Online Marketplaces Leverage Technology to Tackle Fake Products
Selling a product online allows businesses to reach a wider audience and new customers. Companies have started leveraging technology to reduce the rate of return of products faced by online marketplaces, reports Payal Ganguly for ET Bureau. Online marketplace Luxepolis is venturing into the trend by utilizing Radio Frequency Identification (RFID) technology to tackle the problem of returns. Luxepolis sells products ranging from designer apparel to high-end automobiles. The company uses near-field communication (NFC) enabled tag and reader to decipher codes that are unique to every product in order to validate the returned item.
Related Posts
HCM City struggles to combat smuggling
So far this year the city investigated 43,217 suspected cases and uncovered...
Eluru Police Destroy Illegal Liquor Worth Rs 1.29 Crore
Eluru district police and Special Enforcement Bureau (SEB) officials destroyed...
Smuggled phones help N. Korea defectors send money
In this Sept. 21, 2014 photo, North Korean defector Choi Jung-hoon, center,...
Possible terror subtext in recent Gujarat drug busts
Rising pressure on drug traffickers to push surplus opium production in...