LTO Network Makes Their Layer-One Blockchain Available for the Fight Against Counterfeit Goods – Crypto News – Crypto News
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LTO Network Makes Their Layer-One Blockchain Available for the Fight Against Counterfeit Goods LTO Network Makes Their Layer-One Blockchain Available for the Fight Against Counterfeit Goods

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LTO Network Makes Their Layer-One Blockchain Available for the Fight Against Counterfeit Goods – Crypto News

Published

1 year ago

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February 29, 2024 – Amsterdam, Netherlands

Scantrust and LTO Network partner for secure, transparent items.

Scantrust’s innovative ‘Secure QR codes,’ a well-known and proven tool against counterfeiting, can now be used in conjunction with LTO Network’s secure, transparent blockchain technology.

This allows organizations that depend on critical documents and high-value, luxury goods to have additional options to establish and maintain a new level of trust and accountability.

Any item with Scantrust Secure QR codes can have their authenticity verified in a matter of seconds using a mobile phone.

With the LTO Network, an additional, immutable digital audit trail for information can be added, creating a secure data anchor for government certificates, product and safety certifications, diamond certificates, warranty cards for luxury goods (e.g., watches) and any other high-value items.

The LTO Network blockchain also supports a new way to track supply chain information.

By integrating blockchain for enhanced transparency and immutability, counterfeiters are blocked from easily faking the origin of the counterfeit items they sell.

In an industry plagued by a $500 billion counterfeiting problem, these tools represent a significant step forward in protecting businesses and safeguarding consumers.

The option to integrate LTO Network’s technology with Scantrust Secure QR codes is part of a vision for a future where trust is built into the very fabric of our transactions and trades.

For Scantrust, it’s an opportunity to expand their reach and further their mission of document security.

For LTO Network, it’s about adding a powerful document security layer to their suite of privacy-focused solutions, offering their clients a comprehensive package for building trust in today’s digital world.

About LTO Network

LTO Network is a privacy-aware layer-one blockchain for RWAs (real-world assets), data security and identity solutions.

The platform is designed for business process efficiency and security.

It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance.

This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.

LTO Network also offers tokenization of RWAs through their ‘Ownables’ technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web 3.0.

LTO Network’s KYC (Know-Your-Customer) services help maintain compliance with anti-money laundering laws as well as offering Proof of Humanity services to protect Web 3.0 and DeFi platforms from bots.

Learn more at the website.

About Scantrust

Scantrust helps manage and resolve counterfeit product problems, address supply chain traceability and inventory management challenges and provides tools for regulatory compliance related to product data requirements.

Maintain and build your brand’s integrity, gather detailed consumer insights, and simplify your traceability regulatory compliance efforts.

Learn more at the website.

Contact

Shawn Naderi, LTO Network

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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