Tag Archive for: ivault app

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

Arman Sarhaddar about ivault™
6 Good Reasons to Use Blockchain Technology

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In short: Arman Sarhaddar answered a key 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.

Blockchain is more than Bitcoin. The distributed-ledger-technology (DLT) raises hopes beyond industry boundaries. The retail, logistics and financial sectors have already gained experience. Innovators try to disrupt traditional business models of the past and gain a competitive advantage in the market of the future.

But our application will go further and make use of the technology’s full potential…

Blockchain Technology 2019: Arman Sarhaddar, CEO and founder of Vault Security Systems AG. Park Hyatt, Zurich.

Blockchain Technology 2019: Arman Sarhaddar, CEO and founder of Vault Security Systems AG. Park Hyatt, Zurich.

Why do we use blockchain technology?

 

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. In the US it’s no different story, as you can see in this Map of US ransomware attacks by comparitech (updated daily). Information security simply isn’t provided by common 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.

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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.

This provides the highest level of cybersecurity possible. It is guaranteed by these 6 main features of the blockchain, our future technology. The exclusive event at Park Hyatt was limited to a handful of extraordinary people, we are looking forward to work with. If you want to find out more about the insights given by our management team you can read more in our blog. There, you will also find

Would you like to know more about how ivault.app works or are you missing something in the blog? 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 our newsletter here.

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Martin Beyer CTO Vault Security Systems AG ivault management

Martin Beyer about ivault™ and Golisan
Our First Successful Blockchain Supply Chain Use Case

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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:

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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.