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Arman Sarhaddar iVAULT at InsurTech Summit, Istanbul, Turkey

Inspiring talk about iVAULT at InsurTech

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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Read this article in German here.

The iVAULT Speech

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

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.

The InsurTech Hub Istanbul team then wrote:

Dear Arman,

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.

 

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.

Photos of the event can also be seen here.

iVAULT @ Global InsurTech Summit in Istanbul, Turkey

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!

What is your opinion?

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

  • Did you attend the InsurTech Summit in Istanbul as well? What was your impression?
  • 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?
  • What other issues would you like to see discussed in our blog? Do you still like information about compliance, data privacy, or trust? Let us know in a comment below.

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Golisan iVAULT geschützte Supply Chain

Golisan protects their products with iVAULT

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.

To stay updated about everything that happens, subscribe to our iVAULT Newsletter, and GET NEWS FIRST.

Subscribe to our YouTube channel for the latest videos as well to access our newest videos.

Read this article in German here.

Golisan trusts iVAULT

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

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.

Vault Security COO Prof. Urs E. Gattiker, Ph.D. 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 InfoSec (information security). This is an important step for both Golisan and 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 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 at InsurTech Summit in Istanbul 2019

Chief Marketing Officer (CMO) 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 at the ANON Blockchain Summit in Vienna 2019

What’s your opinion?

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.

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

  • What other businesses should be using the iVAULT blockchain to protect their supply chain in your opinion?
  • Take iVAULT for a test drive right now… how could you ever be without?
  • 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.

Please share this post on Linkedin, Xing, Instagram and others with this link: https://vaultsecurity.io/?p=871

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

iVAULT on bloxlive.tv – Interview at #WEF2019

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.

To stay updated about everything that happens, subscribe to our iVAULT Newsletter to GET NEWS FIRST.

Subscribe to our YouTube channel for the latest videos as well to get all of our new videos there.

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)

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.

Also interesting: Blockchain? Deployment and value captured

Using 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 enough said, see for yourself:

watch the WEF Davos interview on bloxlive.tv here

And after watching the video…

What’s your opinion?

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.

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.
CEO Arman Sarhaddar and COO Urs E. Gattiker with Jessica Walker talking about the iVAULT Blockchain on TV

#WEF Davos: Cybersecurity and Blockchain

This blog entry is part of a series:

  1. WEF Davos: Cybersecurity and Blockchain (you are here)
  2. WEF Davos 2019: Top 100 CEO bloggers
  3. WEF Davos 2019: Die besten Chef Blogs (in German / auf Deutsch)
  4. WEF Davos: MCLago und Marketing (in German / auf Deutsch)

What it costs to attend WEF Davos 2019

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.

  1. 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.
  2. Dark Blue – means you are a permanent WEF employee,
  3. Light Blue – means you are a temporary WEF employee,
  4. Orange – means you are a media person,
  5. Violet –  technical expert,
  6. Red – you are a driver,
  7. Green – you are part of a government delegation,
  8. 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.

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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!

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 🙂

VSSAG's Danyele Boland with JPMorgan Chase CEO Jamie Dimon, and patent attorney John Moetteli

VSSAG’s Danyele Boland with JPMorgan Chase CEO Jamie Dimon, and patent attorney John Moetteli

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

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.

For instance, the Global Blockchain Business Council (GBBC) hosts a five-day side event. Such events include on-stage interviews, panels, coffee breaks for networking, and so forth. We did not attend GBBC events during our one-day visit to WEF Davos 2019. So many events, so little time…

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.

VSSAG's Danilo Panarese, Arman Sarhaddar, Danyele Boland and Vladislav Riggenbach (l-r) with LedgerState's Damir Yandrich (centre)

VSSAG’s Danilo Panarese, Arman Sarhaddar, Danyele Boland and Vladislav Riggenbach (l-r) with LedgerState’s Damir Yandrich (centre)

It turns out that Damir was the initiator and one of the sponsors of this event, and we had some GREAT conversations. He introduced us to plenty of other interesting folks and he was a great host, of course. Thank you Damir!

