Amsterdam, Netherlands, February twenty ninth, 2024, Chainwire
Scantrust and LTO Network Partnering for Safe, Clear gadgets.
Scantrust’s progressive Safe QR codes, a well known and confirmed device in opposition to counterfeiting, can now be used along side LTO Network’s safe, clear blockchain expertise. This enables organizations that rely on important paperwork and high-value luxurious items to have extra choices to determine and preserve 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, an extra, immutable digital audit path for info might be added, making a safe information anchor for presidency certificates, product and security certifications, diamond certificates, guarantee playing cards for luxurious items (e.g. watches) and another high-value gadgets.
The LTO Network blockchain additionally helps a brand new option to monitor provide chain info. By integrating blockchain for enhanced transparency and immutability, counterfeiters are blocked from simply faking the origin of the counterfeit gadgets they promote. In an trade suffering from a $500 billion counterfeiting drawback, these instruments signify a major step ahead in defending companies and safeguarding shoppers.
The choice to combine LTO Network’s expertise with Scantrust Safe QR codes is a part of a imaginative and prescient for a future the place belief is constructed into the very material of our transactions and trades. For Scantrust, it is a possibility to broaden its attain and additional its mission of doc safety. For LTO Network, it is about including a robust doc safety layer to their suite of privacy-focused options, providing their shoppers a complete package deal for constructing belief in at present’s digital world.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Actual World Property, Information 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 information safety, making certain GDPR and MiCA compliance. This dual-layer strategy fits enterprises requiring information privateness and regulatory adherence.
LTO Network additionally provides tokenization of RWAs by means of their Ownables expertise, enabling belongings to be introduced on-chain and permitting them to work together with the world of DeFi and Web3.
LTO Network’s KYC providers assist preserve compliance with anti-money laundering legal guidelines and supply proof of humanity providers to guard Web3 and DeFi platforms from bots.
About Scantrust
Scantrust helps handle and resolve counterfeit product issues, addresses provide chain traceability and stock administration challenges, and supplies instruments for regulatory compliance associated to product information 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
LTO Network’s new partnership to struggle in opposition to counterfeit items.
Shawn Naderi
LTO Network BV
[email protected]
