That's nice and I hope it works out for them, given how difficult it can be to get physical objects properly tracked in a digital system when the people responsible for entering data into the system can be corrupt. But getting the third world digitized is the very opposite of the "very interesting innovation" that everyone else in this thread keeps referring to; it is just making some thing that already exists again. That is not innovation, that is an incremental improvement at best.

For those of us living in prosperous Western countries (and let's not kid ourselves, that is at least 90% of HN), the biggest attraction of cryptocurrencies seems to be "if you buy this, it might be worth more in the future". Which is nice, but hardly innovative.