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.
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:
The distribution of data among nodes (computers). These nodes are connected to a global network and stand in as the “blocks” of the blockchain.
The blockchain is therefore safe. One of the safest technologies in the world maybe. All entries are individually encrypted and secured.
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.
The anonymity, furthermore, guarantees that the blockchain is protected against external attacks.
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.
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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https://vaultsecurity.io/wp-content/uploads/2020/01/Bildschirmfoto-2019-12-11-um-16.55.53-e1577985818455.png421750Patrizia Sinistrahttps://vaultsecurity.io/wp-content/uploads/2019/11/logo-1030x183.pngPatrizia Sinistra2020-01-07 15:22:102020-01-08 10:00:386 good reasons to use blockchain technology
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.
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 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.”
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.”
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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https://vaultsecurity.io/wp-content/uploads/2019/11/martin-e1575033375148.png508790Patrizia Sinistrahttps://vaultsecurity.io/wp-content/uploads/2019/11/logo-1030x183.pngPatrizia Sinistra2019-12-03 00:15:492020-01-21 09:29:05Martin Beyer about the iVault application and Golisan
In short: On Thursday, November 7, 2019, the management team of Vault Security Systems AG invited investors, friends and partners to an information event at the Park Hyatt Hotel in Zurich to demonstrate the current status of the ivault product development.
This blog post is part of a 3-part series that will provide an overview of the 3 informative presentations by CEO and founder Arman Sarhaddar, CMO Lothar Rentschler, CTO Martin Beyer and the concluding discussion round. This part deals with the company’s focus on B2C and B2B.
ivault – Protect what’s your’s.
B2C: lost and found patent
At the beginning of this exciting event, Chief Executive Officer Arman Sarhaddar told his own personal story: He himself was robbed a few years ago and not only suffered enormous financial damage. It was mainly personal possessions of great sentimental value – a complete music studio, expensive art objects and Persian carpets that he lost forever. In an earlier video, the CEO already told about this loss, which inspired him to start Vault Security Systems AG – together with a team that believes in the idea of protecting assets with the Blockchain and passionately (and from the beginning free of charge) supports the revolutionary product ivault.
So, in 2018, in addition to the idea of developing the ivault product for the B2C sector, a patent application was filed in the USA. The lost and found patent refers to the use of blockchain technology by each individual private user who wants to protect his material possessions and find them again if they are lost or stolen. Anonymity is an important aspect here: if a user places jewellery, his mobile phone or his sports car in the decentralised database, which is accessible to everyone, via ivault App or alternatively via the website, he remains anonymous. Neither the neighbour nor ivault can see which valuables the user has registered. Only in the event of a reported loss or theft is this information transferred to the centralized server and can it be viewed publicly in order to retrieve the item in question.
Arman Sarhaddar on the ivault blockchain in the B2C area, Park Hyatt Zurich.
After one year, the lost and found patent also became an international patent. Distributed ledger technology provides the population with a higher level of security for their property than ever before. If you look at some figures, you can see immediately and easily that there is no doubt about the need for this product:
Every week, 15,000 laptops are lost at airports – an absolute nightmare for business people, not because of the financial damage, but because of the loss of important data and work that has not yet been backed up. The family father and hobby photographer in this situation is likely to be upset by the loss of his children’s pictures.
Approximately 5 bicycles are stolen per minute worldwide – that is 2.9 million bicycles per year. In the case of motor vehicles, the figure is as high as 5.5 million, i.e. 13 per minute. If these bicycles are resold by the perpetrators, they can be easily identified and found by the previous registration on ivault. This will drastically reduce the currently extremely high numbers, because ivault makes the criminal business of the perpetrators riskier and much less lucrative.
In Germany alone, 100 million lost (or stolen) items are reported every year – in the USA the figure is as high as 400 million. You may have a good insurance policy that reimburses you for the current value of your racing bike or motor vehicle if the situation is clear. With stored data such as family photos or important, perhaps confidential business data, the situation is quite different. How much do you think ivault can reduce these dizzying numbers in the next 10-15 years? Leave us a comment below.
B2B: ivault for companies as the foundation for the B2C platform
In the past, we have reported many times on the supply chain solution that ivault offers in the B2B sector to protect companies’ value chains and make their products counterfeit-proof.
