Transparency is the key element of blockchain technology. It enables peer-to-peer transactions, whereby even the smallest change is recorded within the blocks.
Anyone can view the transactions that have taken place on the blockchain and therefore there is no possibility of fraud or creating fakes. In addition to this, the customer can verify the authenticity of the product and its history, such as the date of production and other information that could influence their purchase decision.
In this way, it will not be possible to buy counterfeit and fake items and the manufacturer will be able certify the origin of the product and track and trace every
single raw component. The technology also enables real-time and precise take-down of possible counterfeits for probatory evidence in view to successfully claim the copyrights and the industrial property rights and act in proper legal courts.