ChronoBase is working on creating a unified market ecosystem to counter the growing black market by leveraging blockchain technology. The ecosystem will include luxury watch owners, dealers and manufacturers.
how can they avoid the rise of the sales in the black market?
We use blockchain to provide maximum security for information and transactions! The whole life cycle of watches - from manufacturing to end usage - will be recorded in blockchain. The core of the whole ecosystem is the marketplace, where watch owners will be able to enter the relevant data on watches and offer them for sale. User certificates, issued by ChronoBase, will protect customers from cheating and will assist in keeping track of the real status of watches. In addition, the escrow service will make it possible to safely buy and sell watches.