Find out the latest developments.

Arman Sarhaddar, CEO and founder of Vault Security Systems AG. Park Hyatt, Zurich.

6 good reasons to use blockchain technology

In short: Arman Sarhaddar answered one important question in his presentation at the Park Hyatt Hotel in Zurich: Why does ivault use blockchain technology? There are 6 benefits of the blockchain which you can read more about in this blog entry that comes with another video of the CEO and founder of Vault Security Systems AG.

Arman Sarhaddar, CEO and founder of Vault Security Systems AG. Park Hyatt, Zurich.

Arman Sarhaddar, CEO and founder of Vault Security Systems AG. Park Hyatt, Zurich.

Why do we use blockchain?

 

And why do we avoid to just rely on basic encrypted servers? There are millions of hacker attacks on encrypted servers per day. This tremendous amount of illegal activities is captured in this live graphic cybermap. By now, every tenth company in Germany is affected by these hackers’ attempts to steal data. Information security simply isn’t provided by standard encrypted servers anymore. So, in Arman’s words, we don’t do blockchain because there is such a hype building around blockchain, but because it is safe. It provides security for the costumer as well as the company, that can protect its supply chain against counterfeit with the ivault app.

In this video Arman gives 6 more reasons why we should use blockchain in general. Don’t forget to change the settings in the bottom right corner of the YouTube video to turn on English subtitles, if you don’t understand German. You can also read about this 6 blockchain advantages below.

6 advantages of blockchain technology

 

In the video Arman talks about 6 good reasons why we are using blockchain or distributed ledger technology and why it accounts for better data protection. In short, the highest possible cybersecurity is provided by:

  1. The distribution of data among nodes (computers). These nodes are connected to a global network and stand in as the “blocks” of the blockchain.
  2. The blockchain is therefore safe. One of the safest technologies in the world maybe. All entries are individually encrypted and secured.
  3. So, once data have been uploaded and entered in the blockchain, it cannot be changed, tempered with or manipulated anymore. It’s simply not possible.
  4. The anonymity, furthermore, guarantees that the blockchain is protected against external attacks.
  5. And this is the case for any kind of data, because everything is programmable. So any kind of data can be entered in the blockchain.
  6. A time-stamp is giving to every information stored on the blockchain. So it provides us with a really high transparency as well.

Would you like to know more about how ivault.app works? Leave a comment in the comment section below. We are looking forward to answering your questions.

If you have not yet subscribed to our ivault YouTube channel, you should do so: Click here to go to ivault on YouTube. We will soon be uploading more video content of CEO Arman Sarhaddar. You can also subscribe to the ivault newsletter here.

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Martin Beyer CTO Vault Security Systems AG ivault management

Martin Beyer about the ivault application and Golisan

In short: This blog entry is the second part of the 3-part blog series on the information event at the Park Hyatt Hotel in Zurich which was held to demonstrate the current status of the ivault product development. In the first article we gave you information about the lost and found patent and how the B2C and B2B platform connected. This part also serves as the continuation of the article about the Swiss company Golisan, which you can quickly read here.

Martin Beyer CTO Vault Security Systems AG ivault management

Martin Beyer CTO, Vault Security Systems AG.

CTO Martin Beyer about the use case Golisan

 

Chief Technology Officer Martin Beyer has more than 20 years of experience in leadership of multi-cultural technology and development teams realizing award winning products in the field of mobile apps, color and appearance, virtualization, cloud services and many more. As he says in the video below, he is the one to look after the technological realization and implementation of CEO Arman Sarhaddar’s ideas about the ivault blockchain.

He demonstrated in his presentation how the application ivault.app works. The first custom-made B2C-solution to protect a business’s supply chain against counterfeit products was designed for the Swiss company Golisan. In this video you will be able to be part of the first view minutes of his power point which we had to shorten for privacy and data protection reasons. Don’t forget to change the settings in the bottom right corner of the YouTube video to turn on English subtitles, if you do not understand German:

As we mentioned in the first blog entry, the B2C platform is largely based on the B2B model. So, what are the advantages of what Martin is telling us here for the individual consumer?

Product safety

 

Product safety and cybersecurity concerns both companies and individual users of products, that is the B2B and B2C sector. In the end, the consumer – in this case: the buyer of the Golisan saffron extract drops – with the ivault app on his smartphone can scan the QR code that was printed on the package. He will be given all the information about the product and most important, as you can see in the screenshots from Martin’s presentation below, the comments:

  • “Product is genuine.” – It is with 100% certainty the trustworthy original. The customer got what he bought.
    or
  • “There is a high risk, that this product is fake.” –  It could be a fake, for example when the QR code of a company’s product using ivault.app is fake and the app says: No information found.
Product safety with ivault.app – Product is genuine. 

