LTO Network’s Layer-1 Blockchain Made Available To Combat Counterfeit Goods

LTO Network’s transparent, safe blockchain technology may now be utilized with Scantrust’s cutting-edge Secure QR codes, a well-known and effective deterrent to counterfeiting. This allows businesses to create and uphold a new standard of trust and responsibility, especially those that rely on important documents and expensive luxury goods.

With a smartphone, the legitimacy of any item bearing Scantrust Secure QR codes may be quickly confirmed. A secure data anchor for government certificates, product and safety certifications, diamond certificates, warranty cards for luxury products (like watches) and other high-value items can be created with the LTO Network by adding an unchangeable digital audit trail for information.

The blockchain of the LTO Network also supports a novel method of tracking supply chain data. Counterfeiters are prevented from easily fabricating the origin of the counterfeit goods they sell by incorporating blockchain for increased transparency and immutability. These instruments mark a major advancement in protecting consumers and businesses in a sector beset by a $500 billion counterfeiting crisis.

A future where trust is woven into every aspect of our trades and transactions includes the opportunity to combine LTO Network’s technology with Scantrust Secure QR codes. Scantrust sees it as a chance to broaden their clientele and advance their document security goals. LTO Network hopes to provide their clients with a full package for establishing trust in the modern digital environment by including a robust document security layer in their range of privacy-focused solutions.