About the Project

Our client, a Europe-based luxury watch manufacturer, required development of a decentralized database to store the profiles of elite class watches and a secure marketplace to facilitate their trade. Their objective was to overcome data safety and retention issues on the luxury watch market by creating a global storage platform that could provide data related to the entire lifecycle of a particular timepiece.

Technology

  • Ethereum
  • jQuery
  • Truffle Suite

“The Ethereum-based solution provides users with an effective and secure platform to register, verify and trade their luxury watches. And the user gets a secured Blockchain Database.”

Requirements

  • Development of a decentralized luxury watch database
  • Generation of digital certificate to verify the watch’s authenticity
  • Implementation of a secure marketplace that allows watch users to see offers & items for sale
  • Multi-stakeholder model

Challenges

  • Overcoming the encryption issues
  • Running complex algorithms
  • Generating a digital certificate

THE SOLUTION

  • Development of an Ethereum-enabled solution that consists of a decentralized database and a secure marketplace
  • Implementation of Truffle Suite framework
  • Generation of an Ethereum-based certificate that cannot be falsified
  • Multi-stakeholder model: luxury watch owners, manufacturers and dealers
  • Key functionalities: watch registration, verification and monitoring

THE BENEFITS

One stop solution to monitor complete lifecycle of a watch
Watch provenance and authenticity
Elimination of data loss or alteration
Easy-to-use marketplace

SIMILAR STORIES

SEE ALL
IoT & AI Based Software for CNC Machines
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