The official announcement shared on February 28, 2019, states that Reebonz Holding Limited (Nasdaq: RBZ), a leading online luxury marketplace and platform in Southeast Asia, has signed a Memorandum of Understanding (“MOU”) with
End-to-end Tracking and Authentication Solutions
The document explains that
Leveraging VeChain’s expertise, it will provide tamper-proof solutions that cannot be replicated or reused. Data, which is unique to every product sold, will be kept on the VeChainThor blockchain.
Torres Oey, Chief Technology Officer of Reebonz expressed,
“Building trust with our customers is one of our core values. This partnership will strengthen our vision of making luxury accessible to everyone and giving the power to our shoppers in determining the authenticity of products that they have purchased. The blockchain technology is unprecedented in our sector and will be a disruptor in how we authenticate products. We believe that the expertise from the
VeChainand VeChainThor platforms will be paramount in providing a complete end-to-end solution.”
According to the announcement, the solutions that VeChain will provide will help to facilitate trust and greater transparency in a rapidly growing sharing economy, which should help benefit participating customers, suppliers, merchants, and partners.
Sunny Lu, Co-Founder
Reebonz makes luxury accessible by operating as an eco-system of B2C e-tail and B2C marketplace for over 1,000 brands and 172 boutiques, supported by C2C marketplaces that enable individuals to sell through its platform.
According to Reebonz CEO,
VeChain is Gaining Momentum
As Cryptovibes.com previously reported, on February 19, 2019, AWS Cloud has confirmed adopting VeChain Thor blockchain deployment for Enterprises.
The corporate vice-president and managing director of AWS in the Greater China region, Alex Yung, said that they hope VeChain will accelerate innovations while sharpening their competitive advantage with the one-click features.
Uptrend for VeChain?
The table below reflects how VeChain (VET) has performed in the last 30 days. The data show 17.5% gains in the last 30 days and further stable growth is clearly visible.
It appears that the latest developments and strong buying power