Watch Certificate™, the company specializing in digital passports for watches, has won the highest possible score in the audit of its NFT (Digital Title Deed) technology by OpenGem, an independent body asked to evaluate players in Web3 (the next-generation internet).
OpenGem's audit is a rigorous process that assesses NFTs' compliance with industry best practice, as well as their security and transparency. Watch Certificate™'s success in this test demonstrates its commitment to the quality and sustainability of stored information. By way of comparison, other world-renowned NFT creator companies such as Bored Ape Yacht Club respectively scored 55/100 in this same audit. This places Watch Certificate™ among the dozen or so companies such as Airbus to have achieved the highest score out of the hundred audited to date.
"For us, Watch Certificate™ respects the best technological standards for retaining ownership of a watch over time," testifies Franck Dupont, co-founder of OpenGem.
Watch Certificate™ already used blockchain to time-stamp and make passport data unforgeable. Now, every watch certified in the real world is assigned an NFT, a veritable digital double whose role is to ensure the longevity of watch information and record its evolution over the course of the watch's life cycle (repairs, market value...) Certification and tracking of parts have become indispensable, particularly in view of the strong growth in demand for watches, both new and second-hand. The Watch Certificate™ passport, by adopting NFT technology, offers irrefutable and unalterable proof of their provenance and history. The Watch Certificate™ passport enables the watch's history to be tracked in a transparent and accessible way, guaranteeing protection of the object's ownership and value. Customers are reassured. Their investment is secure and authenticated by a company recognized in the field.
Guillaume Kuntz, co-founder of Watch Certificate™ says "We are very proud of this result. We chose to respect Web3 best practices while making it accessible to everyone. No need for a crypto-asset application or wallet, which democratizes our solution even further."
The Watch Certificate™ team is delighted with this accolade and proud of its commitment to providing a facilitated, seamless and qualitative experience for its customers. The company is determined to continue its development as a major player in the watch industry, using NFT technology to improve security and transparency in the sector. Watch Certificate™ was keen to make data capable of standing the test of time, as the life cycle of a watch often exceeds 50 years. To achieve this, Watch Certificate™ chose to use a public blockchain that guarantees the future accessibility of passport information, with no time limit, and totally independent of the life of the Watch Certificate™ company - unlike a private blockchain, which is liable to close down or disappear.
