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Interview on Blockchain and Tokenization at WEF 2019

In short: Vault Security Systems AG’s CEO and Co-Founder Arman Sarhaddar, and COO Urs. E. Gattiker were interviewed by Jessica Walker from bloxlive.tv during our visit to the World Economic Forum in Davos. Jessica Walker puts the pedal to the metal and starts by asking the really important questions that interest everyone the most. This blog entry is a short update, with the video of the interview, of course.

Watch the WEF Davos interview on bloxlive.tv here.

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.

Getting ready for the boxlive.tv interview. From left to right: Arman Sarhaddar, Urs E. Gattiker, Jessica Walker (#WEFDavos)

Getting ready for the boxlive.tv interview. From left to right: Arman Sarhaddar, Urs E. Gattiker, Jessica Walker @ WEFDavos.

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.

ivault uses blockchain in an entirely new way

 

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.

But what is your opinion on 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. Join in the discussion and leave a comment. We are looking forward to responding to you soon.