Brands Embrace Product Digitization and Blockchain to Guarantee Authenticity of Valuable Goods and Create a Direct Channel for Consumer Engagement
NEW YORK, PARIS & LONDON, June 17, 2020 — EVRYTHNG, the Product Cloud managing digital identities for the world’s consumer products, today announced it has partnered with Arianee, the blockchain-based digital identity standard for all valuable goods. Together the companies bring an unprecedented layer of verifiable ownership, authenticity, and connected services to protect product owners in the fight against counterfeits. EVRYTHNG and Arianee make it possible for apparel and luxury brands to deliver digital proof of authenticity and end-to-end traceability of every product’s journey from the factory to the consumer to secondhand markets.
“As the premium apparel and luxury resale markets continue to grow and counterfeit culture persists, the ability to verify quickly and easily that a product is authentic is becoming a necessity for any premium brand,” said Niall Murphy, CEO, and Co-founder, EVRYTHNG. “To date, the lack of item-level traceability of products through the supply chain has posed a serious challenge. Our partnership with Arianee changes this paradigm giving brands and their customers a quick and easy way to verify that a product is authentic with a globally scalable traceability solution.”
Luxury brands lost $30.3 billion worth of sales to counterfeits online alone, according to the 2018 Global Brand Counterfeiting Report. By combining the immutability of the blockchain with product digitization, apparel and luxury brands ensure the authenticity of their products and fight counterfeits head-on. Working together, EVRYTHNG and Arianee give apparel and luxury brands a reliable solution to track and authenticate products at scale.
“Trust and transparency are critical for the owner of an apparel or luxury item, wherever the product is purchased, and no matter how many lives it has had,” said Pierre Nicolas Hurstel, CEO and Founder, Arianee. “Our partnership with EVRYTHNG offers a unique opportunity to use a robust track and trace solution and pair it with our blockchain-based digital passports. By combining product digitization with blockchain technology, brands achieve end-to-end visibility into every product’s journey while forging a direct and respectful link with consumers through virtual certificates of authenticity.”
A Powerful Combination
EVRYTHNG customers in the apparel and luxury markets can now create Arianee certificates to register each product as it is manufactured. Brands benefit from both Arianee’s secure and transferable digital authentication solution and EVRYTHNG’s digital ecosystem, including:
- End-to-end visibility into every product’s journey
- Supply chain traceability to protect brand integrity and verify the authenticity
- Product digitization at scale with GS1 Digital Link
Product digitization allows apparel and luxury brands to gather real-time product data intelligence throughout each individual product’s journey. In turn, brands now have an important tool for a robust secondary market and the creation of new business models that require products to be tracked between multiple owners or users. Premium brand owners can now analyze things like the rate at which a customer resells as well as anonymously connect with customers buying products secondhand. In addition, they now have a whole new direct-to-consumer channel to create personalized experiences.
“Our collaboration with Arianee adds a new level of supply chain traceability to the apparel and luxury markets,” said Dominique Guinard, CTO and Co-founder, EVRYTHNG. “By giving every product a unique EVRYTHNG Active Digital Identity™ (ADI) connected to the Arianee blockchain, we allow brands to transfer identification to new product owners with quick and easy verification of authenticity. This is particularly critical as it applies to the resale market which is long associated with tarnishing the integrity of a brand.”
“Together we move brands one step closer to circularity by enabling them to interact with products and owners at every step of the product’s life cycle from purchase to experience to product care to end of life or resale,” said Hurstel.
EVRYTHNG Blockchain Integration Hub
Arianee brings a whole new dimension to the EVRYTHNG Blockchain Integration Hub. As with other EVRYTHNG hub connectors, the Arianee integration allows consumer product brands to experiment with emerging blockchain capabilities while relying on the scalability, interoperability, and maturity of the EVRYTHNG Product Cloud™. With Arianee’s unique blockchain technology, consumer product brands — and their customers — can ensure both the authenticity and value of their products. Arianee certificates create a permanent record of the products and a unique communications channel with the customer who owns the products. This value extends to the resale market and managing the transfer of products between owners.
The EVRYTHNG Blockchain Integration Hub helps brands simply and cost-effectively assess which blockchain solutions and capabilities are most appropriate for their business and then rapidly deploy. Consumer product brands can now experiment with the unique features of individual blockchains without the risk. By removing the risk, brands can focus on the business benefits rather than the complexity of the technology. A win-win for the brand and the consumer.
EVRYTHNG Blockchain Integration Hub integrations include some of the most recognized blockchains in the world including, IOTA, OriginTrail, Tierion, BLOCKv, Bitcoin, and Ethereum. This is why we are so excited to announce a strategic partnership with Arianee.
Founded in 2017, Arianee is an independent consortium whose mission is to build a global standard for the digital certification of valuables. The Arianee protocol makes it possible to associate a unique, unfalsifiable and augmented digital identity with any item of value. This digital “identity card” opens up a new channel for interactions between brands, owners and objects that is permanent, secure and anonymous. Based on blockchain technology, the solution implemented by Arianee is open source and decentralized. Arianee services, offers the first SaaS certificate management platform and mobile wallet applications leveraging the Arianee Protocol.
EVRYTHNG helps consumer product brands operate with data-driven intelligence through the digitization of their products and the data they generate. The EVRYTHNG Product Cloud™ manages an Active Digital Identity™ for each product item, gathering and applying data from and about each item from sourcing to manufacturing to the consumer to recycling or reuse. Global consumer brands in apparel, beauty, CPG, and wine and spirits work with EVRYTHNG to manage billions of digitized product items, gaining visibility across their supply chains, providing transparency and traceability, and connecting directly with their customers through their products. EVRYTHNG has been named a Technology Pioneer by the World Economic Forum, originated the technology driving the GS1 Digital Link global barcode upgrade and won Fast Company’s World Changing Ideas Award for most impactful change driver for the consumer products category. Learn more at EVRYTHNG.com and @EVRYTHNG.