ChronoBase

Global decentralised luxury watch database with provenance, cost and ownership verification

The popularity of luxury goods led to the

the emergence and expansion of a black market in stolen

watches. Keep in mind that every element

of a watch movement is custom-made.

A serious problem faced by buyers is the availability of

counterfeit and counterfeit products. The quality of fakes

gradually improving, making them very similar to

originals. Watches made in Switzerland, which are in high demand, are counterfeited

More counterfeits are made than other brands.

ChronoBase will be a reliable and easily accessible decentralized database with information about thousands of luxury watches registered by manufacturers and owners. The entire watch lifecycle - from production to the end user - will be recorded on the blockchain, which will preserve value and a secure marketplace. The marketplace will be the core of an ecosystem where watch owners can preserve their collection and offer any items for sale. Digital certificates issued by ChronoBase will protect customers from counterfeiting and help track the provenance of watches.

ChronoBase: Blockchain - basic technology can offer new features and improve existing processes. Everything that cannot be achieved in a centralized database can now exist in a decentralized and secure form. The key to blockchain is trust.

ChronoBase provides the ability to verify a watch's maintenance history. Watch ownership information is secure (respecting privacy). Watch manufacturers - unmanaged stock movement and re-exporting from dealers is a common practice, resulting in watch sales below the MRP recommended by the manufacturer. ChronoBase can track dealer sales to third-party marketers, knowing the actual location of sales. The platform allows manufacturers to reach out to customers to promote marketing messages and maintain relationships.

Users can access the following features

add new hours;

mass upload (for manufacturers);

add service information;

transfer ownership;

verify ownership/authenticity;

offer watches for sale;

report loss or theft.

The report loss or theft feature involves automatic recording (without regard to administrative interference) on the one-click blockchain, increasing the chances of acting quickly and recovering your item.

The information is reflected in the Ethereum blockchain, ensuring its integrity and ability to pass any type of audit.

The database is publicly accessible and publicly available, with a higher level of data privacy that protects the identity of the owner. Commercial organizations or manufacturers can take advantage of marketing services.

For example, the action can be combined with a highly targeted messaging campaign among potential buyers before a new batch of luxury watches is uploaded.

Access to all additional features would be paid for with the platform's internal ICO tokens.