![](https://www.ficcicascade.in/wp-content/uploads/2018/08/Ficci-117.jpg)
BlockchainStartups Take Aim at Counterfeiting of Luxury Products
The cryptocurrency industry has delivered new technology to the world of luxury commerce, and it’s helping weed out the fakes. It may seem like a frivolous concern, but counterfeit goods are big business. Stopping them is a significant business cost for manufacturers of the real thing. And for consumers who pride themselves on owning luxury goods, getting the real thing is essential to a way of life. That’s where Bitcoin comes in.
“By linking digital certificates to purchased goods, we are able to provide a much higher degree of confidence to buyers, especially when purchasing from online or second-hand retailers,” says Guy Halford-Thompson, founder of Blockchain Tech Ltd.
Related Posts
Puerto Rico authorities seize counterfeit auto parts
US Customs and Border Protection (CBP) officers and import specialists seized...
How African countries lose Sh1tr to illicit tobacco trade
Cigarette manufacturers operating in Africa are creatively fuelling illicit...
$500K in counterfeit goods seized from east side flea market
INDIANAPOLIS - n A major raid at an Indianapolis flea market turned up $500,000...
Customs seizes more smuggled garlic
The Bureau of Customs (BOC) intensifies its drive against the illegal entry of...