A belated spotlight: the trade in fakes

The OECD, the industrialised world’s think-tank, will today publish its first comprehensive study since 2009 of the trade in counterfeit and pirated goods. The illicit industry is bound to have expanded in the past seven years: trade of all kind has grown as the world has recovered from the financial crisis. The key thing to watch for will be whether commerce in counterfeit products (which infringe trademarks) and pirated merchandise (which violates copyright) has risen as a proportion of the total. That is likely, because the global economy is increasingly knowledge-based. Using the outdated 2009 figures, another OECD study last year concluded that the trade in fakes—everything from rip-offs of Microsoft software to sham cancer therapies—was almost the world’s most profitable criminal activity, with revenues of $250 billion (outstripped only by narcotics). By comparison, illegal trade in small arms and light weapons is worth just $1 billion.

See the full post click the link below.

https://espresso.economist.com/283da0d35b27c17a1647ba1c4cc4421e

Here is the interview we did with Leo Petersen-Khmelnitski of Digital Assets Live discussing how we deployed a #blockchain based aircraft parts tracking and #anticounterfeiting solution, with SecureMarking and Lisa Butters from Honeywell Aerospace, in only 8 weeks. It highlights some of the challenges and benefits of using #blockchain in this kind of production application.  https://digitalasset.live/2020/01/20/itrace-mark-manning-interview/ […]

Original Article iTRACE Technologies, Inc., a leading provider of supply chain security applications for anti grey market and anti counterfeit, announced today the release of 2DMI® on Android for mobile blockchain authentication, track and trace. REDWOOD CITY, CALIF. (PRWEB) JANUARY 07, 2020 iTRACE helps brands fight the issues of counterfeit, grey market, diversion and production overrun […]

https://www.honeywell.com/en-us/newsroom/pressreleases/2019/12/honeywell-itrace-and-securemarking-combat-counterfeit-activity-in-aerospace-with-blockchain Blockchain technology and two-factor authentication will digitize Honeywell Aerospace parts to help ensure authenticity December 17, 2019 ATLANTA, Dec. 17, 2019 /PRNewswire/ — Honeywell (NYSE: HON) is working with iTRACE and SecureMarking to bring transparency and increased security to the e-commerce market of aerospace products via blockchain technology. This first-of-its-kind process in the aerospace market will greatly simplify the complex regulatory […]

From the Honeywell GoDirect Trade blog of Lisa Butters https://www.godirecttrade.com/blog/post/counterfeit/ Anti-counterfeit technology isn’t just for hundred dollar bills. One of the most important ingredients to successful innovation is the ability to connect the dots. In essence, the ability to connect what you know with something that, on the surface, doesn’t necessarily look at all related. […]

https://blogs.oracle.com/scm/5-elements-of-a-successful-supply-chain-provenance-strategy The Supply Chain Management Blog covers the latest in SCM strategy, technology, and innovation. October 16, 2019 5 Elements of a Successful Supply Chain Provenance Strategy Guest Author By Daniel Stanton and Mark Manning Advances in digital commerce and international logistics have transformed our supply chains. But while today’s global marketplaces have created many […]

Baker McKenzie has partnered with iTRACE Technologies, Inc., a leading provider of secure anti-counterfeit and supply chain security solutions for brand owners, to deliver a new solution for clients looking to secure their products and supply chains against counterfeiting. iTRACE’s innovative “2DMI” technology helps companies secure their products and supply chains from manufacturer to retail, providing […]