Swiss luxury watch and clock manufacturer Vacheron Constantin can begin using blockchain technology to trace its timepieces, life-style magazine Robb Report reported on May 24.

Founded in 1755, Vacheron Constantin is recognized as the world’s oldest watch manufacturer. the corporate plans to issue a paper and digital certificate to every of its vintage watches, and will use blockchain technology to integrate extra data into the certificate, together with an entire history of the product and manufacturer.

Vacheron Constantin reportedly stated that blockchain can facilitate fight counterfeiters and guarantee genuineness of its watches, furthermore as protect potential customers from buying fakes. the corporate stated:

“[Blockchain] makes it potential to form a forgery-proof digital certificate of genuineness, that follows the watch throughout its life, whether or not that involves many changes of owner. a singular range is so assigned to a unique object, creating the 2 indivisible and securing information referring to the property, value, nature and genuineness of the timepiece.”

Earlier in May, major international fiber producer Lenzing proclaimed it'll implement blockchain to bring a lot of transparency to its fiber supply chain. In 2020, Lenzing expects to launch its supply chain traceability platform.

While blockchain has been wide deployed to revamp supply chains through the tech’s potential to enhance potency and transparency, a senior government at United States-based supply firm FedEx expressed skepticism regarding blockchain within the company’s processes.Dale Chrystie guaranteed that, at the moment, antiquated transporting data frameworks are better than blockchain-based ones, as conveyed record advances are as far as anyone knows excessively rising.

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