{"id":8953,"date":"2020-12-23T14:26:18","date_gmt":"2020-12-23T13:26:18","guid":{"rendered":"https:\/\/wallcrypt.com\/blockchain-could-soon-make-it-impossible-to-sell-a-stolen-rolex\/"},"modified":"2020-12-24T18:08:22","modified_gmt":"2020-12-24T17:08:22","slug":"blockchain-could-soon-make-it-impossible-to-sell-a-stolen-rolex","status":"publish","type":"post","link":"https:\/\/wallcrypt.com\/en\/blockchain-could-soon-make-it-impossible-to-sell-a-stolen-rolex\/","title":{"rendered":"Blockchain could soon make it impossible to sell a stolen Rolex"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8953\" class=\"elementor elementor-8953 elementor-8904\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9d8821e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9d8821e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-79c498a\" data-id=\"79c498a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d694986 elementor-widget elementor-widget-image\" data-id=\"d694986\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"810\" height=\"540\" src=\"https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg\" class=\"attachment-large size-large wp-image-8907\" alt=\"Blockchain could soon make it impossible to sell a stolen Rolex\" srcset=\"https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg 810w, https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-300x200.jpg 300w, https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-768x512.jpg 768w, https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-750x500.jpg 750w\" sizes=\"(max-width: 810px) 100vw, 810px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e6c4d5f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e6c4d5f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dcffa48\" data-id=\"dcffa48\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b1e4cd1 elementor-widget elementor-widget-text-editor\" data-id=\"b1e4cd1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The authentication process for watches is archaic, still done using warranty cards and paper certificates. Blockchain will transform the nature of watch ownership<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-53a0537 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"53a0537\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7a3f9fd\" data-id=\"7a3f9fd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9046b2 elementor-widget elementor-widget-text-editor\" data-id=\"b9046b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>For a global business worth a reported $17 billion, driven by<\/strong><\/p>\n<p class=\"bb-p\">increasingly sophisticated online platforms, the secondary \u2013 or \u201cpre-owned\u201d \u2013 watch market is constrained by a singularly analogue factor. For the authentication of watches, dealers still rely on the traditional warranty cards and paper certificates issued by manufacturers.<\/p>\n<p class=\"bb-p\">Given that counterfeiters can now clone \u201csuper fake\u201d watches with such sophistication that even experts get duped, trusting mere paperwork for the authenticity of items is an increasingly dubious proposition.<\/p>\n<aside class=\"ad__main ad--article ad--article-rail ad--article-rail-top stick-wrapper stick-wrapper--fixed\">\n<div class=\"ad__block stick-element stick-element--fixed\">\n<div id=\"ad_d9541bca-72b3-4d1d-845e-0131c4384e28\" class=\"da__container\" data-ad-unit=\"technology-design\/articles\" data-ad-zone=\"\/5574\/uk.n5574.wired\" data-ad-lazyload=\"True\" data-ad-sizes=\"[[300, 600], [300, 250]]\" data-ad-bidding=\"True\" data-ad-sizemap=\"null\" data-ad-position=\"article-top\" data-ad-values=\"{&quot;doctype&quot;: &quot;article&quot;, &quot;uk-wi-tags&quot;: [&quot;Watches&quot;, &quot;Gear&quot;, &quot;Blockchain&quot;, &quot;Technology&quot;]}\" data-ad-placement=\"ARTICLE_RAIL_TOP\" data-ad-group=\"roadblock\" data-ad-order=\"1\" data-ad-initialised=\"true\" data-google-query-id=\"CKXApqrg4-0CFcEJTAodeFMHKA\" data-ad-rendered=\"true\">\n<div id=\"google_ads_iframe_\/5574\/uk.n5574.wired\/technology-design\/articles_2__container__\"><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p class=\"bb-p\">But\u00a0<a class=\"bb-a\" href=\"https:\/\/www.wired.co.uk\/article\/what-is-the-blockchain\" target=\"_blank\" rel=\"noopener\">blockchain technology<\/a>\u00a0may offer a solution. The idea of using blockchain\u2019s distributed ledger system to ensure failsafe authentication and accountability is already being trialled everywhere from the art market and auction houses to financial services and music-rights management.<\/p>\n<p class=\"bb-p\">In the watch market, it offers the opportunity to create a fixed and immutable record for any watch, safeguarding transactions and devaluing counterfeits. More fundamentally, proponents argue it could transform the entire nature of watch ownership, as a watch\u2019s digital \u201cidentity\u201d \u2013 and by extension, its connection back to the brand itself \u2013 remains secure and constant even as the watch itself changes hands multiple times<\/p>\n<p class=\"bb-p\">French entrepreneurs Guillaume Kuntz and Marc Ambrus launched Watch Certificate, a side venture to their online marketplace Tradeewatches, in the teeth of the Covid-19 lockdown. For between \u20ac99 and \u20ac299 (depending on the value of the watch), their service enables clients to put a watch through a detailed checking and authentication process. A physical steel card is then provided, bearing a QR code linked to a digital certificate secured in the blockchain. The checks themselves are carried out by watchmakers local to the client, selected by Watch Certificate, and validated by independent experts. Kuntz describes this as amounting to the creation of a passport for a luxury watch, which can be viewed via a phone app.<\/p>\n<p class=\"bb-p\">\u201cThe certificate is a tamper-proof document, with 42 checkpoints and high-definition pictures including the movement and the serial number,\u201d Kuntz says. \u201cFor the buyer, it is a guarantee that the watch is real, but it also details the condition and authenticity of the parts, which is particularly useful in the vintage world where each part can have a strong impact on the value of the watch.\u201d<\/p>\n<p>For newer watches, ultimate authenticity comes from the brand itself. Until recently there was little incentive for makers to engage with a pre-owned market they saw as fundamentally undermining their brand equity, but the relationship is becoming far more reciprocal. On the one hand, brands have been forced to grapple with a free-flowing grey market fuelled by the vast oversupply of watches made during the boom years. But more fundamentally, they are facing a clientele whose values are changing.