Probably the most important question about a watch is its provenance. Where did it come from, and can you prove that it came from where you say it did? For centuries, this has meant having a watch’s “box and papers” to sell alongside the timepiece itself. These box and papers are thought to provide proof that the watch is legitimate, and that the buyer can proceed with confidence.
In reality, there’s not a full-proof way to be sure that the box and papers being offered alongside the watch are legit. These papers can be forged, faked, or tampered with, and with the money to be made in vintage watches, the motivation certainly exists.
Vacheron Constantin is hoping to use blockchain technology to chain that. A blockchain, by design, is an open, distributed ledger that can record a transaction between two parties in a verifiable and permanent way.Read More