About The Project
Our client, a Europe-based luxury watch manufacturer, required the 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.
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 luxury watch users offer items for sale
- Multi-stakeholder model
CHALLENGES
- Overcoming the encryption issues
- Running complex algorithms
- Generating a digital certificate
Benefits
- One stop solution to monitor end-to-end lifecycle of a luxury watch
- Watch provenance and authenticity
- Elimination of data loss or alteration
- Easy-to-use marketplace