HONG KONG / ACCESSWIRE / May 21, 2021 / Invitational luxury goods distributor Invitree introduces blockchain technology and INVI token to luxury goods distribution to secure safe transactions and solve the problem of imitations, which is considered as a chronic problem in the luxury goods market.
Invitree announced the agreement to apply a blockchain system to the nationwide online & offline Invitree platform that allows luxury goods purchase and history management through INVI token to enhance the transparency and safety of overseas luxury goods distribution.
Through the introduction of blockchain technology, Invitree plans to increase transparency in the entire process of distributing luxury goods, including overseas luxury imports, online & offline sales, second-hand luxury purchases, and resale, and increase practical benefits of consumers to increase the reliability of the luxury distribution market.
Despite the economic depression of the market caused by Covid-19 with a tendency to consume retaliation, the luxury goods market is currently showing a steep growth trend.
In particular, as the ages of luxury goods consumption has recently decreased, the twenties and thirties have emerged as the main customer of the luxury goods market and are leading the trend, Invitree expects that Invitree’s system, which introduced blockchain technology, will gain greater response from consumers.
CEO of Invitree and InviToken, Lee Seungkwang says “The luxury market needs to resolve the authenticity problem by securing transparency in the distribution process due to the reason that the unit price is higher than that of general consumption items. Furthermore, in order for customer-centered services to proceed in the used market and luxury market that should be based on blockchain technology. Through the introduction of this blockchain technology, I expect the virtuous circle of chronic distribution problem and furthermore, the consumer’s trust and the expand of market size.”
In fact, business on luxury goods distribution market can become sustainable only when overseas import network, brand selection, import, customs clearance, securing price competitiveness, genuine identification, domestic distribution infrastructure and corporate reliability are ready.
Due to the properties of such luxury goods distribution, until recently, although there were many businesses that prepared projects related to luxury goods in the blockchain market, it was difficult to find companies that run the business like Invitree.
According to the INVI Token project, through the launch of a luxury online shopping mall this year, it will introduce and establish practical distribution of cryptocurrency; practical circulation of cryptocurrency; interaction as payment method; providing various benefits to token holders; securing transparency of luxury goods’ distribution routes; electronic warranty role; activation of used transactions; escrow function to accomplish the entire process that must be implemented in the luxury distribution market.
Meanwhile, Invitree is a luxury goods distribution company that has secured brand recognition and public confidence by developing luxury business with department stores, outlets, and luxury hotels, as well as invitation exhibitions for VIPs of leading domestic card companies such as Shinhan Card and KB Card for the past nine years.
Name: Invitree HK Co., Ltd.
CEO: Seoung Kwang Lee
Email: info@invitree.com
Phone: +82-10-5288-0006
City: Hong Kong
County: Hong Kong
Homepage: http://invitree.io/
Telegram Community: https://t.me/invitreeofficial
SOURCE: Invitree
View source version on accesswire.com:
https://www.accesswire.com/648530/Koreas-Blockchain-Based-Luxury-Goods-Parallel-Import-Project-INVI-Token-Solves-Imitation-Problem-with-Blockchain-Cryptocurrency