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Jan 29

Can Blockchain Technology Destroy the Counterfeit Market?

by Block Editor Sarah A $1.8 trillion dollar problem plagues the world and the solution depends largely on the ability to spot a fake. While many can tell a Prada from a Prado, most counterfeit products are nearly impossible to distinguish. In fact, some consumers are perfectly happy with discounted knock offs. According to the United Nations Office on Drugs and Crimes, the problem is that when consumers buy counterfeit, they are funding crime. Fake product manufacturing often employs the pra...

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