The effects of counterfeiting and the solution!

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Counterfeiting is not the only problem of manufacturers but it also affects consumers. Buying unknowingly or knowingly fake products reduce the income of the government thru taxes, taxes that should help roads, public hospital, and school. If the counterfeiting is widespread in certain country foreign investors will avoid such country. Counterfeiting will give less motivation and incentives for innovators, researchers, and developers, less product with quality will be produced. Counterfeiting can also kill we heard the news about people getting fake medicines which may not only ineffective but may aggravate certain conditions. People buying fake or faulty batteries, poorly designed transformers, and subpar electronics can cause fire and damage to property.
Makers are as of now spending an astounding $82.05 billion every year just to avoid products being falsified. One way they do this via Registration of trademarks and using of technology. One technology for easy registrations thru “Goods Digital Passport” an ICO for global change. Powered by blockchain making it more secure, cheaper and scalable compared to the competition.
Goods digital passport is a solution for a seller, manufacturer, and consumer. Manufacturers and their authorized agent can easily upload products using Application Program Interface and web portal. Every product register will be given a unique QR code. Addition to that Goods digital passport is powered by blockchain so it’s making sure information cannot be tampered or counterfeit.
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For retailers inventory never become so easy! Using goods digital passport everything is recorded customer details, date of sale. In near future, you can reorder product via retailer app
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For consumers you can check product information details by scanning the QR code using a mobile app, it will show product description like manufacturing date, origin, details, and picture. It will also show the “current owner” the one who is legitimate to sell the product this way it guarantees you that the product is original and not stolen.
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Advantages of Goods digital passport comparing current ways to prevent counterfeiting:
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Join the ICO and help the community for a global change to fight Counterfeiting.
ICO details
Pre-sale: June 8, 2018
Main sale: June 28, 2018
Soft cap: 1000 Eth
Hard cap: 35,000 Eth
Total token supply: 100,000,000
token sale website: https://gdpassport.com/token/


Author by: thiokoentjoan123

https://bitcointalk.org/index.php?action=profile;u=1091812

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