![]() In other words, customization, authenticity and tokenization will shape landscapes that will not be controlled by one entity or geography, but by an entirely new community.Ī Context Specific Blockchain In The Works This was something we couldn’t do before, but the blockchain enables dynamics between brands and consumers, creating a whole new economy,” Hernandez said. ![]() Designers can also provide incentives to consumers. What’s really unique about LUKSO though is that items can also be sold or traded within the ecosystem. #Erc20 tokens serialThey will also be able to see the serial number, track where the materials came from and much more. Users who purchase items from the LUKSO ecosystem will have the certification number of where the goods were made. In turn, this technology will greatly benefits consumers. Brands and designers that are part of the LUKSO ecosystem will be able to register items themselves after the goods have been manufactured. These digital copies are equipped with chips that track and register items on the LUKSO blockchain network. Authenticity is the first use case we are looking at, as we see it as the fundamental first step,” Hernandez explained.Īccording to Hernandez, in order to ensure authenticity of fine luxury goods across the LUKSO blockchain, “digital twins” of physical items are created. On top of this foundation, many use cases can be deployed, which are relevant for the fashion and lifestyle industry. This isn’t an app with a token, but rather a foundation layer, based on the Ethereum Virtual Machine (EVM). We are building a whole new blockchain ecosystem for the fashion and lifestyle industry. ![]()
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