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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.

6 replies
  1. Johann
    Johann says:

    Ich habe kürzlich die Sendung EINSTEIN auf SRF 1 über Blockchain gesehen. Es ist für mich als Laie schlicht gigantisch, was auf diesem Gebiet zur Zeit abläuft. Wo ist iVAULT in diesem Kontext zu positionieren ?

    • Urs Gattiker
      Urs Gattiker says:

      Danke für diesen Kommentar
      Ja die Sendung Einstain hat dies behandelt https://www.srf.ch/sendungen/einstein/blockchain-verstehen-die-digitale-zukunft-wird-dezentral-2 (ab Min 6.00)

      Habe die Sendung geguckt, aber mir war nicht klar warum eine #Blockchain für die Messung der Temperatur genutzt werden muss. Hier verbraucht eine Public Blockchain zu viel Energie und die Menge der Daten und damit der Block mit den Transaktionen, wird sehr gross, d.h. die benötigten Datenressourcen werden schnell gigantisch.
      Die Frage “Wo ist #iVAULT in diesem Kontext zu positionieren ?” ist natürlich sehr interessant, kann aber nicht in einem kurzen Kommentar beantwortet werden.
      Trotzdem, hier ein Versuch ????
      Unser Fokus ist auf die multi-funkionale Blockchain, d.h. verschiedene Dinge können darüber abgewickelt werden und nicht nur eine Aktivität wie z.B. Bitcoin oder Tracking der Temperatur der Ware in der Lieferkette.

      Die globale Lieferkette von einem Unternehmen is hier von Interesse. Z.B. wenn Ersatzteile aus dem Land A ins Land B geschickt werden und der Monteur sicher sein will, dass er Originalteile einbaut…. Hier ist die Blockchain ein gutes Hilfsmittel. Diese hilft sicher zu stellen, dass das Ersatzteil ein Originalteil ist, und nicht eine Fälschung.

      Die Blockchain kann aber auch genutzt werden, um den Austausch von Gesundheitsdaten zwischen Klinik und Hersteller zu ermöglichen und dabei immer noch DSGVO compliant zu sein.

  2. Patrick Gobonya
    Patrick Gobonya says:

    Hi there Team iVault!
    I have some questions regarding the product.
    First of all do you use an Rfid solution to track and register the goods?
    Can these Rfid chips be manipulated manually or digital?
    How do you identify a fraud in the b2c part of your product? If users can register their products by themselves how can you ensure that these products aren’t fakes?

    • Patrizia Sinistra
      Patrizia Sinistra says:

      Dear Patrick

      Thanks for your question.
      We may use RFID to track a particular good but as you know there are many more covert and overt ways to track a product. This all depends a bit upon the customer and what he or she already uses or prefers to use.

      B2C Proof of Ownership
      Ideally, a consumer product such as a luxury watch is registered when it gets sold as a brand-new product to the consumer at store or via online shop.
      Is this not the case because the product has been passed on, than the consumer needs to provide some proof that he is the legal owner. One example could be the receipt of purchase and so forth.

      I hope this is useful

    • Arman Sarhaddar
      Arman Sarhaddar says:

      Hi Patrick

      To answer those questions:

      1. we are using RFID as one component, but here are more security components included before the products are implemented in the supply chain. RFID is not the only option and definitely not a solution.
      2. For the B2C market, if someone is registering his or her luxury good into their private wallet, he or she has to provide an original bill for the product as also an certificate of origin, if they cannot provide this they simple have to go to a watch maker and get this, after that they also have to sign digitally a disclaimer that once they sell their product that have to notify ivault with the new buyer, so a transfer of ownership in initiated in our database.

      Thanks for asking



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