2018-6-22 18:42 |
What Arianee did to test that theory was create a new blockchain – a copy of ethereum which combines both permissioned and permissionless elements through its use of a consensus mechanism it’s calling “proof-of-authority.
The crypto tokens running over the blockchain are based on ethereum’s ERC-721 standard for non-fungible tokens.
Handbags and glad rags
And with that, Arianee’s team sees two main benefits to high-end businesses from its smart assets technology.
Arianee has built three prototypes: one for watches, one for handbags and high fashion items, and a third for champagne bottles.
“We see that many of them know about bitcoin mining and trading and are familiar with blockchain.”