【法国】Backed by the Luxury Industry, Aura Blockchain Surpasses 50 Million Products

Editor’s Note

This article explores how luxury brands are adopting digital passports—secure, non-duplicable tools accessible via QR codes or NFC chips—to provide consumers with verifiable information on a product’s origin, production, and sustainability.

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Digital Passports for Luxury Products

What do Loro Piana’s André shirt, Tod’s Custom di Bag, and Prada’s sustainable Eternal Gold jewelry line have in common? All these items have their own digital passport.

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Typically accessible via a QR Code or an NFC chip, this secure digital tool aims to allow consumers to learn more about a product’s origin, whether it’s the source of raw materials, the various production stages, or its environmental footprint.

Non-duplicable and unforgeable, it also enables the establishment of ownership certificates, a high-value-added service in the growing second-hand market: on one hand, it provides the seller with tangible proof of possession and authenticity of the item; on the other, it aims to create bridges between the brand and the item’s owner, including in case of resale, to set up ad hoc communications: offering repair services, personalization…

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50 Million Products on the Aura Blockchain

Last May, just three years after its official launch, Aura already claimed more than 40 million “luxury” stamped products on its private blockchain.

Etude : Les Maisons de luxe s'approprient de plus en plus l'intelligence artificielle
“Reaching this milestone demonstrates the trust that luxury brands place in Aura Blockchain Consortium,” says Romain Carrère, CEO of Aura Blockchain Consortium. “As we grow, we are not only expanding our membership but also our ability to meet the changing demands of the industry and consumers. By collaborating with us to enhance product traceability, these brands preserve their integrity and strengthen trust with their customers.”

Aura now counts around forty members, primarily from the worlds of fashion, jewelry, watchmaking, automotive, and spirits. Last July, the consortium notably welcomed the German luxury brand MCM.

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⏰ Published on: September 13, 2024