ChronoBase ICO

Contents
1. Introduction
5
Watch empires
6
Who buys Swiss watches?
6
Issues of the luxury watch market
8
ChronoBase is a uni
fi
ed market ecosystem
9
2. ChronoBase: let's synchronize!
1
0
Analysis of competing services and projects
1
1
Who needs ChronoBase?
1
2
Why support the ChronoBase project?
1
5
ChronoBase functionality
1
6
Blockchain powered review and ranking system
1
8
Generally accessible API
1
8
3. Review of ChronoBase (BASE) token
19
ChronoBase (BASE) token use cases
2
0
Use case scenarios in examples
2
2
Token sale and funds distribution
2
8
Roadmap
3
1
...

Je
ff
rey Immelt, CEO of General Electric, wears a Breitling Chronospace. Business Insider
Introduction
Elite class watches are extremely popular all over the world, and
the demand for them has been constantly growing. This popularity does
not depend upon mere quality, craftsmanship and reliability as luxury
watches a
ffi
rm owner’s social status, style and taste. Luxury watches
have become statements of exclusivity. Apart from status-driven
considerations, the purchase of luxury watches is a solid long-term
investment that o
ff
ers steady returns in future. In accordance with
the recent edition of marketing principles (Kotler et al., 2016), luxury
watches fall into the category of speciality consumer products, which are
usually characterized by unique characteristics and brand identi
fi
cation
for which a signi
fi
cant group of buyers is willing to make a special
purchase e
ff
ort, strong brand prefer...

Watch empires
According to the Federation of the Swiss Watch Industry FH (Verband
der Schweizer Uhrenindustrie FH), Switzerland produces around 30
million timepieces per year, which accounts for 2.5% of the global watch
output (in terms of units). However, in value terms, this country accounts
for over 50% of the world watch market. Swiss watchmakers produce
about 95% of watches priced at over 1,000 francs (~1,000 USD).
Swiss watches in global watch market
or
or
2,5%
in units
>50%
in value
95%
of watches priced
at over 1,000 francs
Who buys Swiss watches?
The current size of the global luxury watch market is enormous
and exceeds 20 billion US dollars per year. The main markets include
European and Asian countries, speci
fi
cally the UAE. The demand for
Swiss-made watches has been demonstrating the highest growth rate
in Asia and Europe, which makes sense in the post-crisis times when
the European deman...

Main countries for Swiss-made watch exports
Country
Mil. of CHF Change
Hong Kong
245.2
+15.8%
USA
183.3
-7.3%
China
149.0
+18.2%
Japan
132.4
+21.7%
United Kingdom
122.3
+1.2%
Italy
105.0
-0.7%
Share
13.3%
9.9%
8.1%
7.2%
6.6%
5.7%
Total
937.3
+7.6%
50.7%
The value of watches costing less than 200 francs (export price)
fell (
−
3.4%), while the other segments reported sustained growth.
The 500
−
3,000 francs price category posted the best result with growth
of almost 20% both in value and in the number of pieces.
Most of the 30 main markets prove positive. Hong Kong ( + 15.8%) and
China ( + 18.2%) continued to grow strongly. Japan ( + 21.7%) recorded
an even more substantial advance, although against the background
of a declining medium-term trend. Contrasting with these strong p...

Issues of the luxury watch market
Popularity of luxury products has resulted in the appearance and
expansion of the black market for stolen watches. It should be borne
in mind that each element of the watch mechanism is custom built.
All timepieces have unique identi
fi
cation numbers, which authenticate
product genuineness. These numbers are stored in the manufacturer’s
internal databases. Regretfully, there is no single database for watches
of di
ff
erent manufacturers, while the watch ownership history is not
recorded. Thefts cause signi
fi
cant losses to the watch owners and
insurance companies. Stolen watches enter the market due to absence
of the uni
fi
ed global stop-list and convenient interfaces for the owners.
Another formidable issue facing customers is the availability of fake and
counterfeit products. The quality of fakes improves gradually, making
them very similar to the originals. Being in high demand, Swiss-made <...

ChronoBase is a unified market ecosystem
ChronoBase is a uni
fi
ed ecosystem for luxury watch owners, dealers and
manufacturers. We are creating a truly global ecosystem to store
the watch pro
fi
les, with the current status (stolen, lost, or any other
events), as well as their provenance and service history. ChronoBase will
become a reliable and easily accessible decentralized database with
the information on thousands of luxury watches, which are registered
by manufacturers and owners. The entire lifecycle of a timepiece— from
manufacturing to end user — will be recorded in blockchain, enabling
value retention and a secure marketplace.
Marketplace will become the core of the ecosystem, where watch owners
will be able to retain their collection and o
ff
er any items for sale. Digital
certi
fi
cates, issued by ChronoBase, will protect customers from fakes and
will assist in keeping track of the watch provenance. In addition, an...

ChronoBase — Your luxury watch secured by blockchain
ChronoBase: let's synchronize!
Blockchain is a modern buzz word, yet the underlying technology may
o
ff
er new opportunities and improve the existing processes. Everything that
is not possible to achieve in a centralized database can now exist
in a decentralized and secure form. The key about blockchain is the trust.
When integrity and information safety and long term retention
are of paramount importance, blockchain technology is a perfect
fi
t.
Deep insight into the blockchain technology allows the project team
to analyse various markets, where the issue of data safety and retention
are nowadays acute and persistent. The luxury watch market is the one
1
0
where this issue really manifests itself.
...

Analysis of competing services and projects
Currently, there are no watch related projects or o
ff
ers, which can
prevent all possible risks and safeguard information authenticity. There is
a number of large marketplaces handling watch trade. There are also
local databases of stolen watches. These are practically all options
available. Such projects are summarised in the table below.
Feature description
ChronoBase Chrono24
The Watch
Register
Blockchain decentralization
'
*
!
'
Marketplace
''!
Ownership history/provenance
'
!
!
Personal collection
''!
Advertising tools
''!
Absence of hidden charges
'''
Mobile applications
''!
Enhanced data security
'!!
Blockchain based certi
fi
cates
'
!
!
Escrow service
''!
Open API
'!!
History of service events
'!'
Internal payment s...