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
