HomeAltcoinsIntroducing IOTA's New Patent to Fight Product Fakes: A Game-Changer.

Introducing IOTA’s New Patent to Fight Product Fakes: A Game-Changer.

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  • IOTA technology is changing the way we fight against fake products with a new patent from ZF Group.
  • This new idea will help keep track of and check on products as they move through the supply chain, making sure they are real.

Fraunhofer researchers say that product piracy really hurts companies, buyers, and economies. This results in producers losing customers and having a bad reputation, while consumers may end up using products that are not safe or not good quality. The wider effects include less money spent on investing, people losing jobs, and less money collected in taxes, which makes the economy less stable.

IOTA technology is a good solution for this problem, and a big company called ZF Corporation just got a new patent to prove it. In my tweet, I’m pointing out how important it is that ZF is using IOTA and Shimmer technology to make sure supply chains are authentic. This could change how safe transportation is.

🔍🔥💪🏻 @ZF_Group’s new patent mentioning #IOTA is a game-changer, ensuring originality throughout the supply chain. With approximately 165,000 employees worldwide, ZF reported €43.8 billion in sales for fiscal 2022, operating 168 production locations across 32 countries. This… pic.twitter.com/LDQdiCyXCx

— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) December 8, 2023

As CNF recently said, ZF’s big business and lots of sales show that IOTA is very capable.

ZF has a patent that uses IOTA to make it easier to track and verify real parts. This is meant to keep products safe and stop fake goods from being made. This shows that IOTA has the potential to change supply chains and stop piracy. Piracy causes a lot of money to be lost by businesses every year. The problem is really bad in places with a lot of factories. Sometimes, up to 5% of the things brought into these places are fake, which can make people not trust the products and not be safe.

IOTA helps with stopping piracy, managing traffic, keeping digital identities safe, and making international trade documents easier to use.

The price of IOTA is now about $0. 249, which has gone up by 2. 5% in the last week. This shows that more people are interested in using it to keep digital transactions and supply chains safe.

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