⚙️Problem Overview
Counterfeit goods cause over $500B+ annual losses globally, affecting industries such as:
Pharmaceuticals
Electronics
Food & beverage
Luxury goods
Automotive
Fake products erode trust, cause injuries, and disrupt global trade integrity.
Consumer Challenges
Consumers struggle with:
Inability to distinguish real vs fake products
Exposure to unsafe counterfeit items
No access to transparent product origin or history
No simple verification mechanism
Brand Challenges
Brands face:
Revenue loss
Reputational damage
Limited tools to monitor authenticity
Weak visibility across distribution channels
Government & Regulatory Challenges
Governments struggle with:
Lack of unified traceability systems
Difficulty enforcing anti-counterfeit laws
Lack of standardized product authenticity records
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