The B2B area is the foundation for the B2C platform. The business model is therefore two-pronged and includes both the B2C and the B2B platform and offers different functionalities for companies and end users. The problems ivault addresses – the rapidly growing counterfeiting market, loss and theft, financial loss and fatalities, and ruined reputation – affect both individual consumers and large businesses. With the current state of development, ivault has already created 70% of the basis for all further areas of application and use cases.
The ivault business model: overview of the functionality of the B2C und B2B platform.
ivault has developed a product with a user-friendly interface that allows users to register valuables easily and uncomplicatedly using the app or a website. The Asset Management Dashboard is based on distributed ledger technology. The standard ivault solution is practical and easy to use for both individual private users and small businesses. The system can be adapted to individual customer requirements. Here ivault offers numerous flexible solutions.
This concept focuses on customer happiness and customer centricity. After all, it is important to first listen to your users and customers and then offer the relevant solutions. This is what Chief Marketing Officer Lothar Rentschler refers to in his presentation on marketing. Watch a video recording of his presentation here: Change the settings in the bottom right corner of the YouTube video to turn on English subtitles, if you don’t speak German.
If you have not yet subscribed to our ivault YouTube channel, you should do so later: Click here to go to ivault on YouTube. We will soon be uploading more video content from the event at Park Hyatt – including some exciting answers from Arman Sarhaddar to critical questions from investors and business partners present and a presentation by Chief Technology Officer Martin Beyer. The next blog post will focus on the implementation of the revolutionary idea, which the CTO will demonstrate in detail on the pilot case for the Swiss food supplement manufacturer Golisan. In an earlier blog post we have already given some insights into this first supply chain solution from ivault, which you can read here again.
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Arman Sarhaddar, the CEO and founder of Vault Security Systems AG was invited to write guest articles for Industry of Things, a German online platform for expert insights on topics we are all interested in like Internet of Things (IoT), Artificial Intelligence (AI) and Blockchain technologies.
This blog entry is giving you a translation of what Arman is talking about in his first guest article which is available in German here.
In short, Arman explains, that Amazon’s transparency program is still not the ultimate answer to the problem of counterfeit products. But the fact that one of the world’s largest online retailers is announcing that it will provide more transparency when it comes to product authenticity shows the urgent need for action.
The struggle with counterfeit products
A few weeks ago, the e-commerce giant Amazon announced that it was rolling out its transparency program in Europe. Manufacturers can then provide their authentic products with a QR code that provides retailers and customers with unambiguous proof of authenticity. In this way Amazon wants to counteract the flood of fake products and create more trust among its customers. The approach is basically welcome – but Amazon Transparency has limitations especially when it comes to some special groups of products.
With the Transparency program, Amazon is primarily concerned with improving its own image. The reputation of the US company has suffered from fraud, falsified valuations and product imitations, particularly among retailers. But Transparency is not equally suitable for all products. It is a form of labelling that works for goods that are actually primarily about authenticity, such as clothing and bags. However, this is not enough for products with an elaborate supply chain where claims for damages play a role. Examples include medical products. Customers in this sector have to be sure that they have not purchased a counterfeit, that could in the worst case be harmful to health. This is why tracking ingredients is critical in the medical sector in particular.
3 reasons why blockchain can help
First, once fed in data is unchangeable, subsequent manipulation is excluded. Another blockchain characteristic is that all available information is stored and verified decentrally on all computers connected to the network.
Secondly, the blockchain is virtually unhackable, since changes always have to be made in the majority of nodes.
Thirdly, transaction costs can be significantly reduced by skipping middlemen. In particular, the use of Smart Contracts simplifies data management and automation.
An example of how tracking can be implemented on the blockchain is the iVAULT pilot case with the Swiss company Golisan GmbH. Golisan produces herbal extracts which are sold online – mostly via Amazon. In view of counterfeit products and in terms of quality assurance, it is important to the manufacturer on the one hand to guarantee the authenticity to the customer and on the other hand to be able to trace the origin of the ingredients completely. Counterfeit food supplements are a lucrative business because they are less strictly monitored than prescription drugs. Fake products are sold via Amazon in particular, so the online giant recently sent a warning to affected customers.
Apart from the potentially serious consequences of taking counterfeit dietary supplements, the counterfeits have a negative impact on the business balance and reputation of the actual manufacturers. Beyond the authenticity guarantee, the manufacturer’s goal is to monitor the entire supply chain to provide maximum security for its customers. For this reason, all suppliers have access to the blockchain and can store information on the ingredients: from the harvest of the plant raw materials to their further processing and the container in which the product is sold. For this application, it is advisable to use software that has been developed for this kind of collaboration so that data can be exchanged with other areas of technology. This also facilitates the integration of the blockchain into the existing supply chain management.
