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Martin Beyer CTO Vault Security Systems AG ivault management

Martin Beyer about the ivault app and Golisan

In short: Transparency for Supply Chain, product safety and cybersecurity with the ivault app: CTO Martin Beyer explains how our blockchain works on the use case Golisan.

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, talking about the ivault App.


The ivault App in our 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 with the ivault app

 

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 the 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 the 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 don’t want to miss it, subscribe to the iVault newsletter here.

 

Golisan iVAULT geschützte Supply Chain

Golisan is the 1st to protect products with ivault

In short: The company Golisan GmbH has chosen ivault to protect themselves against counterfeit and fraud. This news comes with an invitation to meet us in person at the InsurTech Summit in Istanbul as well as the Blockchain Summit in Vienna. Read this article in German here.

Golisan trusts ivault

Golisan iVAULT geschützte Supply Chain

In an earlier blog entry about our WEF Davos interview with Jessica Walker, we discussed case studies, which interest to all of us. 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 is a Swiss company that makes and distributes plant-based nutritional supplements. Golisan products – mostly plant extracts – only contain the highest-quality natural ingredients. As the 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 AG – was obvious. With their products registered in the ivault blockchain, the company can ensure that no counterfeit or fraudulent products are sold.

Golisan natural products - certified by Swiss Quality Testing and protected by iVAULT

Golisan natural products – certified by Swiss Quality Testing and protected by ivault.

Now, with the support of ivault, consumers will feel even safer in the future. Quality is close to Golisan’s heart. CMO Lothar Rentschler stated:

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 information security. This is an important step for both Golisan and our brand ivault.

Using distributed ledger technology, Golisan’s customers can be certain they receive original Golisan Cinnamon Extract, made with Ceylon cinnamon and nothing else.

Now, about meeting us in person!

 

Members of the Vault Security Systems AG 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 as@vaultsecurity.io.

Vault Security Systems at InsurTech Summit Istanbul 2019

Vault Security Systems AG at InsurTech Summit in Istanbul 2019.

Chief Marketing Officer Lothar Rentschler will be attending the ANON Blockchain Summit 2019 in Vienna. He will be happy to answer questions from interested investors and partners there. Appointments can be arranged in advance via lr@vaultsecurity.io.

Vault Security Systems at the ANON Blockchain Summit in Vienna 2019

Vault Security Systems AG at the ANON Blockchain Summit in Vienna 2019.

In short, ivault uses blockchain:

…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.

What other businesses should be using the ivault blockchain to protect their supply chain in your opinion? What other issues would you like to have discussed in our blog? What information do you still need? Please, tell us in a comment below. We will respond soon.