Luxury brand blockchain infrastructure provider Arianee has developed a cutting-edge layer 2 platform on Polygon to enhance its digital product passport system used by various luxury brands and companies.
Since early 2023, Arianee has been working on optimizing the layer 2 technology, utilizing Polygon’s Chain Development Kit (CDK), which is powered by zero-knowledge proofs (ZK-proofs). Pierre-Nicolas Hurstel, the co-founder and CEO of Arianee, discussed the reengineered infrastructure in an interview with Cointelegraph. He explained that this new development allows brands and developers to create highly customizable, cost-effective, and high-performing digital passports and tokens that are connected to real-world products and assets.
Hurstel emphasized that they exclusively build on the Ethereum Virtual Machine (EVM) to cater to enterprise and scalable use cases. He noted that it is challenging and risky to build on layer 1 or even on the Polygon mainnet when aiming to provide a seamless and universally accessible service with predictable costs.
The CEO of Arianee stated that the company’s focus is on supporting brands that are involved in scalable, high-performance, and evolving projects. These brands require an environment that allows precise control over efficiency in terms of both costs and energy consumption.
Arianee’s native protocol token will be utilized for payments within the Polygon CDK application-specific chain (appchain), which is connected to the Aria20 ERC-20 token on the Ethereum mainnet. By launching the layer 2 appchain, brands will be able to introduce and manage their digital product passports and loyalty tokens.
Currently, Arianee serves as the infrastructure provider for over 40 luxury brands, including Breitling, Moncler, Yves Saint Laurent, and Lacoste. For instance, luxury watch brands like Breitling use the protocol to issue digital product passports that provide blockchain-based proof of ownership to their owners.
These digital passports are nonfungible tokens (NFTs) that offer customizable utility for their physical counterparts. Owners have complete ownership and control over their data and can interact with manufacturers to arrange product repairs, warranties, insurance, and other services.
Polygon’s CDK is expected to provide enhanced scalability and performance through its ZK-proof technology. Brands that use Ethereum’s ERC-721 token standard to issue NFTs and digital passports can integrate their existing infrastructure with Arianee’s protocol using the Polygon CDK.
Another advantage of the new layer 2 functionality is the provision of dedicated block space for individual applications on the protocol. This helps reduce the impact on user experience caused by high network activity. Additionally, Polygon’s scaling infrastructure reduces the operational costs associated with gas fees and smart contract execution for applications and services.
In February, Polygon released a new Type 1 prover, which enables ecosystem chains like optimistic rollups to unlock the layer 2 functionality of ZK-proofs. This open-source technology allows for the generation of ZK-proofs for mainnet Ethereum blocks at a minimal cost.
Trending
- Aave Considers Integrating Chainlink to Reimburse Users for MEV Fees
- Italy imposes a $15M fine on OpenAI for violating data protection and privacy regulations.
- Quantum Computing Will Strengthen Bitcoin Signatures: Adam Back
- Bitcoin’s social sentiment reaches annual low, indicating an imminent BTC breakout.
- Spacecoin XYZ successfully deploys inaugural satellite within outer space blockchain network
- French Regulator Approves Cryptocurrency Operations for BPCE Subsidiary
- Investor Lawsuit Initiated Against Creators and Partners of Hawk Tuah Memecoin
- The Implementation of a Bitcoin Reserve Act Could Put an End to the 4-Year Boom-Bust Cycle in Cryptocurrency