New LuxTag product tokenizes physical products with blockchain

New LuxTag product tokenizes physical products with blockchain

Luxtag, an anti-counterfeiting and track & trace blockchain solution provider, has announced the release of a self-onboarding asset-tagging platform called Papyrus. Users will be able to independently create digital certificates and tag their assets or items with QR codes or NFC stickers linked to the blockchain.

To get started, first users will need to create an account on Papyrus. Once registered, they will have a dedicated dashboard and tools where they can generate certificates for their items.

How It Works

After creating a free account, users can enter the information of their items or products and generate a blockchain certificate through the platform.

Users can upload images of their assets or even add notes on each item. Each account needs to be funded with the XEM cryptocurrency to enable the creation of certificates on the blockchain.

Users can claim these blockchain certificates through the platform by scanning the private key QR code of the product or asset using the LuxTag mobile app.

Additionally, users can verify the product using the UUID QR code generated from the platform, or order NFC stickers from LuxTag that enables verification of the products and assets linked to the blockchain.

These blockchain certificates are immutable and transferable, representing a contract of ownership that trail the history of a particular item.

“Blockchain is becoming more and more accessible in the physical world with Papyrus. You can now tokenize items to create a trail of ownership and history of your products. Whether you are an artist or a collectible hobbyist, any assets or products close to your heart can now be represented as real live assets on the blockchain. Papyrus allows users to protect items that are important to them, preserving their legacy and history on the blockchain.”
– The LuxTag Team

Two Tiers of Papyrus

Papyrus currently offers two tiers, Basic and Enterprise:

LuxTag is integrating the Papyrus certificate creation tool on NEM’s Catapult as well in its own blockchain. Further, LuxTag will be awarding XEM tokens to verified accounts upon signing up for the solution.

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