Rene Fischer Bernard CEO of LuxTag and Blockchain Pioneer

Rene Fischer Bernard is the CEO and founder of LuxTag, a Malaysia-based startup that leverages blockchain technology to combat counterfeiting and theft. With a background in engineering and cybersecurity, Bernard has been an international tech entrepreneur since 2002. He co-founded LuxTag with two other founders, merging his business and tech expertise to create a holistic system that provides insights for brands and ensures authenticity.

1. RENE FISCHER
BERNARD
Rene Fischer-Bernard, the CEO and founder of LuxTag and the founding
ACCESS Blockchain Association (Malaysia). He has been working as an
international tech entrepreneur since 2002. He used to study engineering
in Germany and at the same time he was running an e-commerce
business. He became a credible cybersecurity and IT system architecture
designer and administrator. Merging his business and tech backgrounds,
he started LuxTag.io with two other co-founders. This Malaysia-based
startup is a high-value idea availing the benefits of Blockchain
technology. This holistic system tackles counterfeiting and theft while
building insights for brands.

2. BLOCKCHAIN THE GAME-
CHANGER IN DIGITAL
DATA STORAGE
In the ever-evolving digital landscape,
one technology stands out for its
transformative potential blockchain.
Like any other file, it lives on digital storage
mediums like computer hard drives and
consists of a series of binary “bits” — ones
and zeros — that computers process to
make readable for humans.
However, what sets blockchains apart are
three unique properties that, when
combined, make them function very
differently from regular computer files.

3. DISTRIBUTED NATURE
The first defining characteristic of
blockchain technology is its
distributed nature. Traditional files are
often stored on a single computer or
server, making them vulnerable to
manipulation or deletion by whoever
controls that computer.
For instance, the document you are
reading now could be stored on one
computer and accessed over the internet
by many people. However, the owner of
that computer has the power to alter or
delete the document at will.

4. ENHANCED SECURITY
THROUGH
CRYPTOGRAPHY
The second key property of
blockchain technology is its reliance
on cryptography for security.
Cryptography, derived from the
ancient Greek words for “secret
writing,” ensures that the data within
a blockchain is encoded.
This means that to read or alter the
data, one must possess the
appropriate cryptographic keys.
Each block in a blockchain contains a
set of transactions, and each
transaction is secured by
cryptographic algorithms. To change
the data in a block, or sometimes even
to view it, you need the private keys
associated with that block.

5. OPENNESS AND
TRANSPARENCY
The third fundamental property of
blockchains is their openness and
transparency. Blockchains can be
designed to be fully public, like the
Bitcoin blockchain, or accessible only
to those with permission, as seen in
some business applications.
This transparency is a key feature
because it allows anyone on the
network to monitor changes, even if
they don’t have permission to edit the
data or access all of it in its
unencrypted form.

6. SOLVING THE
DOUBLE SPEND
PROBLEM
One of the most significant
achievements of blockchain
technology is solving the “double
spend” problem inherent to digital
data. In the digital realm, data can be
copied and shared an endless number
of times.
This posed a major challenge for
digital currencies and assets because
it made it impossible to use them as a
store of value, similar to physical
assets like gold or cash.

7. THANK YOU
The CEO and founder of LuxTag, Rene Fischer-Bernard is a
Blockchain and Cryptocurrency enthusiast. His focus is
majorly on Blockchain’s adoption and integration.
www.luxtag.io/