LuxTag, established in 2016 and headquartered in Malaysia, specializes in providing blockchain-based solutions to combat counterfeiting and theft. By issuing digitized certificates of authenticity for tangible products, LuxTag links these items to brands and owners through multi-signature smart contracts and Internet of Things (IoT) elements. This approach not only ensures product authenticity but also offers businesses enhanced customer engagement and valuable insights.
One of LuxTag's notable products is Papyrus, a self-onboarding asset-tagging platform that allows users to create digital certificates and tag their assets with QR codes or NFC stickers linked to the blockchain. This enables independent verification of product authenticity and ownership. Additionally, LuxTag developed e-Scroll™, a system designed to verify and validate educational certificates using blockchain technology, addressing issues related to counterfeit diplomas.
LuxTag's solutions are built on the NEM blockchain platform, leveraging its unique features to create immutable and updatable digital certificates. This integration allows for efficient tracking and tracing of products, providing a robust mechanism for ensuring authenticity and ownership in various industries, including luxury goods, art, and education.
