Blockchain Solutions Deployed For Luxury Goods, A&D And Postal Services – Technology

A French luxury goods conglomerate recently announced a new
partnership with two other major European luxury goods businesses
to develop the first global luxury blockchain, Aura Blockchain
Consortium. The goal of founding Aura is to provide customers
greater transparency and traceability through the life cycle of a
product. With authenticity and traceability so crucial to the
industry, the conglomerate said that “it made sense for these
competitors to work together to drive change and develop a shared
solution.”

An American aerospace and defense (A&D) company recently
signed a strategic partnership with a blockchain company that will
grant it access to the blockchain company’s secure supplier
intelligence platform, which connects Original Equipment
Manufacturers (OEMs) to members of Swissmem, the Swiss association
of mechanical and electrical engineering industries. The blockchain
platform will allow for OEMs to be matched with subject matter
expert supplier capabilities across Switzerland.

In another recent development, the U.S. Postal Service has
certified a U.S. company to begin producing blockchain-generated
ePostage labels. According to a press release, USPS ePostage labels
will use nonfungible token (NFT) mail technology to create the
world’s first blockchain-supported postage.

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