How Computer Vision And Blockchain Help Material Tracking And Counterfeit Detection
Real-time material monitoring and quality control are becoming increasingly achievable through computer vision and blockchain in manufacturing, delivery and other supply chain processes.
Counterfeits in the supply chain are notoriously difficult to track and eliminate nowadays. In 2020, losses incurred due to counterfeits accounted for more thanĀ 26 billion euros for certain industries. The cumulative figure for all industries combined was much higher than that. Generally, such trends escalate year on year. Counterfeits have increased in recent times and promise to keep skyrocketing in the future too. With advances in manufacturing and printing technologies, counterfeit goods have become more and more difficult to differentiate from authentic goods. Fraudsters execute counterfeits via duplicate finishes, print boxes, stenciling, authentic-looking labels, and other ways. In international trade,…