Blockchain solutions can be implemented in a resource-saving way
One of the biggest points of criticisms frequently voiced about blockchain technology is its comparatively high energy consumption. However, a distinction must be made between mining activities, which are necessary for crypto currencies and are actually very energy-intensive, and applications for companies, such as securing the supply chain. The latter takes place in a private blockchain and without the computationally expensive proof of work. So the energy requirement is no higher than that for common web apps. Additionally, since fewer nodes are involved, the transaction speed can be increased.
Examples such as Amazon’s Transparency show that companies are concerned with the security of their goods against counterfeiting, but they are not yet exploiting the full potential that would be possible with blockchains. The technology has long since arrived in practice and simplifies processes beyond crypto currencies that were previously cumbersome or even impossible to carry out. When selecting a technology partner, companies should consider whether the solution can be well integrated into the existing IT. This will lay the foundation for more transparent supply chain security and valid proof of authenticity.
What do you think?
Industry of Things brings together experts from IT and industry to facilitate interdisciplinary exchange across boundaries. Not only more than 40 editors report on current developments in the Internet of Things and industry, but also experts whose proximity to practice offers a new perspective on applications, technologies or IT security as well as political and current topics. Arman Sarhaddar is from now on sharing his expert knowledge on blockchain and InfoSec on this high-ranking platform as well. We will keep you updated on a regular basis.
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.
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
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.
https://vaultsecurity.io/wp-content/uploads/2019/05/Titelbild-BLog.jpeg7071261Patrizia Sinistrahttps://vaultsecurity.io/wp-content/uploads/2019/11/logo-1030x183.pngPatrizia Sinistra2019-06-02 00:01:222019-09-05 16:25:30iVAULT at Malta AI & Blockchain Summit 2019
In short, VAULT, our revolutionary product is once again in the spotlight:
CEO Arman and COO Urs are interviewed by well-known CNN journalist Amanda Kayne.
Watch the full-length interview below.
You will certainly gain some new insights about the iVAULT Blockchain.
Already seen our informative interview on YouTube? No?
Then you should subscribe to our YouTube Channel right away.
Companies benefit from iVAULT
In our last blog post we told you about Arman’s successful appearance at the 2019 InsurTech Summit in Istanbul. A video was posted on LinkedIn, which you can watch here.
But today we have even bigger news for you!
CNN’s iVAULT interview will be broadcast on television by CNNMoney Switzerland from May 27 to 31, 2019, and naturally, our product is the centre of attention as CNN anchor Amanda Kayne speaks with our CEO, Arman, as well as our COO, Urs.
For over 20 years, CNN’s Amanda Kayne has been known for her insightful reporting and engaging interview style. With a history of hosting guests ranging from Bank Julius Baer to SIX to Google, among others, it’s hardly surprising that she asks the right questions.
Chief Executive Officer and Founder Arman Sarhaddar starts by describing the product. For those who don’t yet know, iVAULT is a global network that registers and identifies its users’ assets, for example, lost or stolen items.
This not only has advantages for the individual user, but companies such as Golisan also benefit from the innovative use of distributed ledger technology. These companies can use iVAULT to prevent counterfeit products from entering their supply chain, thereby damaging their reputation and destroying their customers’ trust.
We already know how Arman developed the idea from one of the first videos about iVAULT. Arman told the story of a personal theft that prompted the idea for the new platform. Having this techonology back then would have made it possible to track his stolen belongings.
Arman Sarhaddar proudly introduced the iVAULT product in an interview with CNN today.
Urs E. Gattiker, Chief Operating Officer, explains in more detail how blockchain technology works in the video below, and how easy it is to track if, for example, original parts were used to repair elevators or airplanes. Whether luxury goods like cars and watches or plant-based dietary supplements like Golisan‘s products (which have already been registered in the blockchain), you probably won’t find another technology that makes it so easy to ensure the safety of products in every imaginable area.
As Urs clearly explains, information security (InfoSec) also plays a vital role for Vault Security Systems AG. And hardly anyone knows more about data privacy and cybersecurity than Urs. Our team attaches great importance to ensuring the GDPR compliance of our customers organisations, according to EU standards.