Product safety with ivault.app – “Product is genuine.”

This is how any information about any product can be provided, e.g. origin of the components and further instructions on how to apply the product. Thanks to the distributed ledger technology the information once added in the blockchain cannot be changed or tempered with anymore. And if someone tries to forge a QR code – a vain endeavor since it is not possible – the ivault app cannot find information about the scanned product. That’s how the individual user knows that there is a high risk, that the product is fake.

Product safety with ivault.app: There is a high risk, that this product is fake.

Product safety with ivault.app – “There is a high risk, that this product is fake.”

Would you like to know more about how ivault.app works? Leave a comment in the comment section below. We are looking forward to answering your questions.

If you have not yet subscribed to our ivault YouTube channel, you should do so: Click here to go to ivault on YouTube. We will soon be uploading more video content of CEO Arman Sarhaddar and more interesting information about the ivault concept. And if you want to get more information on this, you can subscribe to the ivault newsletter here.

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ivault at malta ai & blockchain summit 2019

ivault at Malta AI & Blockchain Summit 2019

In short, part of Vault Security Systems AG’s management team represented the new brand ivault at the 2019 Malta AI & Blockchain Summit. We were excited to have the chance to get to know some of the 100 Startups, 700 Investors, 5500 delegates, and 150 exhibitors.

As you might guess, it was a great opportunity to network with other companies and professionals in the fields of blockchain, big data, artificial intelligence (AI), internet of things (IoT), and quantum technologies.

ivault at malta ai & blockchain summit 2019

ivault is growing by the minute

 

As you can see in the list provided above, this year we have already been to the World Economic Forum in Davos, and the Global InsurTech Summit in Istanbul. The Malta AI & Blockchain Summit is such a huge event that the island, which is a country of its own, has truly become the “The Blockchain Island”, if not “The Blockchain Country”.

2018 was the year Malta cemented itself as The Blockchain Island with the launch of three bills during the Malta AI & Blockchain Summit last November.

In 2019, the Blockchain & AI Nation is moving beyond the hype. The Maltese Government will enact a world first: a fourth bill, giving a D.A.O. its own legal personality. In addition, a task force is also working around the clock on a set of incentives that will support businesses in Artificial Intelligence.

Malta was another great opportunity to meet a lot of inspiring minds and their pioneer companies in blockchain and AI technologies. In the picture below, we had a chat with Hamza Afifi, the organiser of the summit.

From left to right: Lothar Rentschler, our CMO; Hamza Afifi, the administrator of the Malta AI & Blockchain Summit; Arman Sarhaddar, our CEO

From left to right: Lothar Rentschler, our CMO; Hamza Afifi, the administrator of the Malta AI & Blockchain Summit; Arman Sarhaddar, our CEO.

Due to the number of participants and visitors, we did extensive networking and capitalised on numerous new connections. Of course, the great lectures were noteworthy, too. With approximately 200 speakers, we didn’t get the chance to listen to every single one of them (even though we were interested in all of these). The keynote presentation was given by Joseph Muscat, the Prime Minister of Malta.

We also participated in some workshops and conferences. Our core issues were of interest:

  • Blockchain for Transport & Logistics, and
  • Blockchain for Healthcare.

These were all panel discussions with several participants.

People were also inspired by ivault, our global blockchain-based platform to protect company supply chains against counterfeit. Of course, we talked about InfoSec / Cybersecurity and GDPR Compliance as well. In just a few days, our network expanded grew significantly. In fact, we can’t wait for the next big event – hopefully we’ll see you there, too. In the video “Highlights | AIBC Summit May 2019” below, you can get an insight of the amazing atmosphere on the premises. The power of the forward-thinking attendees is striking.

What do you think?

 

If you didn’t have the chance to get to Malta and want to find out more, you can read this article about the first day of the AIBC Summit. Or you can read their magazine “Block”, a biannual publication on the pioneering applications of AI & blockchain technologies with a specific focus on the industry in Malta. It gives a quick overview of our experience there.

Have you already signed up for your copy of the ivault newsletter? If not, you can quickly subscribe here.

Join in the discussion and leave a comment. We will respond as soon as possible.

  • What do you think of the AIBC Summit in Malta, have you been there?
  • Take ivault.app for a test drive soon… how could you ever be without it?
  • What other issues would you like to see discussed on our blog? Would you like more facts about blockchain, like we provide on FinTech, MedTech or luxury goods? Let us know in a comment below.

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Arman Sarhaddar test take for the iVAULT shooting in Zurich, Switzerland

Behind the scenes: 3 video clips for ivault

There is no doubt that ivault will be of great use to individual consumers and businesses alike. Just take a look at the information given on the homepage, and find out for yourself. Here is some additional content:

The ivault video production gave me the chance to see a passionate team come together to make something truly innovative possible. With this blog entry you can take a peek behind the scenes of this fascinating project. Subscribe to our YouTube channel for the latest videos. Lesen sie diesen Beitrag auf Deutsch hier.

