Digital Twins Created by Visual Recognition Software
WORLD FIRST TECHNOLOGY
As the world enters the preliminary stage of the Web3 world, the concept of ‘Digital Twin’ has become more of a reality. As Forbes put it, “Digital twins are virtual clones of physical objects and devices used for virtual simulations before real devices are designed and deployed.” This idea of creating a virtual copy of a physical item before the physical copy is created has been around for several years and was first introduced by Grieves in 2002. However, with advancements in technology, digital twins are also being created after the physical product is made or purchased.
In recent years, the concept of a digital twin has gained momentum as the world shifts into AI and machine learning. Digital twins can be literally anything that can be created into a physical object or can be made after the production of said digital object. It can also be unique to that physical object through NFTs. Before advancements in technology, digital twins were mainly created through computer programs harnessing information from a computer to generate a copy of the physical object through simulation. This type of software uses a combination of virtual and augmented reality, the Internet of Things, artificial intelligence and data modeling tools. With advancements in the digital space, digital twins are being created after the physical copy is made through cryptocurrency such as NFTs.
NFTs AND CRYPTOCURRENCY
NFT are some of the most popular forms of digital twins in recent years. Non-fungible tokens take digital twins to a whole new level by creating a digital copy of a physical object and placing it on the blockchain. NFTs reverse the concept of digital twin allowing there to first be a physical copy and then creating a digital copy. This digital copy has many different benefits and attributes including but not limited to verification, authenticity, provenance, and augmented reality.
Technology companies such as The ORDRE Group have begun using this concept with the creation of the Authentique application. The Authentique app allows the brand to create a digital twin of the physical luxury product during the point-of-purchase thus creating a unique digital twin all from the convenience of a smartphone. This digital twin not only is a virtual identical copy of the physical product, but also becomes linked onto the blockchain making it unique to the buyer. This type of technological innovation is created through visual recognition software through the app without using RFID tags. Most luxury brands do not want to add RFID tags to their products because these products are generally made to order and are extremely expensive unique goods. Tagging a product of that caliber would make the product lose its value creating immense losses for these luxury brands. The visual recognition software Authentique uses creates a unique NFT without adding anything tangible to the physical product.
ADVANCEMENT
With advancements being made in the Web3 world, NFTs can also be used on social media as digital wearable for the owner. Many companies such as The Institute of Digital Fashion and The Zero.10 are already creating digital wearables allowing consumers to wear elaborate digital wearables through augmented reality on their smartphones. The digital twin produced from the Authentique app can also be used as a digital wearable for owners to use on themselves through augmented reality on social media and beyond.
The options are endless for this new concept of verification. Now more than ever in the world of resale, digital twins that are created as NFTs are helping combat counterfeit sales. This technology is also revolutionizing the secondhand market for buyers and sellers allowing more security for buyers in these markets. Creating a digital twin for a product through visual recognition software is Authentique’s mission. This application is revolutionizing the luxury goods market and giving luxury goods’ sellers and buyers a chance at making a more easy transaction.
