The Currency Analytics
By Maheen Hernandez
Cardano ADA – Explicit Capabilities in Authentication and Counterfeiting
Charles Hoskinson recently spoke about anti-counterfeiting. How are we going to develop hardware based on basically any counterfeiting solution?
The clarification is about the work that Cardano is doing at the Wyoming Lab concerning and authentication and anti-counterfeiting.
He started off the White Board application stating, “Let’s say you have got a handbag.” He further stated that the handbag lives in a supply chain.
And, where you can introduce anti-counterfeit solutions is an open question. Generally speaking, it is not standardized amongst all these different retailers.
Because the factories that manufacture the luxury good in some cases, they run additional shifts even if they are not supposed to, and they are likely to manufacture counterfeit…
And, there are all kinds of really cool ideas and techniques that people prop with. The things that I have just mentioned there are serials codes and inks and holographic tags…
Sydney Ifergan, the crypto expert, tweeted: "Cardano (ADA) differentiates early generation stuff from new generation tactics that we need to hold fight counterfeit.
The early generation stuff to help keep counterfeiting even the sophisticated ones that are around for the past 15 years are not consumer-friendly.