other aspects of the crypto ecosystem could benefit our business operations. Moving our supply chain tracking onto the blockchain seemed like a natural move for us,” KULR CEO Michael Mo commented on today’s news. “We are leveraging proven blockchain technologies to deliver commercial applications that provide our customers with a trustworthy data source and improved operational efficiency. I firmly believe many aerospace products and commercial products could benefit from an immutable and verifiable chain of custody.”
Each battery that KULR manufactures will have its metadata minted as a non-fungible token (NFT) on the blockchain. When a battery is purchased, the NFT can be transferred to the buyer’s on-chain wallet or moved to a “burn” wallet maintained by KULR to indicate ownership has been transferred. For large quantity customers, KULR will establish wallets to easily transfer NFTs associated with their orders. KULR designed an internal UI tool that synchronizes with encrypted KULR-owned wallets to view the current inventory.
The Company has built a customized rollup to Coinbase’s Base L2 chain, which is ultimately built on Ethereum.
On December 4, 2024, KULR announced board approval to commit up to
For more information about KULR Technology Group and its bitcoin strategy, please visit www.kulr.ai.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting-edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows the delivery of commercial off-the-shelf and custom next-generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. On December 4, 2024, KULR announced that its Board of Directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: KULR@mgroupsc.com
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