Malaysia Watch Forum

Main Forums => General Discussion - Modern Watches => Topic started by: yehlai on April 16, 2021, 07:43:40 AM

Title: Should we use Blockchain or NFT on time piece
Post by: yehlai on April 16, 2021, 07:43:40 AM

So can record: 
Owners/Possession
Service/Repair
Manufacturer (date and batch)
First and last transaction value

Title: Re: Should we use Blockchain or NFT on time piece
Post by: pleasuresaurus on April 16, 2021, 09:49:44 AM

Heard some positive input about Cardano as a multi-asset blockchain. Personally haven't tried.

Title: Re: Should we use Blockchain or NFT on time piece
Post by: apache0909 on April 26, 2021, 10:20:41 PM

Quote from: yehlai on April 16, 2021, 07:43:40 AM

So can record: 
Owners/Possession
Service/Repair
Manufacturer (date and batch)
First and last transaction value

Highly doubt it will ever happen, as I dont see any party will benefit from undertaking the whole project. Unless the manufacturer themselves decide to do it. But even if it is implemented, I dont see any significant benefit other than the public can keep track of the ownership of watches.

Title: Re: Should we use Blockchain or NFT on time piece
Post by: strinq on April 27, 2021, 08:36:03 AM

If the manufacturers are serious about addressing the grey market problem then yeah why not. Every transaction gets recorded.