Cycaltrust Co., Ltd. showcased its “Authentication System®” at the NexTech Week Tokyo 2023 [Spring] exhibition. The system is designed to combat the global menace of counterfeit products, which have led to over 515 trillion yen in damages worldwide. The company aims to use blockchain technology to authenticate items, such as luxury goods and paintings, with multisig authentication. The system is based on reading two or more chips or QR codes to verify the authenticity of a product. By using this technology, customers can immediately determine whether the products they purchased are genuine or not, and counterfeits can be eliminated from the market. Cycaltrust Co., Ltd. is committed to creating a world where counterfeit products no longer pose a threat.Generated by OpenAI
