LVMH Introduces First Global Luxury Blockchain

Luxury, meet blockchain.

Louis Vuitton on Friday unveiled the first global blockchain designed to help consumers trace the provenance and authenticity of luxury goods, a platform named Aura it has developed in partnership with Microsoft and New York-based blockchain software technology company ConsenSys.

Bernard Arnault, chairman and CEO of parent company LVMH Moët Hennessy Louis Vuitton, said the technology is still in the very early stages, but he touted it as a key tool in the fight against fakes.

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