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Establishing and confirming the origin of raw materials and ingredients of particular products, especially luxury goods and food, can be highly problematic.

This matter can be significantly facilitated by technology blockchain.

It may seem particularly troublesome fluid certificationbut it is possible that this issue will soon be resolved. Currently, they are in the experimental phase microscopic sensors, present during the movement of goods in a solid form, thanks to which it is possible to counter counterfeit goods more effectively. Conducted tests consist in attributing to the original product digital ID, consistent with its digital equivalent.

First, however, it should be determined what exactly should be followed; material of individual elements, the whole element or maybe the whole product?

Once the main tracking element has been defined, it is necessary to maintain synchronization with the digital equivalent of the product. It is so complicated that the actual creation of a thing must correspond to its digital creation. Above all, however, the use of the blockchain system will only make sense if it controls all the elements related to the product, including financial transactions regarding it. A number of different aspects should be taken into account, including the implementation of innovation and full transparency of activities. Processes occurring in the supply chains are quite slow due to the complexity of numerous connections existing between companies operating globally. Decentralized distribution models they require the development of improved supply chains that are slowly beginning to be implemented.

They are very important in this field integration processes, favorably affecting the information management process and the ability to view processes occurring in other companies' supply chains. No less important is also privacy aspectrequiring the use of data taking into account the good of the sender, the owner, the recipient and the product itself. Therefore, it is very important in the whole process confidentiality of the processed data, with the requirements related to it being different for individual sectors.

On the other hand, there are a number of benefits that can be achieved by sharing data in the corporate network.

Full confidentiality excludes cross-optimization and visibility, hence it is necessary to find an appropriate compromise in this regard. This is not an easy task due to the fact that in most cases confidentiality is expected for such data as the identity of the transaction participants, its size, prices or delivery time.

luxury goods

The core of the application of blockchain technology in relation to luxury goods the point is that special sensors record data in the block chain, giving them a lasting character. In combination with token responsible for a given resource, is shaped automatic payment settlement system.

When a given product, assuming that it is just a luxury good, will be synchronized with its digital counterpart, it should be combined with the economic value, and then you can quickly and efficiently exchange between individual entities.

It is also worth noting that in the case of blockchain and other similar technologies, criteria such as: costs and degree of risk, concentration on prime competencies, business development, transformation and disorganization as well as competition and coopetition are applicable.

In the face of all the above considerations, one key question arises: will the implementation of technologies such as blockchains reduce the need for human trust?

Everything indicates that this is how it can happen, if only users of such platforms will be able to use them effectively. In order to further improve their functioning, it is necessary to carry out appropriate tests, due to the fact that individual segments do not really start to cooperate with each other.

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