LTO Network Provides Layer 1 Blockchain to Fight Counterfeits – Blockchain News, Opinion, TV & Careers

adminFebruary 29, 2024

Amsterdam, Netherlands, February 29, 2024, Chainwire

Scantrust and LTO Network partnership for safe and transparent items.

Well-known and proven anti-counterfeiting tools, Scantrust’s innovative secure QR codes are now available for use with the LTO Network’s secure and transparent blockchain technology. This gives organizations that rely on sensitive documents and high-value luxury goods additional options to establish and maintain new levels of trust and accountability.

Any item with a Scantrust Secure QR code can be authenticated in seconds using your phone. The LTO Network allows you to create secure data anchors for government certificates, product and safety certificates, diamond certificates, warranty cards for luxury goods (e.g. watches), and other high-value items by adding an immutable additional digital audit trail for your information. . item.

The LTO Network blockchain also supports new ways to track supply chain information. By incorporating blockchain to enhance transparency and immutability, we block counterfeiters from easily falsifying the origin of the counterfeit goods they sell. In an industry grappling with the $500 billion counterfeit problem, these tools represent a significant step forward in protecting businesses and consumers.

The option to integrate LTO Network’s technology with Scantrust Secure QR codes is part of our vision for a future where trust is built into the very fabric of transactions. For Scantrust, this is an opportunity to expand its reach and further strengthen its document security mission. For LTO Network, adding a powerful layer of document security to our suite of privacy-focused solutions provides our customers with a comprehensive package for building trust in today’s digital world.

Introduction to LTO Network

The LTO Network is a privacy-preserving layer 1 blockchain for real-world assets, data security, and identity solutions.

This platform is designed for business process efficiency and security. Combining a public layer for transparency and a private layer for data security ensures GDPR and MiCA compliance. This dual-tiered approach is ideal for enterprises that require data privacy and compliance.

LTO Network also offers tokenization of RWA through proprietary technology, allowing assets to be brought onto the chain and interact with the DeFi and Web3 worlds.

LTO Network’s KYC service not only helps comply with anti-money laundering laws, but also provides proof of humanity services to protect Web3 and DeFi platforms from bots.

ltonetwork.com

Introduction to ScanTrust

Scantrust provides tools to manage and resolve counterfeit product issues, address supply chain traceability and inventory management issues, and ensure regulatory compliance related to product data requirements. Maintain and build the integrity of your brand, gather detailed consumer insights, and simplify traceability compliance efforts. Learn more at www.scantrust.com.