LTO Network makes their Layer-1 blockchain available for the fight against counterfeit goods
Amsterdam, Netherlands, February twenty ninth, 2024, Chainwire
Scantrust and LTO Network Partnering for Safe, Clear gadgets.
Scantrust’s progressive Safe QR codes, a widely known and confirmed software against counterfeiting, can now be used at the side of LTO Network’s safe, clear blockchain know-how. This enables organizations that rely on crucial paperwork and high-value, luxurious goods to have extra choices to ascertain and keep a brand new stage of belief and accountability.
Any merchandise with Scantrust Safe QR codes can have their authenticity verified in a matter of seconds utilizing a cell phone. With the LTO Network, a further, immutable digital audit path for data may be added, making a safe knowledge anchor for authorities certificates, product and security certifications, diamond certificates, guarantee playing cards for luxurious goods (e.g. watches) and another high-value gadgets.
The LTO Network blockchain additionally helps a brand new strategy to monitor provide chain data. By integrating blockchain for enhanced transparency and immutability, counterfeiters are blocked from simply faking the origin of the counterfeit gadgets they promote. In an business suffering from a $500 billion counterfeiting drawback, these instruments signify a major step ahead in defending companies and safeguarding customers.
The choice to combine LTO Network’s know-how with Scantrust Safe QR codes is a part of a imaginative and prescient for a future the place belief is constructed into the very cloth of our transactions and trades. For Scantrust, it’s a possibility to increase their attain and additional their mission of doc safety. For LTO Network, it’s about including a robust doc safety layer to their suite of privacy-focused options, providing their purchasers a complete bundle for constructing belief in right now’s digital world.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Actual World Property, Knowledge Safety and Id options.
The platform is designed for enterprise course of effectivity and safety. It combines a public layer for transparency and a non-public layer for knowledge safety, making certain GDPR and MiCA compliance. This dual-layer method makes it perfect for enterprises requiring knowledge privateness and regulatory adherence.
LTO Network additionally gives tokenization of RWAs via their Ownables know-how, enabling property to be introduced on-chain and permitting them to work together with the world of DeFi and Web3.
LTO Network’s KYC companies assist keep compliance with anti-money laundering legal guidelines in addition to providing proof of humanity companies to guard Web3 and DeFi platforms from bots.
About Scantrust
Scantrust helps handle and resolve counterfeit product issues, handle provide chain traceability and stock administration challenges, and offers instruments for regulatory compliance associated to product knowledge necessities. Keep and construct your model’s integrity, collect detailed shopper insights, and simplify your traceability regulatory compliance efforts. Be taught extra at www.scantrust.com
Contact
Shawn Naderi
LTO Network BV
shawn@ltonetwork.com
