Hey guys,
Interesting panel discussion regarding watch companies and the use of blockchain:
Watch industry and Blockchain (Video)
- Morethan1
- Frequent bumper of posts
- Posts: 1949
- Joined: Sat May 28, 2016 8:02 pm
- Name: Alex
- Location: Montreal, Canada
Re: Watch industry and Blockchain (Video)
They wanna use blockchain to track the watch from production to the end-user.
There's also AI being used to track the condition of the watch over time and prevent fakes? Not sure what the angle was for that since movement swaps can be done.
They are thinking that people will upload service intervals to the blockchain.
I got the feeling that they are trying to add these things to give more perceived value to the end user. It all comes down wether people will willingly upload service intervals and if/when a watch changes ownership.
Now add to the tax implications of having these transactions follow the watch digitally... (which they of course didn't talk about).
There's also AI being used to track the condition of the watch over time and prevent fakes? Not sure what the angle was for that since movement swaps can be done.
They are thinking that people will upload service intervals to the blockchain.
I got the feeling that they are trying to add these things to give more perceived value to the end user. It all comes down wether people will willingly upload service intervals and if/when a watch changes ownership.
Now add to the tax implications of having these transactions follow the watch digitally... (which they of course didn't talk about).
Re: Watch industry and Blockchain (Video)
I’d rather not have a permanent history following every watch I’ve bought and sold. The watch is mine and that’s all I really want to know about it.
The Hapa
- Morethan1
- Frequent bumper of posts
- Posts: 1949
- Joined: Sat May 28, 2016 8:02 pm
- Name: Alex
- Location: Montreal, Canada
Re: Watch industry and Blockchain (Video)
AgreedHapaHapa wrote:I’d rather not have a permanent history following every watch I’ve bought and sold. The watch is mine and that’s all I really want to know about it.
- toxicavenger
- President Tranny
- Posts: 48115
- Joined: Fri Mar 12, 2010 8:25 am
- Name: HeadDIK
- Location: Colorado Springs
Re: Watch industry and Blockchain (Video)
they can blockchain my nutz
Website: http://smallwhitestubbies.com/