How Acviss Is Helping Brands Fight Counterfeiting Via Blockchain

Counterfeiting is an age-old hazard for businesses. It hampers the revenue flow and causes financial losses. The reputational damage it causes to brands is even bigger.

Pirates are a big threat to businesses even in today’s age of non-fungible tokens (NFTs) and digital currencies. While technology is smart, scamsters are getting smarter with equal finesse. Look at NFTs. The very concept of NFTs is uniqueness and non-fungible. However, fraudsters often find a way around it to deceive gullible victims.

Counterfeits are rampant in pharma,…