The Role of Blockchain Technology in High-End and Luxury Retail

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For every luxury brand, class and sophistication remain key attributes that make them different from other run-of-the-mill brands. The customers of luxury products generally remain very sensitive to the delicate aspects of products. In recent years, blockchain technology has emerged as a solution for serving this clientele.

With an estimated market value of $3 trillion, luxury items offer a big opportunity for retailers. But being successful in this niche requires a solid command over the technologies and tools in order to ensure more transparency, product value, and a great shopping experience.

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