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Using blockchain-based records mean that each watch will have its history and provenance indelibly recorded.
Aura's blockchain-based solution will provide incorruptible data on a product's provenance and history along with proof of authenticity, addressing the challenges of traceability, responsible sourcing and sustainability.
Independent maison is using a blockchain-based solution from qiibee that gives customers who buy Louis Erard products with loyalty points that can be exchanged for rewards.
A new system using artificial intelligence and technology similar to facial recognition is able to identify a Hublot watch and pull up its history and authentication details.
Having first piloted the protection of its watches using blockchain technology last year, Vacheron Constantin is rolling out the anti-counterfeiting measure to every watch it produces.
Watches will be tracked for life with details of their owners, warranty and service history indelibly tethered to each piece.
Reissue of Top Time chronograph, a Breitling hit in the 1960s, can have its movement and ownership traced throughout its lifetime.
Blockchain could also make Vacheron watches more valuable on the secondary market, and make them more desirable to retailers taking trade-ins, because they will can be instantly authenticated against the manufacturer’s ledger.
Brands across the luxury industry are lining-up to jump on the blockchain bandwagon, but how will it work in practice? Tom Mulraney, editor and publisher of The Watch Lounge, follows the digital trail to find out.
Blockchain, the technology behind Bitcoin, will keep an incorruptible record of a watch's purchase and resale history throughout its lifetime.
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