Why Counterfeit Products Are Ruining Ecommerce Blockchain

Last Updated on April 1, 2024 by Paganoto

Get Real: Preventing Counterfeit Product with Blockchain

Counterfeiting has an extensive negative impact, leading to product recalls, lawsuits, consumer injuries, loss of sales, loss of consumer trust …

Stamping Out Counterfeit Goods with Blockchain and IoT

Our research found that electronics and technology companies lose between 4% and 7% of revenue annually to counterfeit transactions.

E-commerce Meets Web3 – How eNFTs Are Beating Counterfeits

These counterfeits ruin brand trust and oftentimes customer loyalty, leading to decreased revenue, retention rate, and Life-Time-Value (LTV) …

Technology isn't everything when it comes to containing …

While blockchain is increasingly used as a certification tool, it still isn’t sufficient enough against counterfeit goods. Luxury brands also need to ensure …

Are you running an e-commerce platform? You will stumble …

Counterfeit destroys a brand’s value and image. The destruction can break down an eCommerce site. You cannot treat your customers like a revenue …

Managing the Product-Counterfeiting Problem with a … – MDPI

by J Jiang · 2021 · Cited by 1 — Further, for a price-sensitive market, a retailer tends to trade in a blockchain-supported e-commerce platform if the retailer’s qualification …

Antecedents of Blockchain-Enabled E-commerce Platforms …

by G Jain · 2022 — Nevertheless, buying secondhand apparel comes with a risk of counterfeiting and authenticity of the products. Blockchain can be an effective technology for …

Why Shopify Stores Need the Blockchain – Real Items

Counterfeit products are everywhere. They plague brick and mortar businesses and even haunt e-commerce platforms such as Shopify, Amazon, …

How Blockchain, Smart Tags Are Tackling Counterfeit Goods

The pandemic has ruptured the global supply chain, providing counterfeiters with an opportunity to flood the market with fake products to meet …

What are the biggest impacts of counterfeits on brands?

Distributors, retailers and other partners working with companies will often lose trust in legitimate businesses due to the actions of counterfeiters.

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.