Lamborghini Uses Blockchain for First-Ever Collectible Digital Stamps

UTC by Muhaimin Olowoporoku · 2 min read
Lamborghini Uses Blockchain for First-Ever Collectible Digital Stamps
Photo: Lamborghini

Automobili Lamborghini has announced the launch of its first collectible digital stamp. This stamp is dedicated to the Huracan EVO RWD Spyder.

Popular Italian car manufacturer Lamborghini has floated its first blockchain-based collectible digital stamps alongside Bitstamps. The company has revealed this on its website and explained that the need for the blockchain digital stamp is attributed to their desire to ensure that each of the firm’s pieces is unique.

With Lamborghinis’ adoption of blockchain, it goes on to endorse the numerous advantages of the tech. The collectible digital stamp being launched is dubbed “Automobili Lamborghini Collection” and would employ Distributed Ledger Technology (DLT). The company will offer a series of collectible digital stamps

From the collection, the first stamp is dedicated to the Huracan EVO RWD Spyder, a new model that Lamborghini unveiled this month. The firm made this announcement after restarting activities on the 4th of May after suspending its operations due to the coronavirus. On our website, you can also read about the activities of other companies amid the pandemic. All the information is gathered in the coronavirus news section.

With Lamborghini and Bitstamps partnership, users will be able to download the first Huracan EVO RWD Spyder stamp through the Bitstamps app on iOS and Android. The stamp is going to be a limited edition with 20,000 units available.

The Italian manufacturers said that the stamps could be sold, bought, or collected like a paper stamp. According to the DLT firm, they said the Huracan EVO RWD Spyder stamp would be sold at 9.90 euros; however, how users would payments methods have not been clarified.

With Lamborghini Blockchain Continues to Break New Grounds

Blockchain technology continues to gain ground and get adopted in virtually every sector of the economy like agriculture, sports, medicine, etc.

The tech has also been used in digitizing artworks and sport-related collectibles, as well as collectible digital stamps.

Last year, Austrian post released a line of blockchain-certified collectible stamps. It marked as the first stamp globally to be verified with blockchain.

Also, the Automobili Lamborghini Collection initiative is not its first attempt of the blockchain adoption. The firm used the Salesforce blockchain to validate heritage Lamborghini cars. Also, many other automobile makers are looking at how to use DLT to improve their products and also aid operations and save on costs.

Reportedly, Ford, the American automobile company, has said it would employ DLT to keep track of “green miles” driven by its new energy-efficient vehicles.

Blockchain News, News, Technology News, Transportation News
Muhaimin Olowoporoku
Author: Muhaimin Olowoporoku

Muhaimin is a journalist, a fintech and crypto enthusiast who is passionate about its development in Africa and across the globe. Muhaimin derives pleasure in reporting and analysing happenings in the crypto world and a believer in Blockchain technology.

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