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.
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Suddenly in front of the lense
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:
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.