In Hong Kong, According to the South China Morning Post, there has been doubling in the number of cases of students selling counterfeit goods on online community marketplaces over the past year. The number of fakes found being sold in physical stores jumped 400% over the same period. Even though some of these items were not marketed as originals this activity is still illegal. Millions of dollars in fakes have been seized and large fines have been levied on perpetrators.
RealChain is a BlockChain based, AI enhanced, technology stack that uses a database of product data to determine the authenticity of consumer goods.
RealChain offers a solution that attacks the counterfeit problem at several levels. Consumers can use the RealChain Application to quickly determine if the product that they are interested in is real or fake. Wholesalers and Retailers can also use the application to trace the chain of custody of their stock back up the supply chain to ensure authenticity. And finally, law enforcement can use the RealChain Application on their mobile devices to identify and log fakes in the field.
RealChain will demo their AI enhanced Identification Hardware at the TokenSky Conference in Seoul, Korea on March, 14th and 15th 2018. Visit http://rcfund.org/en-US for more details, and Telegram https://t.me/realchainEnglish for fast responses.
Images courtesy of RealChain
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Written by Bitcoinist.net @ http://bitcoinist.com/realchain-real-life-applications-preventing-counterfeit-sales/ February 13, 2018 Bitcoinist.net