What is Blockchain?
Blockchain is a peer-to-peer network that doesn’t rely on any centralized entity to reach consensus. It is a distributed ledger technology where each peer has their own copy of the ledger. Once a transaction is made, it is assigned to a block for verification through consensus method used by the blockchain. The transaction block is either mined or validated through other processes. If the transaction is confirmed, it can no longer be tampered or modified in any possible way. At itmatters cloud platform, we do offer an integrated range of Blockchain services either Public with Ethereum or private blockchain nodes for companies operations as cost might be expensive to record everything into Public Blockchain. End consumers at second hand resale stage will access through itmatters web app a digital wallet certificate to set an ownsership transfer and also get the confirmation that their intend buying is a genuine Luxury product . To keep trace of Luxury goods & historical owners. We believe this service provides a great Brand value proposition towards end consumers while buying a second hand Luxury good item. Authenticity is key , thanks to our Blockchain, NFT’s digital passport wallet.
The global retail industry is currently facing an existential crisis, thanks to the COVID-19 pandemic and its impact on the economy. To overcome this challenge – and inevitable future crises – retailers need to embrace digital solutions that are efficient, inexpensive and secure..