Having participated in this project, the Sword Blockchain team is delighted with this success. In the very near future we anticipate numerous similar announcements from the luxury goods sector, but not only. It is in the general interest of brands, resellers and clients to be able to not only check the origin of a product but also its authenticity.
Above and beyond the innovative approach adopted by the brand Ulysse Nardin in its customer relations, this project stands out thanks to the use of Blockchain technology to generate and store public timestamped and signed evidence of the generation of documents. Ulysse Nardin chose here to use Bitcoin with a capital B – the same blockchain that is used to transfer, guess what: bitcoins, the cryptocurrency that is written using a small b.
This may seem surprising but it is important to note that Bitcoin is the oldest blockchain, the most secure, the most widely used and no doubt also, the simplest one to use.
This simplicity is enhanced by the fact that Ulysse Nardin made the choice to use the services of our partner Woleet, who provides them with a virtually ‘turnkey’ Bitcoin integration service. Interestingly, it is with the same tools proposed by Woleet that Sword Group signed the first bipartite contract in France on Blockchain last September.
In addition to the fact that the project is impressive, we would like at Sword Blockchain to underscore two points:
- Electronic signature on Blockchain is in 2020 both the simplest and cheapest solution for signing documents and for publicly proving their origin.
- Well-designed, this signature is compliant with the eIDAS European electronic signature standards (for the ‘simple’ signature), and is compatible with 90% of the use cases for electronic signatures in companies.
Sword Blockchain proposes a full range of consulting and integration services around Blockchain technologies, always keeping in mind the client’s specific business and the regulatory constraints that they are bound by.
Sword Group provides software solutions for the fight against counterfeiting (Insight Case Manager) and for the protection of intellectual property (Sword Intellect), integrating with our notarisation solutions on Blockchain.
Historically, Sword Group is a leading integrator on the electronic signature market. Feel free to contact us if you wish to find out more about the advantages and disadvantages of the traditional approaches (KPI, server stamp, trusted third party) in relation to the signature on Blockchain.
The principle of the documentary electronic signature on Blockchain is often called “Notarisation”. As proof of its relevance, it is one of the four use cases for Blockchain that the European Commission wishes to test at the level of its Member States in 2020 and 2021.
