One of the most critical disasters in the economy of all developed countries is counterfeit production. Assessing the extent of the problems is very difficult, since the misuse of counterfeit goods is in the shadow of the economic situation. According to some reports, in some industries, the share of such products can be up to 40%, the budgets of countries do not receive taxes, consumers using fake products risk not only loss of money, but also reputation, health and maybe even life. The counterfeit should be divided into 3 main components:
without excisable goods
Initially, the copyright holder itself suffers, whose technology or trademark uses illegally or illegally, the budget loses taxes as a result without excise sales. In the third case, falsified products are not safe for the consumer himself.
It is clear that the plans and ways to combat these events must be different.
This is important not only for establishing a civilized market, supporting fair competition among its participants, creating a transparent source of budget funds, but also for forming an investment-attractive business environment in the country itself.
The counterfeit destroys the reputation of the rightholder's company, producing a quality product - any public scandal or investigation leads to a loss of brand confidence.
In every country and every economic union of countries there are provisions and laws aimed at combating counterfeit, but often they do not give the desired effect, or for a number of reasons do not work at all.
One of the most effective and effective way to combat the violation of property rights StopTheFakes.io.
StopTheFakes.io. is an independent service for identifying and eliminating counterfeit goods.
It is based on the Ethereum platform, and works on the basis of smart contracts using Blockchain technology.
The implemented Blockchain technology is carried out according to the OpenSource license type.
The work of the service is aimed at revealing the illegal use of logos, trademarks and trademarks. as well as violations of intellectual property rights and counterfeit products.
StopTheFakes.io. is available to users from any country and has no territorial restrictions. The platform uses its own token - STFCoin. It is possible to exchange tokens for crypto currency or any other currency. This can be done both on the service and on the exchange.
The price of the token is 2400 STFCoin - 1 Ethereum.
Given that the counterfeit market has huge volumes and turnover, and the current ways of dealing with them are of little significance, one can count on the rapid and highly effective development of the site.