Crowdsourced app targets counterfeit products

ga('send', 'event', 'Retail', 'article', 'article-industry-impression', {nonInteraction: true});

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 now, however, it was difficult to gather the comprehensive evidence and information needed for enforcement of intellectual property (IP) rights. AllVirtuous steps into this gap with a mobile application that enables a network of specially-trained field investigators to collect evidence of counterfeiting among suppliers and distributors.

Spotted another good idea???
Join our network and earn rewards

Add to my folders:

Select any pre-existing folders to add the current post to. Posts will be added to a 'default' folder if nothing is selected.

Create a new folder (Optional)

Separate with commas to add multiple folders. The current post is automatically added to any new folders you create (e.g. my new folder, my second folder).

Add

Remove from my folders

Below is a list of folders where the current post appears in. Select the folder you wish to remove it from.

Update