Ethereum
$241.27 -0.31%
ETH · 9w

Luxury Watchmaker Breitling Adds Its First Timepieces to a Blockchain

The Breitling Top Time, pictured above, was a hand-wound chronograph from the 1960s popular with the Jet Set of the era. James Bond wore it in “Thunderball,” although his featured a miniature Geiger counter.

The company has rereleased the watch, black and white “panda” face and all, to a new generation and it’s doing something a bit different this time. Instead of offering a certificate of authenticity, the company is registering each watch on a private blockchain that will follow its provenance from owner to owner.

As such, it’s a rare example of an enterprise blockchain project that made its way to real-world deployment; most corporate dabbling with distributed ledgers has resulted in little more than hype.

Related: Old Rivals Oracle and IBM Want Their Blockchains to Talk to Each Other

“The Breitling Top Time Limited Edition will be the brand’s first watch offered with a blockchain-based digital passport, which confirms the authenticity and ownership of the watch with a single click,” the company said in a press release.

Breitling is using a blockchain from valuables registrar Arianee, a French company whose aim is to build “perpetual relationships between brands and owners.” The solution ties the watch’s warranty to the watch itself and not to any paper trail, allowing owners to have their pieces serviced by authorized dealers based on the watch’s digital signature.

The Arianee blockchain combines permissioned and permissionless elements through its use of a consensus mechanism it’s calling “proof-of-authority.” It is permissionless in the sense that users who want to sell products to one another can interact with the blockchain, but the verifying of the ledger and issuance of tokens is controlled by the participating businesses.

Breitling, founded in 1884, is being a good sport about the project, saying the system allows users to “engage with the brand anonymously” and take part in “new online services ranging...

Continue on finance.yahoo.com
Recent news
ETH -0.31% · heraldsheets.com · 3h

Analyst: Ethereum (ETH) Price On Track for $300

A well-known cryptocurrency analyst, Michael van de Poppe, popularly known as Crypto Michael, has recently shared his opinion regarding the price trend of Ethereum (ETH). According to Crypto Michael, ...