Gurgen Hakobyan: Yes, VERIUM has been the first project of our team.
Gurgen Hakobyan: We have the system designed and tested in demo mode, which means it is fully working, however it will require some time to adjust the system for the individual needs of a customer. There are some problems to solve, for example how to quickly to scale the system to very large customers that can require tracking of tens of millions of items but we are confident this problem can be solved.
Gurgen Hakobyan: Our system is created with strong security in mind. The system designed in a way so no one, including system administrators, can tamper with manufacturers goods and their respective codes. The codes are randomly issued to manufacturers and are instantly encrypted with manufacturer’s public key. No one can know, what codes are attached to what goods, except for the manufacturer himself. Also the file with codes cannot be accessed by anyone else than the manufacturer. In other words, we have realized from the beginning that no one will handle such a sensitive information to a third party and have designed the system in a way so the trust bearer is solely the main user of the system.
iTechnology.am: Are you planning to sell it in the domestic market or your targeted customers are out of Armenia?
Gurgen Hakobyan: Currently, we are only working on our system, we are planning to expand it and introduce many new features such as location awareness to track individual activation of codes, and statistical system for manufacturers of goods.
Gurgen Hakobyan: We have some world-class cryptography specialists here in Armenia, such as professor Gurgen Khachatrian of AUA, and we have studied cryptography as a separate subject in AUA. There are many applications of cryptography we have seen recently in Armenia, such as the new Tax Service system and similar government systems. This is however a very sensitive field, it has to be audited and checked regularly.
Gurgen Hakobyan: Currently, there is increasing demand for young IT specialists in Armenia, and I am sure it will get a boost over time as more and more foreign IT companies open their branches here in Armenia. There aren’t many Armenian startups though, but once the opportunities for small businesses grow, I am sure that young specialists will not only seek jobs but also try to found their own business in Armenia.