Luxury brands Louis Vuitton, Cartier, Prada, Aura use blockchain to detain counterfeit

2021-4-21 02:40
share to
Scan QR code with WeChat

According to Bloomberg News, Tuesday, April 21, the parent company of Louis Vuitton, LVMH, Cartier de Richmond and Prada announced their partnership with Aura blockchain. LVMH said that while blockchain technology has been used to prove the authenticity of luxury goods, brands do not intend to accept cryptocurrency as a method of payment. "Many LVMH, Hublot, Bulgari and Louis Vuitton Maisons are already working on the platform," LVMH said in a press release. A simple picture used with a cell phone can confirm the accuracy of the clock. Prior to the May 2019 news, ConsenSys, LVMH and Microsoft had reached an agreement to develop an AURA platform using blockchain technology.

Next:
Sun Lijian, Fudan University: This Bitcoin boom stems from international financial expectations.
According to the 21st Century Business Herald on April 21, Sun Lijian, director of the Center for Financial Research at Fudan University, said the Bitcoin boom was driven by the prospect of global inflation. Overall, there are three issues behind Bitcoin's tight financial watchdog and the recent “roller coaster” market for Bitcoin. Firstly, the reason why banks around the world are announcing that they will strengthen regulatory digital crypto tools like Bitcoin is also because the Bitcoin-seeking market has swallowed the benefits of national economic policies which in some way favor. measures actual business. Second, the US Treasury Department has reported that destruction of cryptocurrency by financial institutions or global dollar mergers is not included. Third, one of the main reasons for the volatility of the Bitcoin market is the demand for "short" by some demand.
2021-4-21 02:18