DEVERY.IO- DEVELOPING OPEN-SOURCE PRODUCT VERIFICATION PROTOCOL USING BLOCKCHAIN TECHNOLOGY.
Do you no that according to a joint report by OECD and EUIPO, nearly half a trillion is lost every year due to counterfeit and pirated goods? Amounting to about 2.5% of the total global imports. USA and European Nations are the most affected region. And of alarming is the fact that these figure has been increasing on a geometrical progression on yearly basis. see table bellow for further clearification. PROBLEM IDENTIFIED. No doubt the lack of authentic product verification and tracking system has created a complex problem to the global business community, these aforementioned problem is not only peculiar to manufactures alone but a minance to everyone involved in the trading cycle, which include but the following: the buyer's, the salers, the physical store, the ecommerce store, all losing their money. PLEASE PERMIT ME TO EXPLAIN HOW THESE RESULTS TO A LOSE TO ALL THE PARTIES AND WHY WE SAY THAT THE ACTIVITIES OF PIRATES AND COUNTERFEITING OF PRODUCT IS A THREAT TO OUR G...