Blockchain Traceability platform Aura gets support from Cartier, Prada and LVMH

Cartier alongside LVMH and the Prada Group have announced the creation of the AuraBlockchain Consortium which is developed alongside Microsoft back in 2019. Cartier, LVMH, and Prada will be supporting the first global blockchain solution dedicated to the luxury industry.

The Consortium will promote the use of a single global blockchain solution open to all luxury brands worldwide to provide consumers with additional transparency and traceability. Cartier, LVMH and Prada Group have created together a single solution to address the shared challenges of communicating authenticity, responsible sourcing and sustainability in a secure digital format.

The technology offered by the Aura Blockchain Consortium enables direct-to-consumer access to product history and proof of authenticity. Consumers can easily and transparently follow a product’s lifecycle, from conception through distribution, with trusted data throughout, and thus strengthen their relationship with their favourite luxury brands.