Blockchain Technology to Challenge the Luxury Black Market in Italy
From today onwards, fake commodities could last for a very short time. Thanks to blockchain technology for making it possible to understand whether the package you are purchasing is authentic, its origin, its characteristics, and where it should be delivered in case it gets lost or stolen. Luxury products tracked as smartphones and furnished with microchips created using distributed ledger technology (DLT), scam-proof. Bye-bye to Daior, Guccio and D&C.
Now, Luxochain, a Swiss firm based in Lugano, plans to penetrate a black market which has accumulated losses of around €83 billion in 2017 in the luxury landscape.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-technology-to-challenge-black-market/
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