Counterfeiting accounts for a shortfall of €83 billion for luxury brands out of a €220 billion market.
The luxury industry relies largely on the brand image, luxury brand positionning, client experience, renown and the products quality. Counterfeiting, theft and fencing pose a major threat to this industry. To be legitimate a luxury brand has to ensure the authenticity of its products to its customers.
Certain luxury goods (haute-couture, jewelry, watchmaking tradition) tend to appreciate in value and scarcity over time. The challenge for the luxury industry is to continue to track its products once they are sold in order to keep control over its brand image.
Transchain certifies the products authenticity.
Certification fights against fraud and counterfeiting. The registration of certificates in the blockchain guarantees the authenticity of the products along with the products origins and lifecycle, offering thus a new experience to customers, full transparency on the origin and the quality of the products for a greater trust in the brands.
In case of a resale, informations on the product lifecycle such as the date of production, the date of purchase or the overall state of the product are key data to justify the price and the buying decision of a valuable good.
Provide consumers with a guarantee of the authenticity and the quality of the product to uphold legitimacy and a luxurious image.
Leave an unalterable record of everyone’s actions and inform every stakeholders in the industry.
Confirm the exact time of the blockchain certification in order to retrieve dated data and provide certainty about the design and the lifecycle of the product.
Check the quality and the truthfulness of information across the whole value chain and react in real time should an incident occur.
Our team supports you in the implementation of our blockchain solution
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