BitSchon Authenticity
Fighting with counterfeit product in an efficient way.We use cutting-edge technologies to enable poeple
Problem and History
Counterfeit products affect many people and companies.
Cunsumers
Counterfeit goods are a serious threat to the health and safety of consumers. Imagine a consumer buying fake car parts. This could make their car crash. Or if someone buys fake cosmetics; this can endanger their health and make them sick. Also, a large number of counterfeit shoes are produced and sold each year that endanger the health of consumers.
Brands
Many brands are experiencing tremendous losses due to
counterfeiting in the form of lost revenue, consumer dissatisfaction,
irreparable damages to the brand reputation, and so on. As per the
Global Brand Counterfeiting Report, 2018, counterfeiting globally
would reach more than USD 1.82 trillion.
Economy
Counterfeiting not only harms consumers and brands but also imparts a massive blow to the economy of any country. Counterfeiting has a direct effect on government expenses and tax revenues. It has an adverse impact on employment too, which is experienced by the retailers, suppliers, and supply chain.
Idea & Solution
Every Product can be counterfeited, even if it has a barcode. Every centralized server is vulnerable, and security and transparency are expensive.
Using NFT technology as a secure encrypted key
to save product history and properties on
blockchain.
Values
Using our authenticity solution can improve people’s life in many ways.
Consumers
Prevents the purchase of counterfeit goods by them
Brands and Manufacturers
Makes it possible for their customers to identify the authentic product from the counterfeit and reduces costs.
Society
Market transparency dramatically increases and the law will be more respected.