So, what’s the goal now?
In the interview (see video above), Urs addresses a massive global problem:
…the latest data from the OECD already show that [in] 2016… 6.8% – and by the year 2020 it will be 10% – of all imported products into the EU, […] are counterfeit. And that’s what we want to reduce.
There could be far more counterfeit products than the study by the Organisation for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) found, since there is probably a high number of unreported cases. The extent and effects of counterfeit or fake products can be devastating.
With iVAULT, this number can be drastically reduced, as it is easy to trace whether a product is original or not. The decentralised database ensures that information regarding a product can no longer be changed after being entered as part of registration or noting repairs. Such a change would require verifying thousands of public and private users’ computers before the blockchain would accept and integrate it.
For Vault Security Systems AG, the focus is always on customer service. Nothing is more important than meeting the demands of our users and keeping our promises.
As Amanda Kayne puts it, “Sounds like the ideal solution for companies with great responsibility…”
That is why we make sure our platform shares this responsibility, making the task of staying accountable considerably easier for our customers.
What is your opinion?
Have you already signed up for your copy of iVAULT newsletter? If not, you can quickly subscribe here.
Join in the discussion and leave a comment. We will respond soon.
In your opnion, what other businesses should be using the iVAULT blockchain to protect their supply chain, so you can trust their products?
Take iVAULT for a test drive right now… how could you ever be without it?
What other issues would you like to see discussed in our blog? Do you still like information about FinTech, MedTech or luxury goods? Let us know in a comment below.
https://vaultsecurity.io/wp-content/uploads/2019/05/CNN-INTERVIEW-iVAULT-TV-Titelbild-groß.png9701700Patrizia Sinistrahttps://vaultsecurity.io/wp-content/uploads/2019/11/logo-1030x183.pngPatrizia Sinistra2019-05-27 00:01:102019-09-05 16:26:04CNN Interview: What is unique about iVAULT?
In short: At the Global InsurTech Summit in Istanbul, CEO and founder of Vault Security Systems AG (VSSAG) Arman Sarhaddar, gave an inspiring speech about the iVAULT blockchain and the future of the innovative use of distributed ledger technology. The event was a great success for all of us and the compliments stacked up quickly…
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In the last blog entry you were given a concrete example of what the cooperation between Golisan GmbH and VSSAG looks like. Companies can now protect their supply chain from counterfeit products in a very simple way and thereby guarantee customer confidence in the authenticity of their optimally protected products.
We also mentioned after visiting the World Economic Forum in Davos at the beginning of 2019 that parts of the management team were going to Istanbul to attend another big event: the Global InsurTech Summit in Istanbul.
Vault Security Systems at the 2019 InsurTech Summit in Istanbul
As one of the speakers, Arman was once again able to eloquently and charismatically explain the iVAULT blockchain’s enormous market potential to his listeners. It brought people closer to the many advantages and opportunities that users of VSSAG’s global platform for the protection of material goods will benefit from when they register their products or possessions. This applies to large corporations and businesses as well as to private users who want to protect their luxury goods like watches, cars, or original works of art.
We would like to extend our sincerest gratitude towards you for your motivational speech during the conference held in Istanbul. Your views on developing an effective insurtech strategy and its execution have broadened our horizons.
Please accept our appreciation for such a commendable job. Every participant will take your words into practice. You have covered essential elements of insurtech strategy and your description of how to execute it is remarkable.
We once again would like to thank you for such a wonderful speech and hope to get a chance to hear such speeches from you in future also.
Luckily, this interview from the InsurTech Summit was posted to LinkedIn a few days ago. So we are able to gain some insights without having been there.
Arman’s keynote presentation on topics such as iVAULT FinTech or MedTech, InfoSec (information security), and cybersecurity was not the only focus of the team’s visit to Turkey. In addition, we also wanted to forge new contacts with interesting people who also represented their companies there.
iVAULT @ Global InsurTech Summit in Istanbul, Turkey
But after this successful appearance the founder and his company hit the ground running and will soon move on to the Kapsch Security Day 2019 on 25 April 2019 in the Aula of Sciences in Vienna. This event deals with current security threats, as well as technological innovations and trends in the field of physical, organisational, and IT security. As you can see, it is an event iVAULT must attend.
