KULR Technology (US:KULR) Globenewswire·2025-05-01 12:30Core Viewpoint - KULR Technology Group, Inc. has launched a blockchain-secured supply chain initiative aimed at enhancing transparency and security in product-related data management for its customers [1][2]. Group 1: Blockchain Initiative - The new initiative decentralizes inventory tracking on a blockchain, providing enhanced transparency, security, and real-time visibility across the supply chain [2]. - Each inventory item will be recorded as a tamper-proof, timestamped entry on a distributed ledger, eliminating data manipulation risks and ensuring a single source of truth for all stakeholders [2]. - The blockchain's traceability features will allow KULR to verify product authenticity, monitor asset movement, and streamline audits [2]. Group 2: Product Integration - Lithium-ion batteries that meet NASA's WI 37A rigorous methodology will be one of the initial products recorded on the blockchain, creating a secure and immutable record of testing data for future users [3]. - Each manufactured battery will have its metadata minted as a non-fungible token (NFT) on the blockchain, facilitating ownership transfer upon purchase [4]. Group 3: Strategic Insights - KULR's CEO, Michael Mo, indicated that the move to blockchain for supply chain tracking aligns with the company's previous bitcoin treasury strategy, aiming to leverage proven blockchain technologies for operational efficiency [4]. - The company has developed a customized rollup to Coinbase's Base L2 chain, built on Ethereum, to support its blockchain initiatives [5]. Group 4: Financial Strategy - KULR has committed to holding up to 90% of its surplus cash reserves in bitcoin, having acquired 668 BTC to date [5][7].