People are today keenly aware of where their luxury products are originating from and show a willingness to pay a premium for products that enjoy an authentic record and ethical narrative.
Based on this, is the luxury sector ready for blockchain technology?
Ahead of the June 12 & 13, 2019, Arab Luxury World conference at JW Marriot Marquis Dubai, organised by Mediaquest, a prominent regional publisher, AMEinfo asked four questions related to blockchain and its role on the next luxury revolution.
Topic: Blockchain in Luxury
1- How can blockchain add value to premium luxury?
2- Is the luxury sector ripe for utility-based tokenization to attract and retain a loyal audience?
3- How effective and transparent are supply-chain processes and systems on blockchain-based luxury businesses?
4- Can Blockchain in Luxury create an effective second-hand market for luxury items?