Crowdsourced app targets counterfeit products
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According to a 2016 report by the Organisation for Economic Co-operation and Development, counterfeit and pirated goods make up nearly 2.5 percent of all global trade, with fake products affecting small and medium sized businesses as well as multi-national brands. As supply chains become ever-more globalized, it can be increasingly difficult to prevent loss from counterfeiting, or from having legitimate products siphoned off the supply chain and into grey markets. In the past we have seen applications that allow artists to protect their work through digital registration and tracking or that allow entrepreneurs to crowdsource information about similar products. Until…
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