Arman Sarhaddar, CEO and founder, engaged in shooting preparations with Urs E. Gattiker

Arman Sarhaddar, CEO and founder, engaged in shooting preparations with COO Urs E. Gattiker.

It all happened pretty quickly. Urs called me one day and told me to get the camera ready for some videos we had to make. Something new was coming: ivault.

In short, he said, it is a global network for users to register assets, such as lost or stolen goods, to search for, and identify them on a blockchain. Companies, for example, can protect their supply chain against counterfeits and contraband. Medical technology manufacturers and luxury goods suppliers can all protect their supply chains. Insurance companies can use ivault’s fintech to serve their clients better while speeding up claims processing.

So I came to Zurich, Switzerland, to get to know the team of Vault Security Systems AG. I have already been working with Urs E. Gattiker, Chief Operating Officer, for quite some time. He has a history of coming up with ideas, realising them and executing them successfully – something called having a very good track record. Urs introduced me to Arman Sarhaddar, Chief Executive Officer and founder, the man who had the idea to create ivault in the first place. He got Lothar Rentschler to join the team. Lothar is now Chief Marketing Officer of Vault Security Systems AG.

These three have a clear vision about how to use ivault. They discussed with one another and myself how many different target groups could take advantage of blockchain technology. Art lovers, collectors, and manufacturers (of machines, medical technology, car parts and so forth), as well as consumers can better protect their products or possessions with ivault’s help.

In short, ivault is beneficial for pretty much everyone.

The meeting brought together a vast number of different ideas. Finally being in the same room together made it possible to unite interests and ideas in order to act in concert. It was as much fun as it felt productive to be a part of this. But let’s get to the point.

Why ivault?

 

In his video, Arman Sarhaddar wanted to tell us about how he got the idea to create ivault. He would have been glad to have a platform like this back when he got robbed and lost so many valuable belongings he loved:

Arman could have searched for his belongings on the blockchain, and ultimately, might have found the stolen items. It is possible for anyone to do so on thousands of computers, because once a transaction is registered on the blockchain, it cannot be changed or tampered with. Maybe the thief sold Arman’s wooden sculpture. If Arman had it registered on the blockchain, the buyer could have checked online, to see if the seller could produce proof of ownership. Without it, the thief could not have sold it. That is how easily fraud can be detected with ivault.

For businesses the use of the blockchain technology with ivault is even more effective. Any counterfeit product causes the manufacturer revenue loss. Plus, these products are not genuine and are likely to operate less perfectly than the original. Cheaply reproduced medication, which is not stored properly or uses improper ingredients hurts patients badly and can cause death. This all undermines the brand’s reputation. With ivault we are able to truly protect what’s ours – against theft and fakes.

I would have used ivault, too

 

As a cinematographer, I feel privileged to have made the first three videos for ivault. When we discussed what we wanted to share with viewers, I realised I would have been glad if the platform had existed two years ago. At that time, I decided to start my own venture while a full-time student. I purchased my first piece of equipment secondhand, a steadycam. But when it arrived, I noticed that it did not work properly and that it was a fake. I had a lot of difficulty getting my money back.

What convinced me personally about ivault, was that it would have been so much easier to check whether the genuine product was being offered to me at the time. Moreover, it would have been very affordable to invest in ivault and protect my money by first checking with ivault before buying the used camera thereby.

Of course, Lothar Rentschler knows even better what he is talking about when he praises the high market potential of ivault. And that is why you should definitely watch his video next:

ivault is the first global network to use blockchain technology for registering and identifying assets (such as lost items or stolen goods). It lets users register their items on the blockchain, search for, and identify them. In his video, COO Urs E. Gattiker gives you a short summary about:

  1. What is ivault and how does the blockchain work?
  2. What four business challenges does ivault address? Like authenticity and information security, records being encrypted, AND
  3. How does ivault make sure that no fake product enters a company’s supply chain?

In short, blockchain is an electronic database of transactions that is continuously updated and verified. It offers a verifiable, immutable, and public record of transactions such as:

  • stock borrowing and lending,
  • transfer of product ownership,
  • repair or warranty work on a machine using genuine parts, AND
  • electronic patient records.

This digital ledger of activity helps buyers and sellers to be sure that what they purchase is the real thing and not counterfeit.

So, what do you think? Have you ever used a blockchain? Do you want to try ivault, or do you still have some concerns? Have you ever had a problem ivault would have immediately solved? You lost something of great value or bought a fake product? It must have been very upsetting. Tell us about it, we’d like to hear your story. Join in the discussion and leave a commentary below. I will respond to you see soon.