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Constructing a global traceability system for luxury goods

Constructing a global traceability system for luxury goods

TECR (Treasure extravagant coin) is traceable and trustless Internet era based on the bottom of the blockchain technology to build a distributed intelligent contract. It will subvert the rules of the traditional luxury industry and directly link the components of the whole ecological chain with a decentralized structure and realize the capital docking under the mechanism of realizing the tracing of gem luxury goods.

TECR’s first vision is based on blockchain technology to help businesses and suppliers to eliminate luxury high-inventory pressure and reduce the cost of procurement funds. For consumers, spending will become more transparent, personal data will be more confidential, which will be a major change in the luxury goods industry consumption experience. For businesses, the system will also fix the serious problems of widespread false advertising and bundled consumption in current luxury industry. The problems in the industry for many years will be completely solved, TECR will take merchants, advertisers, consumers, world-class brands together to create a decentralized platform with blockchain technology. The TECR Global Plan will provide Multi-language version and multi-platform support to the global market. TECR is a luxury-goods platform with decentralization, visualization, high confidentiality, high transparency and high traceability.

TECR’s second vision is to build a online secure payment system of globally purchasing based on blockchain technology. The TECR platform provides open source for luxury goods merchants around the world and perform global shopping with asset penetration. There is no need for exchange rate convertibility, and there is no difference in the use across national borders, and the economic system in the large ecological system of luxury goods industry and high synchronism of high and new technology can be opened and coordinated. All supply chain upstream and downstream docking, communication, staff training, trading and payment can be achieved through TECR. At the same time, the merchants’ consumption points can be exchanged and docked smoothly through the TECR. The TECR platform can achieve the conversion itself is an open platform with payment function, which can support businesses, users, raw materials suppliers and other roles of luxury loans, including small non-review loans. TECR will also build the world’s largest luxury exchange community where members will have the opportunity to learn about new project dynamics and earn points on a daily basis. They can also gain opportunity to participate in TECR rebate dividends later (Two phase plan).

TECR is a gemstone and luxury industry platform based on distributed and intelligent contract. The characteristics block chain data that can be identified and can not be tampered will escort user and solve the pain point of the luxury industry. To ensure the healthy and rapid development of the entire luxury industry TECR allows users to easily carry out the most cutting-edge design transformation and the most convenient global transactions, access to the latest information. Breaking the flow of traditional currency, electronic money and various other forms of high-value added physical assets and standardizing the identification of pre-valuation of transactions or collections of precious stones with luxury goods. The significance of TECR lies in the general connection, authority and openness of entity.

TECR also allows people from around the world who want to invest in the luxury industry to provide digital cryptographic money that allows holders to invest directly in any business around the world that needs financing to expand on the TECR platform or independent Jianbao studio. And Baobao and independent studios around the world can get enough money from the early stages of the project to develop their own markets and fulfill their entrepreneurial dreams without fear.

TECR will open all development source code on the platform, complete transparency of the core information. Compared with the traditional centralized server data manipulation, the whole platform is guaranteed to be fair, fair and open.

The private key secure TECR wallet design is divided into two parts. When the amount of payment is within the equivalent of $200, the user’s digital monetary assets are stored in the hot money package of TECR Wallet. Those payments over $200 need to activate the cold wallet password mechanism to get the user’s payment authorization. TECR Wallet provides multiple security protections to ensure the security of user assets. 

The whole station of terminal security TECR adopts the HTTPS protocol, namely the secure hypertext transmission protocol, uses the secure channel to carry on the encryption transmission to the information. With the functions of authentication, information encryption and integrity verification, it can effectively prevent the risk of information eavesdropping, information tampering and information hijacking. 

Media Contact
Company Name: TECR
Contact Person: Media Relations
Email: [email protected]
Country: United States
Website: http://www.globalnewsonline.info/constructing-a-global-traceability-system-for-luxury-goods/

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