If you are a manufacturer, a maker or handle high-end luxury goods or assets, you can record their authenticity and value, retaining total oversight, because you can register every product and transaction onto the blockchain. Creating a LUXXFOLIO also allows you to validate and protect the authenticity of your work and products, insulating you from counterfeits. You can even transfer an item to the purchaser using your LUXXFOLIO. Best of all, you can use the value of your LUXXFOLIO to qualify for a loan or insurance to help your business grow. At its core, we like to think LUXXFOLIO unlocks the power of luxury and the potential of people. We are only beginning to imagine the possibilities.
Download the LUXXFOLIO manufacturer’s app and create a product line. This can be anything from a handbag line to an artist’s collection. Describe and include any important information about this product line.
Once a product line is created, add individual items under the product line. For example, you may have three or more individual handbags under one product line. You have the ability to add customized information of each unique item, including serial numbers, where it applies.
Quick Tip: Any information entered into product line will pre-populate into the unique item fields. You can edit and change this information if required.
Now attach the tamper-proof SMARTLUXX validation tag to the item (out of sight if you prefer). For example: the back of a painting, the inside of a handbag or the inside of a collectible car. In the near future, we will be able to offer white-labelled tags with your own brand.
You’re ready to transfer items to the purchaser’s LUXXFOLIO to begin the provenance. All transfers will be written to the SMARTLUXX blockchain, storing the history of this asset for its lifetime and beyond.
