VIDT’s mission is to secure authenticity through data integrity, thereby providing the fundamental checks needed for our rapidly digitising world to function properly. The link with physical objects already launched in spectacular fashion with the first Rembrandt art secured on the blockchain. In the world of art and collectibles, provenance is a big part of authentication. This is where NFTs fit perfectly to tackle this challenge. >What is a non fungible token?

In typical VIDT style, this NFT use case starts with a remarkable example. In another collaboration with Amsterdam Vintage Watches, a 1956 Rolex Milgauss is the first watch to have both its authenticity secured and its provenance recorded on the blockchain.

In 1956, Rolex launched the Milgauss, a toolwatch engineered for scientists who work in environments with extreme electromagnetic fields. It became known to be worn by the scientists of CERN. The Milgauss, with its integrated Faraday cage, is able to withstand electromagnetic forces of up to a 1000 Gauss. Today, it is one of the rarest and most expensive Rolex watches in existence.

Let’s look at the steps involved:

Step 1

Jasper Lijfering, watch and gemstone expert, CEO of AVW

Step 2

Step 3

VIDT has named their NFT “VIDTC”. The C stands for “claim”, since the NFT represents a claim on (partial) ownership of something.

VIDTC is anchored on BSC, while the AVW certificate is anchored on BSC, LTO and FTM

Proof of legitimate ownership

Proof of provenance

VIDTC in Trust Wallet (development screen)

In the world of vintage watches, fraud is unfortunately very common, making trust the most valuable factor for traders and collectors alike. This is indeed the case in the broader world of art and collectables as well. In fact, over the last 50 years, the U.S. Department of Justice (DOJ) has ranked art crime behind only drugs and arms in terms of highest-grossing criminal trades.

With the combination of Expert, Certificate and NFT, VIDT Datalink has the toolset and methodology to perfectly utilise blockchains’ strongest characteristics and ensure trust in an industry where it is most needed.

More NFT use cases

About VIDT

VIDT Datalink main website:

https://vidt-datalink.com

VIDT Datalink on Twitter:

https://twitter.com/vidt_datalink

VIDT Datalink on Telegram:

https://t.me/vidtoken

VIDT Datalink on Youtube:

https://www.youtube.com/channel/UCh6xfbjMUeYFUO-2O_wRSBA/videos

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