Luxury items 

Luxury brands are discovering the blockchain

Many luxury brands have partnered with blockchain technology to track the provenance of products and materials from manufacturing to delivery. The key value of distributed ledger technology is its tamper-proof nature and the speed at which transactions can be processed: its decentralized approach and immutability add trust and integrity to the process. “The same technology is able to guarantee the authenticity of products, which is essential to retain value or to support a buoyant second-hand market, as well as to identify counterfeit models. Many luxury brands have also chosen to…

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