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f6cf666 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f6cf666\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-063c629\" data-id=\"063c629\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8147aac elementor-widget elementor-widget-text-editor\" data-id=\"8147aac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.wired.co.uk\/article\/stolen-rolex-blockchain\" target=\"_blank\" rel=\"noopener\">Read more<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The authentication process for watches is archaic, still done using warranty cards and paper certificates. Blockchain will transform the nature of watch ownership For a global business worth a reported $17 billion, driven by increasingly sophisticated online platforms, the secondary \u2013 or \u201cpre-owned\u201d \u2013 watch market is constrained by a singularly analogue factor. For the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"1","override":[{"template":"2","single_blog_custom":"","parallax":"0","fullscreen":"0","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"","sticky_sidebar":"1","share_position":"","share_float_style":"","show_share_counter":"0","show_view_counter":"0","show_featured":"0","show_post_meta":"1","show_post_author":"1","show_post_author_image":"0","show_post_date":"1","post_date_format":"","post_date_format_custom":"","show_post_category":"0","show_post_reading_time":"0","post_reading_time_wpm":"","show_zoom_button":"0","zoom_button_out_step":"1","zoom_button_in_step":"1","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"","single_post_gallery_size":""}],"trending_post":"0","trending_post_position":"","trending_post_label":"","sponsored_post":"0","sponsored_post_label":"","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","format":"standard"},"jnews_primary_category":{"id":""},"footnotes":""},"categories":[351,240],"tags":[],"class_list":["post-8953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-par-secteurs-dactivite-secteur-du-luxe-en","category-wallcrypt-en"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg",810,540,false],"thumbnail":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-150x150.jpg",150,150,true],"medium":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-300x200.jpg",300,200,true],"medium_large":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-768x512.jpg",768,512,true],"large":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg",810,540,false],"1536x1536":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg",810,540,false],"2048x2048":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg",810,540,false],"widget-thumbnail":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-75x75.jpg",75,75,true],"rpwe-thumbnail":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-45x45.jpg",45,45,true],"profile_24":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-24x24.jpg",24,24,true],"profile_48":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-48x48.jpg",48,48,true],"profile_96":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-96x96.jpg",96,96,true],"profile_150":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-150x150.jpg",150,150,true],"profile_300":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-300x300.jpg",300,300,true],"jnews-360x180":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-360x180.jpg",360,180,true],"jnews-750x375":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-750x375.jpg",750,375,true],"jnews-1140x570":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg",810,540,false],"jnews-120x86":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-120x86.jpg",120,86,true],"jnews-350x250":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-350x250.jpg",350,250,true],"jnews-750x536":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-750x536.jpg",750,536,true],"jnews-1140x815":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg",810,540,false],"jnews-360x504":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-360x504.jpg",360,504,true],"jnews-75x75":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-75x75.jpg",75,75,true],"jnews-350x350":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg",350,233,false],"jnews-featured-750":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt-750x500.jpg",750,500,true],"jnews-featured-1140":["https:\/\/wallcrypt.com\/wp-content\/uploads\/2020\/12\/wired-blockchain-alt.jpg",810,540,false]},"post_excerpt_stackable_v2":"<p>The authentication process for watches is archaic, still done using warranty cards and paper certificates. Blockchain will transform the nature of watch ownership For a global business worth a reported $17 billion, driven by increasingly sophisticated online platforms, the secondary \u2013 or \u201cpre-owned\u201d \u2013 watch market is constrained by a singularly analogue factor. For the authentication of watches, dealers still rely on the traditional warranty cards and paper certificates issued by manufacturers. Given that counterfeiters can now clone \u201csuper fake\u201d watches with such sophistication that even experts get duped, trusting mere paperwork for the authenticity of items is an increasingly&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/wallcrypt.com\/en\/wallcrypt\/blockchain-par-secteurs-dactivite-secteur-du-luxe-en\/\" rel=\"category tag\">Blockchain par secteurs d&#039;activit\u00e9 secteur du LUXE<\/a>, <a href=\"https:\/\/wallcrypt.com\/en\/wallcrypt\/wallcrypt-en\/\" rel=\"category tag\">Wallcrypt<\/a>","author_info_v2":{"name":"wallcrypt","url":"https:\/\/wallcrypt.com\/en\/author\/wallcrypt\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain could soon make it impossible to sell a stolen Rolex - WALLCRYPT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wallcrypt.com\/en\/blockchain-could-soon-make-it-impossible-to-sell-a-stolen-rolex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain could soon make it impossible to sell a stolen Rolex - WALLCRYPT\" \/>\n<meta property=\"og:description\" content=\"The authentication process for watches is archaic, still done using warranty cards and paper certificates. Blockchain will transform the nature of watch ownership For a global business worth a reported $17 billion, driven by increasingly sophisticated online platforms, the secondary \u2013 or \u201cpre-owned\u201d \u2013 watch market is constrained by a singularly analogue factor. 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