Prelovee | Updates

By Stephanie Neumann

Prelovee Starts Implementing Blockchain Concept

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Dear Companists,

First of all, we would like to welcome all our new Companists: Thank you for your investment and confidence in Prelovee!

In recent weeks, Prelovee and the new CTO Archibald Sheran have worked on a strategically important and innovative concept. With Archibald's background and expertise in blockchain technology, search engine platforms, and the problems of customers analyzed in the market, Prelovee has now developed a concept to guarantee customers even more security when purchasing re-sale designer products in the future.

Prelovee's goal is to create a global database, a worldwide available register, based on the blockchain. With it, pre-tested designer products or new designer products are to be registered on the blockchain with unique IDs, receipts, and recorded characteristics in order to be able to track and trace their life cycle seamlessly. This is comparable to checkbook maintenance for cars, which also increases or stabilizes the value of the product.

In this case, the blockchain provides the additional security that nothing can be changed or deleted from the entered data, since the blockchain technology prevents information already stored there from being adjusted retroactively.

The global market loses more than USD 1 trillion every year due to product piracy. Prelovee considers the introduction of an automated technical solution for products with high unit prices in the re-sale designer market to be a milestone for the luxury goods industry and the fight against product piracy.

We hope to have given you a better insight and are looking forward to your feedback, investment, and support. Post your questions in the comments area or send them to us directly at investor-relations@prelovee.com.

 

With kind regards,

Stephanie Neumann



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