Bonafi Supply Chain Blockchain Company - Fighting Counterfeit Goods

Originally published on Straight Off the Ledger on March 7, 2018: ORIGINAL ARTICLE

Just a couple of years back it seemed that getting rid of the plague of counterfeit was not possible. However, the Bonafi (formerly known as Group Project), a blockchain based solution to get rid of counterfeiting in the fashion industry, seems to have found the answer to the problem. This Los Angeles, CA based company has come up with an ingenious solution in the form of Crypto-Tag™. The blockchain based system seems very promising and a practical solution to the counterfeiting problem.

Counterfeiting haunts the fashion industry like a scary monster. To make it worse, this monster is getting bigger with time. All over the world, apparel fashions are fighting a hard battle with fakes. The more popular and bigger a brand is, the more it is counterfeited. This is one area where small businesses can enjoy the luxury of not seeing their profits flying away. Here is a list of the 10 most counterfeited brands of the world…

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HOW WE’RE FIGHTING COUNTERFEITS

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