Corporate NFT – The Antidote To Counterfeit Products
It has long been said that imitation is the highest form of flattery. The rapid development of technology, shortening the production chains and product life cycle, new distribution models developed by the world’s largest corporations, the progressive shift of retail trade to the web, changes in consumer habits and the ever-increasing dominance of large internet platforms, meant that this sentence should now read: copying is the simplest form of theft. Radosław Krzycki , COO Skey Network According to one of the best current studies of this type, the OECD report on world trade and....
Related News
Counterfeit goods and ingredient sis a major threat to not just the financial ecosystem, but to the health of consumers around the world. Boston Scientific is the latest company being called out on using counterfeit ingredients, which could severely affect consumer health. If only these companies had used blockchain technology to ensure all of the materials used were genuine, this class action lawsuit would have been prevented. There is no denying the blockchain offers plenty of use cases that will affect the everyday life of both consumers and businesses all over the world. Most consumers....
Virtually every purchase of these counterfeit bills was paid for in Bitcoin, which remains the primary currency of the deep web. Bitcoin fraud can come in many different ways. An ongoing Europol investigation revealed how a criminal group was selling counterfeit euros on the darknet. Early estimates indicate they earned 160,000 Euros worth of Bitcoin through this method. Police officials arrested eight suspects earlier this week, and several hundred buyers have been identified. The investigation in question is a joint effort by Europol and the Guardia di Finanza in Italy. During this....
While I was attending the Inside Bitcoins Berlin conference over the past few days, all of the event’s guests were treated to a surprise announcement made by the people over at Block Verify. This unexpected intermezzo had everything to do with using the blockchain technology in such a way that can benefit each and every one of us : combating counterfeit products and goods. Block Verify believes the blockchain holds the technology needed to combat counterfeit goods on an universal scale. Block Verify will use an advanced blockchain solution to allow monitoring of the whole supply chain....
Counterfeiting is a matter near and dear to all of our hearts, albeit fighting this trend seems all but impossible. Despite best efforts by government officials around the world, more and more counterfeit goods are making their way to legitimate marketplaces near you. Blockchain technology will play an important role in the battle against counterfeit goods, assuming manufacturers are willing to do something about this problem in the first place. To give you an example of how lucrative the counterfeiting business can be, it’s not just about printing fake currency bills. Fake goods, on the....
Block Verify announced on March 6th that they have a partnership with a UK pharmaceutical company to begin ensure the validity of pharmaceuticals using the Blockchain. Block Verify, a blockchain-based anti-counterfeit solution, wants to have a global, positive social impact by using blockchain technology to "make the world more honest." Pavlo Tanasyuk, founder of Block Verify (and co-founder of SpaceBit), told CoinTelegraph: "We decided to start with [the pharmaceutical industry] as it is one of the sectors where people are directly affected by using counterfeit products. That can lead to....