So, in case you did not make it to Istanbul, here you have another opportunity to meet Arman Sarhaddar in person. But, if you don’t make it this time, your next opportunity will certainly come sooner, not later – guaranteed!
https://vaultsecurity.io/wp-content/uploads/2019/04/image001.jpg710710Patrizia Sinistrahttps://vaultsecurity.io/wp-content/uploads/2019/11/logo-1030x183.pngPatrizia Sinistra2019-04-23 00:16:422019-09-05 16:26:43Inspiring talk about iVAULT at InsurTech
In short: The company Golisan GmbH has chosen our iVAULT product to protect their supply chain against counterfeiting and fraud.
This news comes with an open invitation to meet us at the InsurTech Summit in Istanbul and the Blockchain Summit in Vienna.
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Subscribe to our YouTube channel for the latest videos as well to access our newest videos.
In this new article we offer more insights with another case study. In an effort to meet the highest safety standards, Golisan GmbH has chosen to begin protecting its supply chain by registering its products on the iVAULT blockchain.
Golisan natural products – certified by Swiss Quality Testing and protected by iVAULT
Golisan is a Swiss company that makes and distributes plant-based nutritional supplements. Its products – mostly plant extracts – only contain the highest-quality natural ingredients. As Golisan’s website states:
Our brand name Golisan stands for a return to nature and the recollection of the healing powers that so many plants possess. […] The quality of our products is our main concern, which is why we rely on ingredients from organic agriculture, bottle our extracts in Switzerland and are certified by Swiss Quality Testing.
As you can see, the production of Golisan products is already subject to strict controls. So the next step – to contact Vault Security Systems – was obvious. With their products registered in the iVAULT blockchain, the company can ensure that no counterfeit or fraudulent products are sold.
Now, with the support of iVAULT, consumers will feel even safer in the future. Quality is close to Golisan’s heart.
We are very pleased to be working with Golisan on a custom-made supply chain solution. With iVAULT’s multi-functional blockchain, we help Golisan improve product safety as well as InfoSec (information security). This is an important step for both Golisan and iVAULT.
Members of the Vault Security Systems management team will participate at both the InsurTech Summit in Istanbul and the Blockchain Summit in Vienna at the beginning of April.
We are glad to be there and look forward to meeting very interesting people, as well as connecting with new potential business partners.
CEO Arman Sarhaddar is giving a keynote and will be available to chat with you at the event. He will talk about much more than just Golisan’s natural products – there is still more to discuss when it comes to the iVAULT blockchain (e.g. the protection of luxury goods, medical or financial technology supply chains). Arrange your private appointment by reaching out directly to email@example.com.
Vault Security Systems at InsurTech Summit in Istanbul 2019
https://vaultsecurity.io/wp-content/uploads/2019/03/ivault-golisan.jpg450790Patrizia Sinistrahttps://vaultsecurity.io/wp-content/uploads/2019/11/logo-1030x183.pngPatrizia Sinistra2019-04-01 00:01:312020-01-01 23:59:12Golisan protects their products with iVAULT
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Suddenly in front of the lense
Getting ready for the boxlive.tv interview. From left to right: Arman Sarhaddar, Urs E. Gattiker, Jessica Walker (#WEFDavos)
Urs E. Gattiker was networking in a room full of blockchain experts for a few minutes after one of the great presentations about cybersecurity and distributed ledger at WEF Davos 2019. Shortly after getting himself introduced to some people, Jessica Walker, together with her technician, was there and had convinced both Urs and Arman to do an interview with her.
Of course, there was no time for preparation, but in this case, it wasn’t necessary. Urs and Arman are both convinced that iVAULT, and its unique application of the blockchain technology will be of great use to everyone in the world.
As you might expect, when Jessica started the interview by getting right to the heart of the matter, both of them had a lot to say. Case studies – and that’s what she dove right into – are probably of great interest to everyone when it comes to a concept like blockchain.
Speaking of case studies
…There are so many! Just consider the following:
How many companies suffer from counterfeit or fake products within their supply chain?
How many businesses have worked really hard in the past, earned a good reputation, and now have so many problems, because their high quality products are cheaply reproduced by other companies all around the world.
No single industry is completely free of these issues.
All companies have to tackle the problem of their products being forged by criminal enterprises. In some cases, honest companies do not even know that imitations of their products are being sold.
If products were registered on the iVAULT blockchain, which provides the possibility of proving whether something is original, this would be revealed much sooner. In this way, companies could tackle the problem much earlier, before reputation and financial damage become irreversibly large.
