“It helps us fight counterfeiting,” said Guillaume Boileau, COO of Vacheron Constantin, which is testing blockchain technology to document a Les Collectionneurs reconstructed cut capsule and hopes to introduce it in its new watch line next year.
“If someone tries to destroy a document, their fingerprint changes and you get an information mismatch on the blockchain,” said Stéphane Carlier, digital director of Ulysse Nardin.
Last year, it was the first Swiss watch company to offer a free and tamper-proof Extended Warranty Certificate that uses the Bitcoin blockchain to log information about every watch sold.
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