Over the last few years, theft – driven largely by organized groups – has risen for the entire retail industry. The net result has been locked-down store experiences that penalize customers.
At Lowe's Innovation Labs, we think there are better ways to curb theft than locking products down. And we’re inventing the technology to make them possible: Project Unlock.
This early stage project uses low-cost RFID chips and scanners, and a novel use of blockchain, to tackle theft of powered products in a way that is virtually invisible to retail customers.