In the interview, Urs and Arman provide you a closer look at the connotations of the word “blockchain” itself.
The iVAULT blockchain has no relation to things like Bitcoin or other cryptocurrencies. The iVAULT blockchain is about cybersecurity, which is why they like to talk about ‘distributed ledger systems’, helping people understand what this technology can do. The negative connotations that resulted from the earlier use of blockchain technology have nothing to do with the unique way iVAULT helps to solve some of the biggest problems in the world.
…an electronic database of transactions that is continuously updated and verified.
Blockchain 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.
Join in the discussion and leave a comment. We will respond soon.
What is your experience using 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? Maybe 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.
https://vaultsecurity.io/wp-content/uploads/2019/02/vault-blog-bloxlive.jpg450790Patrizia Sinistrahttps://vaultsecurity.io/wp-content/uploads/2019/11/logo-1030x183.pngPatrizia Sinistra2019-02-28 06:01:472019-09-05 16:27:48iVAULT on bloxlive.tv – Interview at #WEF2019
Why should a company like Vault Security Systems AG attend WEF? If you read the general information, you will probably conclude, like we did, that there is no way we can spend that amount of cash on what amounts to a conference:
Membership and partnership fees range from CHF60,000 to CHF600,000 depending on the level of engagement. Most types of membership include the opportunity to participate in the Annual Meeting for the CEO of the company, although Davos participation incurs a fee over and above membership or partnership fees. (see Forum site)
The Swiss government also points out in some detail how much the WEF Davos costs public coffers. Incidentally, getting a ticket may cost more than CHF27,000 after you have paid your partnership fees. But there is even a badge hierarchy in Davos.
White Badge – gets you everywhere and costs a minimum of CHF27,000, plus the membership and partnership fees your company pays… if you are a young global leader or academic you have a chance to get in for free, but do not hold your breath.
Of course, Queen Máxima of the Netherlands, Belgium Prime Minister Charles Michel, Norwegian Prime Minister Erna Solberg and Prince William of the United Kingdom get in for free.
But we’re not bitter about that or anything. Honest.
Dark Blue – means you are a permanent WEF employee,
Light Blue – means you are a temporary WEF employee,
Orange – means you are a media person,
Violet – technical expert,
Red – you are a driver,
Green – you are part of a government delegation,
Brown – the hotel badge (you are a guest at a hotel, and have paid CHF100 to WEF for a security check, in addition to paying the hotel for your room, of course).
This year part of our team scored an invite and had a chance to visit the World Economic Forum. Of course, there was no way it was a White Badge. After all, that would have cost us more than a start-up like could ever afford, and there’s no way we could expect our investors to cough up that kind of cash.
Still, we got to a few events, and it was certainly worth the trouble and time it took.
iVAULT @WEFDavos 2019: The Vault Security Systems AG team enjoying the ride to one of the most beautiful places in Switzerland. Fantastic View!
By the way, as in past years, climate change was an issue at this year’s WEF – naturally. Although we did not attend any of those sessions, we did our part by having the team use public transit, including taking the train to and from Davos. In Davos itself, we took the WEF shuttle or walked from one venue to the next.
Was it worth it?
We were so excited to be there and have a chat with so many inspiring minds, but only time will tell whether the return on investment is enough.
For instance, we were only able to attend one day, but simply didn’t have more time to hang around. Plus, it’s a bit early to come to any definitive conclusions. Nevertheless, it was pretty cool.
For starters, this must be the only place where I can meet Japan’s Prime Minister, and exchange three words with Shinzo Abe on the way to the restroom, right after he visited with Jair Bolsenaro, Brazil’s president (he also met the Swiss president).
In fact, the Swiss government calculated that its president and ministers saved at least 60 days in travel and thousands of air miles thanks to attending Davos. What the Swiss government does not tell you is that at Davos you can informally meet some people, that you might have a hard time meeting through official channels.
We know the drill, the agenda is full, the timing is off, etc. In Davos, you ight just bump into someone.
