BRAND STRATEGY

  • advance technologies needed to fight counterfeit qila

    Advance technologies needed to fight counterfeit: Qila

    Luxury goods retail faces a $30 billion annual loss due to counterfeiting, prompting a shift to advanced technologies like blockchain and tokenisation. These innovations ensure product authenticity and protect brand reputation. Blockchain tracks products from manufacture to sale, offering easy verification for consumers. Despite challenges in setting up infrastructure, these technologies promise to revolutionise the industry, enhancing transparency, building trust, and securing luxury goods' integrity.

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    This is the age of martech, AI, Machine learning, analytics, social media and several other digital initiative. It may be appropriate to explore the possibility of stretching the conceptual boundaries based on what technologies can do to consumers. Understanding such contextual situations can lead to effectively contribute to how marketers can manage technologies.

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