First ever demo of patented technology via a smartphone app aims to eliminate counterfeiting.
Counterfeit products are a huge problem – from medicines to car parts, fake technology costs lives.
Every year, imports of counterfeited and pirated goods around the world cost nearly US $0.5 trillion in lost revenue. Counterfeit medicines alone cost the industry over US $200 billion every year. They are also dangerous to our health – around a third contain no active ingredients, resulting in a million deaths a year.
And as the Internet of Things expands, there is the need to trust the identity of smart systems, such as the brake system components within connected and driverless cars.
But researchers exhibiting at the Royal Society’s Summer Science Exhibition (4 – 9 July 2017) believe we are on the verge of a future without fakes thanks to new quantum technology developed by a team at Lancaster University.
Whether aerospace parts or luxury goods, the researchers say their new technology will make counterfeiting impossible.
The scientists have created unique atomic-scale ID’s based on the irregularities found in 2D materials like graphene.
On an atomic scale, quantum physics amplifies these irregularities, making it possible to ‘fingerprint’ them in simple electronic devices and optical tags.
The team from Lancaster University and spin-out company Quantum Base will be announcing their new patent in optical technology to read these imperfections at their “Future without Fakes” exhibit at the Royal Society’s Summer Science Exhibition (opens today, 3rd July 2017).
For the first time, the team will be showcasing this new technology via a smartphone app which can read whether a product is real or fake, and enable people to check the authenticity of a product through their smartphones.
The customer will be able to scan the optical tag on a product with a smartphone, which will match the 2D tag with the manufacturer’s database.
This has the potential to eradicate product counterfeiting and forgery of digital identities, two of the costliest crimes in the world today.
This patented technology and the related application can be expected to be available to the public in the first half of 2018, and it’s potential to fit on any surface or any product allows the technology to be used worldwide.
Professor Robert Young of Lancaster University, world leading expert in quantum information and Chief scientist at Quantum Base says: “It is wonderful to be on the front line, using scientific discovery in such a positive way to wage war on a global epidemic such as counterfeiting, which ultimately costs both lives and livelihoods alike”.
The Latest on: Counterfeiting
- Unleashing the Power of AI to Fight Bad Faith Trademark Registrationson August 6, 2022 at 9:15 am
Summer has been historically associated with celebrating the enactment of the Trademark Act of 1946 (the “Lanham Act”). Accordingly, Congress now annually introduces resolutions celebrating July, ...
- Pair arrested with B18m in fake US billson August 6, 2022 at 4:04 am
Bogus $100 bills believed printed on press that vanished after counterfeiting bust last year Police have arrested two men with 18 million baht worth of counterfeit US currency, which they suspect ...
- Mercedes Expands Anti-Counterfeiting Measures After 1.8M Illegal Parts Seized In 2021on August 6, 2022 at 3:14 am
Mercedes is warning, though, that you might not want to. The automaker reports that in 2021 alone, authorities seized more than 1.86 million counterfeit Mercedes-Benz products in more than 650 raids.
- Safeguarding African Brands against Counterfeitingon August 3, 2022 at 4:59 pm
Raheem Akingbolu writes on how counterfeiting is killing African businesses and economies and how a brand protection and anti-counterfeiting firm is taming the ugly menace Today’s marketplace is ...
- MarqVision grabs $20M to nab counterfeiters with an AI-powered IP protection platformon August 2, 2022 at 9:25 pm
Clothes, accessories and luxury goods are the most popular product items for counterfeiting. MarqVision has a solution.
- Anti-counterfeiting Packaging Market Latest Trends, Size, Key Players, Revenue and Forecast 2028on August 2, 2022 at 7:03 am
The Global Anti-counterfeiting Packaging Market is forecasted to register a CAGR of 12.5% during the forecast period 2022 ...
- The Global Impact Of Counterfeiting And Solutions To Stop Iton August 2, 2022 at 4:00 am
Counterfeiting remains a serious threat to global brands, but emerging technologies are creating solutions to better protect against theft.
- Pharmaceutical Anti-Counterfeiting Technologies Market Size, Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growthon August 2, 2022 at 12:59 am
Kenneth Research recently added a report on Pharmaceutical Anti-Counterfeiting Technologies Market in its database ...
- Potomac man get 27 months for counterfeitingon August 1, 2022 at 12:10 pm
Jul. 26—URBANA — Jacob R. Kirkley, 45, of Potomac, has been sentenced to 27 months in the Federal Bureau of Prisons for counterfeiting U.S. currency and passing counterfeit U.S. currency.
- Lumenco, Experts in Anti-Counterfeiting Micro-Optics, Launches Equity Crowdfunding Campaignon July 29, 2022 at 10:46 am
Lumenco Inc., a diversified tech company specializing in micro-optics and anti-counterfeiting systems, has launched an equity crowdfunding campaign. Founded in 2012, Lumenco began as a banknote ...
via Google News and Bing News