Our bar-side chat with JP Morgan CEO Jamie Dimon was interesting. His advice to us was to take it easy and spend most of our time hanging out with people outside the convention center. Even for him, non-official events are a chance to meet people he might otherwise not come across so easily – like us, for instance 🙂
JPMorgan Chase CEO Jamie Dimon, and patent attorney John Moetteli from Da Vinci Partners LLC
I had another great encounter with Alison Tarditi, Chief Investment Officer of Australia’s Commonwealth Superannuation Corporation. She needed a chair to sit down in order to change from her winter boots to high heels, and I offered mine at the restaurant. That started a good six-minute (at least) conversation, during which she shared something interesting:
Living Down Under makes the WEF a great place to meet fellow investment officers and pension experts from around the globe.
World Intellectual Property Organization (WIPO) Director General Francis Gurry made a smilar comment. He feels the event gives him a chance to meet national patent experts, and legal minds, but also the opportunity to hear from business people and regulators about their concerns regarding property rights, and of course, patents.
VSSAG’s CEO Arman, COO Urs, and WIPO director general Francis Gurry exchanged business cards after having a chat
What about blockchain?
Of course, hanging out with the famous crowd (see above) is one thing, but the reason we went is to learn more about blockchain developments. We wanted to meet our friends, foes, and some competitors as well as possible investors.
Most cybersecurity related get togethers at Davos happened at unofficial events, which have sprouted up everywhere. There is even an app, called Davos X, to help you navigate the unofficial schedule.
Naturally, since one main focus of this year’s event was cybersecurity, there were plenty of unofficial events to attend. We even ended up at an event where we met Damir Yandrich, chairman of LedgerState. Funny story: our CEO Arman Sarhaddar was starving when he go to this event, and had a cup of soup (he said it was great). At which point Damir approached us, and informed Arman he was getting a bit of a head start on eating.
Shortly after getting myself introduced to some folks I came to be spekaing with Jessica Walker from bloxlive.tv. She was trying to set up another interview and also talking to Cecily Mak, a venture partner at ConsenSys blockchain studio. Jessica has plenty of social skills and appears to be a great networker. In no time at all, she had convinced myself and our CEO to agree to being interviewed by her. Proof of this is the cover picture.
It was kind of a Q&A session, including such topics as:
Q: What is iVAULT’s business focus? A: Helping companies manage their supply chain better.
Q: Which part of my business will benefit first from blockchain technology? A: By fighting counterfeit products, your supply chain benefits first.
Q: Where does iVAULT make a difference? A: Accelerating transactions and the supply chain by combining database management, encryption and distributed computing.
Linda is the leader of the Deloitte US Financial Services Industry Blockchain group. Among other things, she is responsible for Deloitte’s worldwide annual survey about blockchain firms and developments. She gave a really great statement about the state of the industry in her two-minute introduction during the panel she participated on.
Another nice and very human encounter I had was with Charlie Smith (Business Development, reserve.org). He was worried about having to be on stage and his hair not looking perfect, but he did a nice job of entertaining the audience – as much as one can when talking about a technical subject that includes cybersecurity, and cryptocurrency in particular.
It was a pleasure to meet EST CAPITAL AG’s Sindhu Bhaskar, as well. He invited us to the launch event of his new bank on Friday afternoon. Since we could not attend, we will have to meet with Sindhu the week after Davos to explore our ideas further. But our paths might not have crossed so quickly without the WEF.
Attending #WEF19 Davos: Was it worth it?
I can gladly give a preliminary YES. During the day it was a bit overwhelming and after 18:00 hours I started to feel sensory overload. I was getting afraid I could no longer remember all the people I had met once back at the office… you know, looking at a business card and drawing a blank?
If I am given the chance, I will most definitely go again, maybe Tuesday and Thursday next year… If you cannot stay there (most hotels are fully booked and even if you find one, they are very expensive), I would again use public transit to get to and from Davos.
Danilo Panarese of Vault Security Systems AG (left) with COO Bibop Greta of #HyperloopTT
What’s your opinion about the World Economic Forum?
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.
So, what do you think?
Have you ever attended a WEF event?
How do you use such events to network and benefit your business?
What tips could you give a start-up to get the most out of such an event?
Tell us all about it, we’d love to hear your story!
Join in the discussion and leave a comment. We will respond soon.
https://vaultsecurity.io/wp-content/uploads/2019/01/iVAULT3.jpg450790Patrizia Sinistrahttps://vaultsecurity.io/wp-content/uploads/2019/11/logo-1030x183.pngPatrizia Sinistra2019-01-28 00:01:462019-11-20 15:40:42#WEF Davos: Cybersecurity and Blockchain