Blockchain technology is well known for its use in cryptocurrency. However, there are other properties of the blockchain technology that can be used to mitigate counterfeited goods. It could be used to authenticate items. The questions it answers are: “Who is the manufacturer?” “Who is authorized to sell it?” “When was it produced?” “Is the store an authorized reseller?”
Problem: About $500 billion/year counterfeit goods are marketed in the world.
Solution: A blockchain technology to make it easy to know who the real manufacturer is.
Problem: People carry needlessly too many IDs and Credit Cards in their wallets. Fear of losing essential items.
Solution: Use Blockchain technology to create one identity that allows wallets with no more driver’s license ID, no more bank or credit card plastics, and no more membership IDs. No more need to carry multiple cards or IDs.
Problem: Over 1.2 Billion people travel internationally around the world, and bags do get lost.
Solution: Blockchain technology ensures that the travel bags are identified - who owns it, email address, phone numbers, identity info (as much as the owner wishes to reveal).
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