Blockchain Helps To Detect And Throw Away Counterfeits From Supply Chain
Do you remember when a man died due to the explosion of a fake Samsung mobile phone? In another case, around 100 people in Pakistan died by taking fake heart medicine. Both of these incidents took place in different industries, but will you believe me if I say that the main reason for both is the same? Counterfeit products are a big concern when it comes to a brand. It is because they can possibly destroy the reputation of the company. What else can fake products do to a brand? How can we eliminate the intrusion of counterfeit products into the supply chain?– Let us dig in! Counterfeits Are The Ultimate Enemies For A Brand Fake goodies have become a growing concern that affects both customers and legitimate businesses. Having a transparent supply chain is essential to prevent the circulation of fakes. Thus, businesses should take proper preventive measures to guard their brand and reputation against being tarnished by fake products. A fake product can affect a genuine busine...