Blockchain specialists Tell Congress however Crypto school will Combat the Flow of Counterfeit product

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Leveraging blockchain technology will facilitate improve offer chain management and shipping in addition as facilitate defend u. s. corporations from pirated merchandise shipped from alternative countries that area unit inflicting unfair competition and disrupting markets.

This claim emerged from shows and testimonies from consultants UN agency spoke at the general assembly hearing of the u. s. commission on Oversight and commission on analysis and Technology on Tuesday. The hearing targeted on investment blockchain technology to boost offer chain management and to combat counterfeit product like medicines and children’s merchandise.

Ralph Abraham, chairman of the oversight commission highlighted in his gap sentiments that “leveraging blockchain technology” might facilitate “improve offer chain management and combat counterfeit” product. He aforementioned blockchain technology may benefit each the personal and public sectors despite issues around overregulation of the technology.

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