Protect Your Legacy
Bezelchain creates a robust ecosystem connecting different stakeholders to a secured environment allowing information sharing, authentication, and verification of high-end timepieces, becoming the most trusted platform in protecting the authentication, history and ownership of pre-owned watches.
The initial plan is to onboard dealers who will bring on their past and existing inventory and daily sales database. The dealers will offer this plan as part of the package when selling the watch using promotional material and access from our side. This will inevitably build a database of watchers already verified through our partner dealers, allowing us to start promoting the app to individuals. This way, Bezelchain will begin building a unique database of verified watches bringing us to the second stage of the marketplace. Bezelchain can capitalize on the aggregation of selling, buying, and trading Luxury verified watches.
The pre-owned market represented 21 Billon USD in 2020 with a CAGR of 8% between 2020 to 2025. (Source: BCG Analysis)
Problems:
Counterfeit watches are estimated as nearly 40 million items every year which is double the figure for Swiss exports.
( Source: Federation of the Swiss Watch Industry)
The challenge for watch owners is to prove the authenticity of their products because they do not necessarily have all the history and documents of their timepieces: original invoices, certificates, boxes,...
Solutions:
Bezelchain is a single-source solution tracking the authenticity, history, lifecycle, valuation, and ownership verification of luxury timepieces. Creating an ecosystem where all information related to the watch profiles, ownership, service history, including the current status (stolen, lost, or any other events) will be stored. from manufacturing to end-user- will be recorded using Blockchain and AI technologies. Also, offer attractive services such as a marketplace!
Bezelchain has made effective progress to date employing minimal resources. The foundations of the business have been built, the core team has been assembled and the base application has been made. The Company will utilise the invested funds to continue building the asset base of the business and manage resources in a productive manner.
