IBM 5 in 5: Blockchain and crypto-anchors will knock out knockoffs.
In the next five years, cryptographic anchors and blockchain technology will help ensure a product’s authenticity—from its point of origin to the hands of the customer. Knockoffs aren’t always easy to spot, and it can be difficult to pinpoint when and where they are substituted for genuine items. Complex supply chains demand an immutable solution to keep counterfeits from replacing authentic products, goods, and medicines. Crypto-anchors are digital fingerprints that can authenticate a product’s origins and contents against records kept in a blockchain ledger, so you always know what you’re receiving. Knockoffs beware—your days are numbered.
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June 11, 2018 at 06:10PM