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Secco Introduces First Luxury Blockchain

Lindsay

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Secco, a leading one-stop luxury products and services platform, announced a partnership with Emotionally Unavailable (EU) at the press conference held in Shanghai on June 30. EU is designed by famous Chinese pop-star Edison Chen who also attended the event and shared the reason why he chose to partner with Secoo. During the event, Secoo also officially launched a blockchain-based technology which will be applied on specific items sold on Secoo platform and make Secoo the first company to utilize blockchain for product application in the luxury industry.

Champion Ren, CGO of Secoo, demonstrated how to use blockchain to achieve anti-counterfeiting traceability based on Secoo’s authentication and anti-counterfeiting capability. After the authentication, a piece of anti-counterfeiting information will be generated for each item and Secoo will upload the information to the blockchain system for storage. Relying on the blockchain technology, decentralization, non-modification and traceability, products will have a unique identification with multiple anti-counterfeiting inspection information. Consumers can also find detailed information through Secoo mobile application to ensure the products’ authentication.

Champion Ren also illustrated the steps to use blockchain for traceability with product name, color, size, authentication information and blockchain information. Ren said,

“Secoo is the first company to launch luxury blockchain in the industry. As a precursor, Secoo has many advantages, such as physical offline experience centers, warehouses and strong partnerships. In the future, Secoo will also help partners to open the commodity information upload and traceability privileges.”

Through ten-year efforts, Secoo has already accumulated plenty of experience in luxury authentication. Secoo owns Asian’s largest luxury authentication center and over 100 appraisers all over the world. The adoption of blockchain will increase the consumers’ trust as this new technology allows Secoo and consumers to avoid the fake issues and purify the luxury market.

Secoo has worked on this topic for a couple of months according to Ren.

“The official launch is attributed to the whole company members. In the future, Secoo will apply blockchain into more commodity categories and seek for more cooperation and partnerships to jointly improve the luxury industry.”

 

What do you think of this partnership? Do you think other luxury brands will begin using a blockchain? Tell us in the comments! 

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Uber to Roll Out New Safety Features

Lindsay

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Uber is doing more to keep riders [and their public image] safe.

The ride-sharing company has announced they will now send an alert to remind consumers to verify the vehicle and driver information before riding. After booking a ride, riders will receive an alert notification from the app asking them to verify the car make, model, and license plate number. The alert will also remind them to verify the driver’s name and appearance matches the driver name and picture listed in the app. Uber will also begin posting safety reminders within the app as well.

“In the app, when you’ve ordered your Uber and it’s on the way, you will get more persistent, more frequent push notifications to your phone that remind you to check your ride.” – Tony West, Uber’s Chief Legal Officer

This news comes on the heels of building public backlash about the company’s current safety measures. Three riders have filed a lawsuit against Uber for negligence after individuals posing as fake drivers raped their passengers, and a 2018 CNN investigation found “at least 103 Uber drivers in the United States had been accessed of sexually assaulting or abusing their passengers in the previous four years.”

Earlier this month, Samantha Josephson, a 21-year-old senior at the University of South Carolina, was murdered after entering a vehicle she mistook for her Uber. Josephson’s family has launched WhatsMyName.org, a website that educates riders on safety precautions, and a subsequent #WhatsMyName hashtag on social media. Representatives have also introduced the “Samantha L. Josephson Ridesharing Safety Act” bill in the South Carolina Legislature. The bill would require all transportation network companies (TNC) to “possess and display certain illuminated signage at all times when the TNC driver is active.”

 

 

Uber filed their IPO, set to be the largest in history with a potential $100 billion evaluation, earlier this month.

 

Are you a fan of ride-sharing companies? Do you think this controversy will affect Uber’s IPO? Tell us in the comments!

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XPRIZE Awards $1 Million ‘Moonshot Award’ to Team SpaceIL

Chris

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XPRIZE announced it will recognize SpaceIL’s achievement with a $1 million Moonshot Award for its successful entry into lunar orbit and for its attempt to land on the lunar surface – both of which are “firsts” for a privately-funded entity, marking a new era in space exploration.

SpaceIL’s robotic lander, Beresheet, Hebrew for “Genesis,” came very close to touching down on the Moon yesterday, but ultimately failed to soft-land during its final descent. As it prepared for landing, Beresheet experienced a main engine failure and lost communication with mission control in Tel Aviv, suggesting the lander crashed into the surface.

“SpaceIL’s mission not only touched the Moon, it touched the lives and hearts of an entire world that was watching,” said Peter H. Diamandis, executive chairman and founder of XPRIZE. “The legacy SpaceIL will have on the future of the space industry is significant. This team’s ability to build a lunar lander for $100 million and less than 50 engineers is remarkable, a leap forward towards affordable and accessible space exploration. Congratulations to Morris Kahn, their primary benefactor, and the entire SpaceIL team for all their accomplishments — we are so proud.”

SpaceIL was founded in 2011 by Yariv Bash, Kfir Damari and Yonatan Winetraub, in order to compete in the $30 million Google Lunar XPRIZE. In 2015, SpaceIL became the first team to announce a launch contract, and they launched for the Moon on a SpaceX Falcon 9 on February 21, 2019.

“As a testament to the team’s passion and persistence, we are presenting this $1 Million Moonshot Award to the SpaceIL team at our annual Visioneering Summit in October 2019, with the hope that they will use these funds as seed money towards their education outreach or Beresheet 2.0, a second attempt to fulfill the mission,” said Anousheh Ansari, chief executive officer of XPRIZE. “We are so proud and humbled to have served as the catalyst for this mission, not just to further private space exploration, but to increase access to education, career opportunities, and role models in this field, something that is very much in line with the values of the XPRIZE Foundation.”

The Moonshot Award, inspired by SpaceIL, was created to recognize an XPRIZE team achieving a “moonshot” technological feat outside the parameters or timeframe of an XPRIZE competition, with the funds coming directly from the XPRIZE Foundation. Future Moonshot Awards will be considered in other domains, recognizing both literal and figurative moonshots.

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