In an interview with Bloomberg, Pearson plc CEO Andy Bird examines the advantages of moving computerized course book deals to blockchain and Non-Fungible Token (NFT) innovations as a system to catch parts of secondhand sales:
“In the analogue world, a Pearson textbook was resold up to seven times, and we would only participate in the first sale,” he told journalists following the London-put together organization’s break results with respect to Monday, discussing mechanical open doors for the company.
“The move to digital helps diminish the secondary market, and technology like blockchain and NFTs allows us to participate in every sale of that particular item as it goes through its life,” by following the material’s interesting identifier on the record from “owner A to owner B to owner C,” said Bird, a previous Disney executive.
Andy Bird also mentioned that different advancements are likewise getting looked at as well:
“We have a whole team working on the implications of the metaverse and what that could mean for us,”
