Unlocking Business Impact: Luxury Brands Harness the Power of Blockchain & AI

February 12, 2024
1 min read

TLDR: Blockchain technology is being leveraged by luxury brands to improve utility and bring real impact to their businesses. Luxury fintech company Vaultik provides digital product passports with certificates of ownership and on-chain insurance to tie together ownership and authenticity. Vaultik has partnered with insurtech firm Avata to offer certificates of ownership and insurance protection at both the B2B and B2C levels. The company has also built an AI-powered algorithm to provide real-time valuations of luxury assets for the secondary market. Vaultik has announced partnerships with luxury brands in sectors such as watches, gemstones and fine jewelry, leather goods, and furniture.

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