Ordinarily, vending machines will release products that have been paid for by any user but a new generation of age-restricted vending machines is being introduced thanks to the Civic Pay platform. The blockchain-based platform is capable of verifying a user's identity and age, while also helping them make the most of QR code mobile payments, as well as loyalty and rewards programs.
When it comes to using the machines, consumers are required to participate in a one-time online identity verification check with a document that shows proof of their date of birth. As such, the vending machines are able to sell age-restricted products like alcohol.
Similar in-store technology is being implemented in some in-store checkout systems when it comes to the sales of age-restricted goods and ensuring the products can legally be purchased by customers.
Key Themes Behind This Trend
- Age-restricted Vending Machines
- Disruptive innovation opportunity: Implement blockchain-based authentication systems in vending machines to verify age and allow the sale of age-restricted products.
- Blockchain-based Civic Pay Platform
- Disruptive innovation opportunity: Develop a secure and efficient blockchain platform for verifying user identity and age, as well as facilitating mobile payments, loyalty programs, and rewards programs.
- QR Code Mobile Payments
- Disruptive innovation opportunity: Integrate QR code technology into vending machines and payment systems, enabling convenient and contactless mobile payments.
Where This Applies
- Vending Machines
- Disruptive innovation opportunity: Revolutionize the vending machine industry by introducing age verification capabilities through blockchain technology, expanding the range of products that can be sold.
- Blockchain Technology
- Disruptive innovation opportunity: Apply blockchain technology beyond cryptocurrency to securely verify identity and age in various industries, including vending machines.
- Mobile Payment Systems
- Disruptive innovation opportunity: Enhance mobile payment systems by incorporating QR code technology for seamless transactions, loyalty programs, and secure age verification.
