Counterfeiting News

The counterfeit business is thriving, while genuine businesses are suffering greatly. According to one report, counterfeit goods cost the global economy an estimated $323 billion in 2018. As stated by Forbes, counterfeiting is the world’s largest illegal industry. By 2022,…

The European Union (EU) is working on a project to combat counterfeiting and forgery that incorporates blockchain architecture and non-fungible tokens (NFTs).