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.
  • Plus, a few other things…

The interview will be “aired” or streamed via the Internet three times. As soon as we know more, we will provide a link in the comments of this blog entry. Promise.

After one of the panels finished, I had about three minutes to talk to Linda Pawczuk, principal at Deloitte Consulting LLP (time is usually short and you have to try hard to make a good impression 🙂 ).

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?

One person who stuck in my mind was Tom Trowbridge from the Hedera Hashgraph platform. We talked to him in the hallway about the advantages and disadvantages of distributed computing. Most interesting, was hearing from Tom how his platform’s development work had focused on eliminating some weaknesses we experience with public blockchains (e.g., mining, energy consumption, etc.).

I also talked to Houmin Yan, the dean of the college of business at City University of Hong Kong, one of those academics that got a free pass to attend WEF. Talking to him informally was very interesting… but that is for another time. Needless to say, his supply chain insights were revealing to me…

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.

From left to right, VSSAG's Vladislav Riggenbach, John Moetteli, Urs E. Gattiker, Lea-Theresa Riether, Patrizia Sinistra, Danyele Boland, and Arman Sarhaddar, with Danilo Panarese behind the camera.

From left to right, VSSAG’s Vladislav Riggenbach, John Moetteli, Urs E. Gattiker, Lea-Theresa Riether, Patrizia Sinistra, Danyele Boland, and Arman Sarhaddar, with Danilo Panarese behind the camera.

Unfortunately, Danilo is missing on our best group shot, so here is another with him (left) and Bibop G. Gresta, Co-Founder and current Chairman of Hyperloop Transportation Technologies (HTT), after we met him a second time and had another cheerful chat.

Danilo Panarese of Vault Security Systems AG (left) with COO Bibop Greta of #HyperloopTT

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.

Danyele Boland co-founder of Vault Security Systems

Another iVAULT video clip – with Danyele Boland

In the last blog entry, we gave you insights into the production of our first three videos for the new brand iVAULT.

Now, we are happy to provide you with an update, produced by DrKPI, which is an additional clip to introduce you to Danyele Boland. She is the co-founder of Vault Security Systems AG (VSSAG) and as passionate about her business as the rest of the team.

If you need to know more about iVault or the minds behind this idea, read more here:

And don’t forget to subscribe to our iVAULT Newsletter to get news FIRST.

For the latest videos, subscribe to our YouTube channel.

Danyele Boland, co-founder of Vault Security Systems

Danyele Boland, co-founder of Vault Security Systems AG

iVAULT is a global network for users to register assets, such as lost or stolen property, to search for and identify them on a blockchain. These items can be anything of value to the individual user of the iVAULT blockchain. Companies and businesses, on the other hand, can protect their supply chain against counterfeits and contraband.

Working with Danyele was a special treat. She is a charismatic and intelligent speaker, and it did not take us long to get some great shots, even though she had just arrived from the US.

With years of experience in international sales, human resource management, logistics, and much more, she is an irreplaceable part of the VSSAG team.

In her video, Danyele recalls when Arman Sarhaddar told her about his storage unit getting robbed. He lost some of his most valued belongings. This is how they got the idea to create a platform to secure physical assets such as luxury watches, pieces of art or jewellery, or anything else that is of some value to its owner.

Gain more insights on her perspective and what she tells us about blockchain technology here:

What’s your opinion?

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 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 comment. We will respond soon.

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 gavve 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 iVAULT Newsletter to get news FIRST.

Subscribe to our YouTube channel for the latest videos.

Read this blog entry in German here / 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 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.

Below he talks about the basic questions that come to mind when it comes to the new technology and brand:

What is iVAULT and how does a blockchain work?

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 protect my money by first checking with iVAULT before buying the used camera.

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:

What’s your opinion?

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, 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 comment. We will respond soon.