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Blockchain technology has the potential to revolutionize supply chains by providing an immutable record of product movements, aiding in counterfeit detection.
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It can also establish decentralized authentication systems for product authenticity verification.
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A recent OECD report estimates the counterfeit goods market to be valued at $500 Billion annually.
Counterfeit products in supply chains are a big problem that affects companies all around the world. With a market worth over €460 Billion, the spread of counterfeit goods devalues brand value and creates major financial and safety problems. From drugs to gadgets, counterfeits jeopardize quality, putting consumer health and safety at risk.
Traditional detection methods, such as RFID tags and physical inspections, must be altered in light of these challenges. The demand for a more robust solution has spurred the research of technology-based alternatives. Among these, blockchain
We współpracy z: https://www.thecoinrepublic.com/2024/02/04/how-can-blockchain-technology-supercharge-fake-product-detection/
