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Several different technological approaches have been proposed to promptly identify counterfeit products. New research proposes the use of thin film sensors in anti-counterfeit efforts.
The counterfeit business is booming. In fact, counterfeit goods account for a whopping 3.3% of global trade1 and cost the U.S. economy approximately $600 billion a year.2
The counterfeit business is booming. In fact, counterfeit goods account for a whopping 3.3% of global trade and cost the U.S. economy approximately $600 billion a year. .
Blockchain helps tackle counterfeiting by identifying provenance of a product because blockchain provides a secure and trusted tracking system. Legal enforcement agencies can establish the counterfeit nature of suspect products, and companies can protect their bottom line.