BlockShow Asia Reveals: How VeChain Will Change Luxury Market
VeChain announces at BlockShow Asia that they will incorporate Blockchain technology into their platform to protect luxury products for consumers, merchants and manufacturers. The luxury market is filled with knockoffs and fakes, and the current platforms that move a product from materials, to manufacturing, to market are so siloed and disconnected that fake products can be inserted at any point. This problem provides massive compromises for products that are extremely valuable, and require high levels of customer satisfaction. Blockchain technology provides a connected system for tracking products from start to finish with security and transparency. The implementation of Blockchain technology into the supply chain allows a product manufacturer, distributor or retailer to see and track the product with absolute certainty. Additionally, Blockchain allows for complete transparency, meaning that problems in the process from ...