Blockchain Traceability Milestone

* Aura Blockchain Consortium reached a significant milestone in their traceability and transparency journey, announcing they had recorded 50 million products on their blockchain.

╰┈➤ Blockchain plays a critical role in traceability by enabling secure, auditable and immutabe transactions of product end to end in a supply chain across multiple organisations.

╰┈➤ There are 4 types of blockchain; public, private, hybrid and consortium each with their own advantages and disadvantages. The Aura Blockchain is a consortium founded for the luxury industry by founding conglomerates/companies LVMH, OTB, Prada Group and Cartier, part of Richemont.

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