Ownerchip

Founded in 2022 by Michael Schramm, OwnerChip is a company that provides a service for authenticating and tracking high-value physical goods.

The company addresses the need for verifiable authenticity and provenance in the luxury goods market, including art, fashion, and other valuable items. OwnerChip's solution involves embedding Near Field Communication (NFC) chips into physical products. These chips are then linked to a "digital twin" on a blockchain network.

This process creates a secure and immutable digital record of the item's identity, ownership history, and other relevant data. By scanning the NFC chip with a smartphone, a user can instantly verify the authenticity of the product and access its digital certificate on the blockchain. This tight linkage between the physical item and its digital counterpart allows for the goods to be traded on NFT marketplaces, bringing liquidity to otherwise illiquid assets.

The company's primary clients are businesses in the luxury sector that want to protect their products from counterfeiting and provide their customers with a modern way to manage and trade their valuable possessions. The business model is likely based on a fee for the integration of the NFC chips and the use of the blockchain platform.

Keywords: digital twin, NFC, blockchain, authentication, provenance, luxury goods, asset tracking, anti-counterfeiting, NFT, physical assets