When analyzing a blockchain project, the first question people usually ask is «What is the purpose behind the project? Is it going to make any difference in the corresponding field?». That is why before starting a project, developers must identify a problem, and then find a solution to it.

In the luxury sector, the problem lies in the fact that expensive international purchases involve difficulties in converting and transferring currencies, which is complicated with an increase in the price. Usually the process involves financial intermediaries that demand high fees. Sometimes a sale can take days or even weeks to close.

The automotive industry has always been a favorable environment for technological advances. Blockchain allowed automobile manufacturers to pave the way for the future innovations in the fields of safety, real-time monitoring, supply chain logistics, etc. A new market report “Strategic Assessment of Blockchain in Automotive- Analysis, and Forecast, 2018–2026” published by BIS Research gives quite positive forecasts about the future of the global automotive blockchain market. According to the research, its Compound Annual Growth Rate will be around 66%, reaching the size equal to $1,575 million by 2026. ⠀⠀⠀⠀⠀⠀⠀⠀⠀

“Blockchain technology holds massive application potential in the automotive industry,” the…

Attracting new target groups is one of the best ways to increase profits, but is an extremely risky business for luxury companies. A lot of would-be customers, especially those who fall into the lower social layers, can damage a company’s reputation, since the main purpose of luxury is to make people feel themselves a part of a “private club”. The emergence of cryptocurrencies and crypto millionaires allowed luxury companies to broaden the number of their customers without changing the price tag. One of these companies is Florida-based yacht dealer Denison Yachting. Denison is one of the most reputable names among…

Mission E to become the “Porsche Taycan”

This week Porsche of Great Britain teased its first battery-electric car on Twitter, and we assure you that can become an object of envy. They announced that the new car will be able to go from 0 to 62 mph in 3.5 seconds, which is pretty fast for an electric car. They have also recently revealed its official name on a ceremony dedicated to “70 years of Porsche Sport Cars”, changing its working title “Mission E” to Taycan.

“The name can be roughly translated as “lively young horse,” referencing the imagery at the heart of the Porsche crest, which has…

In the 21st century owning a car has become a necessity instead of a luxury. More and more people, even in developing countries, are purchasing their own cars increasing the damage to the environment caused by emissions of carbon dioxide. Most countries are introducing regulations to limit the negative effect of automobiles. However, it is not difficult to understand that, when it comes to such serious issues, the solution is common effort. At the moment, a positive trend towards environmental responsibility among both consumers and producers is obvious.

Liverpool-based supercar manufacturing company BAC came up with its own way to…

Win McNamee | Getty Images

Last Thursday the World Bank Treasury announced its plans for the introduction of the first ever bond that will be created, allocated, transferred and managed with blockchain technology. For this purpose, the World Bank has hired one of the biggest banks in Australia. According to the opinion of James Wall, a senior institutional banking executive at Commonwealth Bank, the introduction of blockchain could result in a significant reduction of the time spent on physical paperwork necessary for issuing bonds.⠀⠀⠀⠀⠀⠀⠀⠀⠀

On August 10th, the official page of the World Bank Treasury announced, “Today we make history by creating the first global…

On their official Facebook page Lamborghini recently put out a teaser saying only few words to the world: “The new Lamborghini Aventador SVJ will blow your mind. Stay tuned.”

The car will be powered by 6.5-liter naturally-aspirated V12 engine found in Aventador SV. At the same time the engine will be able to put out additional 20 horsepower, resulting in 760 horsepower and 531 pound-feet of torque. “The Aventador SVJ takes the Jota suffix, following the Lamborghini tradition for denoting a car’s track-focused talent. …

Northern California continues to show good performance in the field of luxury home sector. This can be mainly explained by the strong position of the local tech sector and steady interest from the part of foreign investors. All the data about the growth rates by counties has been published in the report by Realtor.com. The Index represents the top 5 of all residential sales in 91 US counties. The gains in the prices for luxury homes in 19 Northern Californian counties have hit double digits. Seven of them entered the top 20 fastest-growing luxury markets.⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

More than half of the…

Counterfeit industry has always been one of the biggest problems for the luxury world. The total amount of counterfeit goods produced annually has reached 1.2 trillion USD. Producers of fake goods are getting more and more sophisticated. It became very difficult to distinguish high-quality fake goods from real ones. Even you might have bought one unknowingly.

Luxury bag industry has also been suffering from this problem. Despite numerous government regulations prohibiting the production of fake handbags, the counterfeit industry is still growing and prospering. Even terms like “super fakes”, “triple-a fakes”, and “line-for-lines” were introduced in the recent years due…

When blockchain was first introduced, few of us thought about the scale of the impact it would have on our lives today. Proponents of blockchain believe that its use can substantially improve security and speed of transactions in every sphere, and allow both parties to save huge amounts of money. One of such spheres is real estate, where every transaction involves several intermediaries who not only require sky-high payments for their services, but also waste valuable time of their clients.

For this reason today cryptocurrencies are also becoming a popular form of payment in real estate transactions. In December 2017…

ALLUXE Luxury Platform

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