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COINTURK NEWS > Blockchain News > Arianee Develops New Layer-2 Network on Polygon for Luxury Brands
Blockchain News

Arianee Develops New Layer-2 Network on Polygon for Luxury Brands

In Brief

  • Arianee scales digital product passport platform with a new Layer-2 network.

  • CEO highlights customizable, cost-effective digital passports and tokens.

  • Layer-2 launch enables brands to manage digital passports and loyalty tokens.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Luxury brand blockchain infrastructure provider Arianee has developed a new Layer-2 network built on Polygon to scale its digital product passport platform used by various luxury brands and companies. Since the beginning of 2023, Arianee has been optimizing the Layer-2 network using Polygon’s zero-knowledge proof supported Chain Development Kit.

Contents
Key Statements from Arianee CEOKey Details About Arianee

Key Statements from Arianee CEO

Arianee co-founder and CEO Pierre-Nicolas Hurstel made significant remarks about their redesigned infrastructure that allows brands and developers to design highly customizable, cost-effective, and high-performance digital passports and tokens linked to real-world products and assets:

“We are building on the Ethereum Virtual Machine, addressing corporate and scalable use cases. While trying to provide a service that operates with seamless, universal, and predictable costs, building on Layer-1 or the Polygon mainnet continues to be difficult and risky.”

Arianee’s CEO stated that the company focuses on supporting brands dealing with scalable, high-performance projects that demand an environment offering precise control over costs and energy consumption.

Key Details About Arianee

Arianee’s native protocol token will be used for payments within the application-specific chain of the Polygon CDK, bridged to the Aria20 ERC-20 token on the Ethereum mainnet. The launch of the Layer-2 solution will directly enable brands to launch and manage their digital product passports and loyalty tokens.

Arianee currently serves as an infrastructure provider to more than 40 brands, including Breitling, Moncler, Yves Saint Laurent, and Lacoste. Luxury watch brands like Breitling issue digital product passports on the protocol to provide blockchain-based proof of ownership to their owners.

These digital passports are defined as immutable assets that provide customizable benefits for their real-world counterparts. Owners possess and control their data and can interact with manufacturers to organize and manage product repairs, warranties, insurance, and other services.

Polygon’s CDK solution is expected to offer higher scalability and performance thanks to its ZK-proof technology. Brands using Ethereum’s ERC-721 token standard to issue NFTs and digital passports can also integrate their existing infrastructure with Arianee’s protocol using Polygon CDK.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 22 February, 2024 - 6:14 pm 22 February, 2024 - 6:14 pm
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