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Each crypto-anchor vendor provides their product's value, making it critical and monitoring which makes it damages every year.
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Are crypto anchors a computing innovation | Abstract Counterfeiting is a major problem in many industries, causing hundreds of billions of dollars in damages every year. Abstract Blockchain technology can increase visibility in supply-chain transactions and lead to more accurate tracing of goods as well as provide evidence of whether a product is authentic or not. Overview Assuring the authenticity of products and assets is a fundamental need across industries like electronics, pharmaceuticals, gas and petroleum, automotive, aerospace, defense, and retail, where there is a high risk of causing major harm when fake products go unnoticed. Digital twins further increase a product's value, making it critical to secure the link between the physical and digital world. We have built a blockchain-based crypto-anchor platform that integrates a wide range of crypto-anchor vendors, providing interoperability between their technologies and supporting application development from sustainable sourcing to supply-chain management and consumer engagement. An entire industry has sprung up to address this problem with a wide variety of product-authentication technologies, or crypto anchors, offering many different trade-offs between supported product surface, security level, price sensitivity, ease of use, etc. |
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