Luxtag is a registered blockchain based company located in Cyberjaya, Kuala Lumpur. The service provided is the first ever digitized certificates of authenticity for products (or machines, or vehicles, etc.) on a blockchain that will be updatable, can have messages attached, and their conjoint ownership can be flexibly transferred. In LuxTag, the certificates are fully-fledged accounts on the blockchain.
The proof of originality regardless or patent, designs , products and services will be kept in blockchain which making it one-of-a-kind item by using Luxtag. Luxtag is a blockchain-powered application to cater the market of anti-counterfeit (brand protection) / anti-theft (ownership tagging) & manufacturer big-data (visualization of interactions with items), serving the market with a solution to prevent abuse of such issues mentioned above. These functions can be applied to most of the online-based services and product which include gaming, e-commerce, e-medic, e-banking or transfers, traveling, and social media.
While being a startup company , Luxtag is one of the top 9 startup companies that utilize blockchain technology beyond cryptocurrency and recognized as Malaysia Digital Economy Corporation’s partner at the National Higher Education Carnival 2018. They have also recently collaborated with DeFeet international, a well known socks manufacturer in Hiidebran, NC where DeFeet utilise the technology to fight against counterfeiting products.