The idea of using blockchain to verify the authenticity of luxury items offered by Trona is so flawed. Let's say that you want to buy a piece of fine art. In that case, you would have to trust the competence of the first appraiser, and only him because his final verdict would be written on a blockchain, thus immutable. But what if that appraiser has failed to distinguish the fake from the original at that time and the fact of forgery was discovered later? Would it be necessary to create a new chain in order to write down the correct information?
Trigger Happy Jay March 31, 2020 Reply
Trona is definitely not the kind of blockchain project that will reach for the stars, but the idea that it presents is quite valuable. Fashion might represent a narrow niche of the whole retail industry, but it is certainly one of the most attractive investment-wise. I am more than certain that Trona will not be able to produce any meaningful results, but it serves as an indicator of a trend towards combining blockchain and the business of fashion.
GiannY November 1, 2019 Reply
Why would fashion retailers need something like TRONA to sell their high-end products for cryptocurrencies? All they need is to partner with some Bitcoin payment solution and offer customers a means to pay in BTC, or any other popular cryptocurrency. No one would want to go through the trouble of buying some unknown token to pay for posh merchandise in selected online stores. TRONA's business model is flawed at its core.
DannyYY October 6, 2019 Reply
With TRONA's website down and the lack of info online, there are quite a few red flags here, and it will be interesting to see whether the project actually managed to raise any decent amount, considering its shortcomings.
greenlantern September 3, 2019 Reply
As mentioned, the project does not have a lot of details released. Worse still, their website cannot be accessed. This prevents investors from accessing the project's white paper and getting information about the project, which won't inspire anyone to invest blindly.
bodiebilder September 3, 2019 Reply
We list the most relevant upcoming crypto market ICOs
DogData is an Estonian based kennel organization built by a team of talented individuals united by a passion for modern technological capability and Dogs...
30 days left
Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone.
61 days left
SerenitySource is an Australian project that created a patented technology, which is based on the comprehensive use of blockchain and smart contracts. It allows the project to act as an energy retailer which gathers the data related to the household energy consumption.
90 days left
As the years continue to go by, the cryptocurrency adoption rate seems to be speeding up. Existing coins like Bitcoin, Letecoin, and alike are getting accepted by more and more merchants and services. Major companies like Facebook are even launching their own coins, and the same is true for banks, s...