Le Lézard
Classified in: Science and technology, Business
Subjects: PDT, JVN

VIRGO, the New SUSTAINABILITY, REPUTATION & AUTHENTICITY Platform Dedicated to Fashion & Luxury


MILAN, April 21, 2020 /PRNewswire/ -- Temera, PwC, Luxochain and Var Group, four world-class leaders, have contributed to create the first integrated, safe and transparent solution for value chains tracking, certifying the authenticity of luxury goods, from raw materials purchase to goods manufacturing and sale, up to the ownership transfer on the secondary market.

 

Virgo logo

 

Virgo will allow manufacturers to self-certify every single lot, using several best-in-class technologies, from RFID UHF and NFC to blockchain certification, the latest promising innovation in the luxury goods' certification market.

Virgo is an open and modular solution, with multiple technologies, from IoT to blockchain, maintaining an agnostic and integration-oriented philosophy. The platform allows brands and customers to track the whole life cycle of the product, which can be integrated with existing ERPs; it aims at reaching maximum flexibility and at being easy to use for every player involved, focusing on the user-experience for brands.

Virgo reshapes luxury and fashion's storytelling, also turning the supply chain operators into real protagonists, opening up new dialogue perspectives with consumers, allowing them to know the garments' origin, as well as collecting information on the raw material used, the product's ethical sustainability and its environmental and social impact. Virgo becomes a key tool to enhance brand's commitment and a benefit for the entire supply chain. You can download the App for iOS and Android.

Arcangelo D'Onofrio, CEO Temera, said: "Current certification systems are complex and expensive, while the supplier monitoring system is inadequate to meet the ever-increasing need for transparency in the supply chain. Thanks to Virgo, we are able to increase consumers' confidence in the brand, making all vale elements clear, while respecting the principles of transparency, ethical and environmental sustainability, animal welfare and raw materials and processes' quality."

Francesca Moriani, CEO Var Group, declared: "Transparency and sustainability are key values allowing brands to increase their reputation and trust. Every moment, every place, every manufacturing process becomes a value element. Tracing a product along the supply chain creates a history, a set of transactions that anyone can read as a proof of authenticity and guarantee."

Davide Baldi, CEO Luxochain, added: "We are very proud of this strategic initiative. Virgo's goal is to protect brands' reputation, creating Digital Certificates of Authenticity and ownership, for each product, providing new value chain-related analytics and insights, improving both loyalty and rewards process between brands and end-users. With our system any buyer can use their smartphone to verify the authenticity of each product, in-store and online, or in the growing secondary market."

Stefano Spiniello, Associate Partner PwC, stated: "This is a unique opportunity to integrate different skills and competencies and to participate in the promotion and implementation of a strategic platform supporting companies in both tracking and validating supply chain's processes. Virgo's use will result in sustainability and brand reputation enhancement, to the benefit of the organizations."

Virgo, change the world of tomorrow, today.

Logo - https://mma.prnewswire.com/media/1156216/Virgo_Logo.jpg

Press Contact:

Davide Baldi
www.virgo.tech 
[email protected] 
Tel +41919233344 

 


These press releases may also interest you

at 07:50
Union Pacific Corporation today reported 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share. This compares to 2023 first quarter net income of $1.6 billion, or $2.67 per diluted share. "Our team delivered strong financial...

at 07:35
GeoPark Limited ("GeoPark" or the "Company") , a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended March 31, 2024 ("1Q2024"). Oil and Gas...

at 07:35
PHINIA Inc. , a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the first quarter ended March 31, 2024. First Quarter Highlights: U.S. GAAP net sales of $863 million, an increase of 3.4%...

at 07:35
EMCOR Group, Inc. today reported results for the first quarter ended March 31, 2024. For the first quarter of 2024, revenues totaled $3.43 billion, an increase of 18.7%, compared to $2.89 billion for the first quarter of 2023. Net income was...

at 07:35
TriCo Bancshares : Executive Commentary: "The start of the second quarter of 2024 also represents the start of Tri Counties Bank's 50th year of operations. Thinking back to our humble beginnings, we have achieved great success through our...

at 07:35
Lincoln Electric Holdings, Inc. (the "Company") today reported first quarter 2024 net income of $123.4 million, or diluted earnings per share (EPS) of $2.14, which includes special item after-tax net charges of $5.2 million, or $0.09 EPS. This...



News published on and distributed by: