via Lancaster University
First ever demo of patented technology via a smartphone app aims to eliminate counterfeiting.
Counterfeit products are a huge problem – from medicines to car parts, fake technology costs lives.
Every year, imports of counterfeited and pirated goods around the world cost nearly US $0.5 trillion in lost revenue. Counterfeit medicines alone cost the industry over US $200 billion every year. They are also dangerous to our health – around a third contain no active ingredients, resulting in a million deaths a year.
And as the Internet of Things expands, there is the need to trust the identity of smart systems, such as the brake system components within connected and driverless cars.
But researchers exhibiting at the Royal Society’s Summer Science Exhibition (4 – 9 July 2017) believe we are on the verge of a future without fakes thanks to new quantum technology developed by a team at Lancaster University.
Whether aerospace parts or luxury goods, the researchers say their new technology will make counterfeiting impossible.
The scientists have created unique atomic-scale ID’s based on the irregularities found in 2D materials like graphene.
On an atomic scale, quantum physics amplifies these irregularities, making it possible to ‘fingerprint’ them in simple electronic devices and optical tags.
The team from Lancaster University and spin-out company Quantum Base will be announcing their new patent in optical technology to read these imperfections at their “Future without Fakes” exhibit at the Royal Society’s Summer Science Exhibition (opens today, 3rd July 2017).
For the first time, the team will be showcasing this new technology via a smartphone app which can read whether a product is real or fake, and enable people to check the authenticity of a product through their smartphones.
The customer will be able to scan the optical tag on a product with a smartphone, which will match the 2D tag with the manufacturer’s database.
This has the potential to eradicate product counterfeiting and forgery of digital identities, two of the costliest crimes in the world today.
This patented technology and the related application can be expected to be available to the public in the first half of 2018, and it’s potential to fit on any surface or any product allows the technology to be used worldwide.
Professor Robert Young of Lancaster University, world leading expert in quantum information and Chief scientist at Quantum Base says: “It is wonderful to be on the front line, using scientific discovery in such a positive way to wage war on a global epidemic such as counterfeiting, which ultimately costs both lives and livelihoods alike”.
Learn more: A future without fakes thanks to quantum technology
The Latest on: Counterfeiting
- Live from AIPIA: QR Code Accesses Baby Formula’s ‘Grass-to-Glass’ Journeyon November 29, 2019 at 11:08 pm
As global supply chains become increasingly complex and are at risk of counterfeiting, the need to ensure food safety standards has never been higher. Brands must have full visibility from ingredients ...
- Fantom Partners with Afghan Government on Blockchain-based Solution for Public Healthon November 28, 2019 at 12:14 pm
These include detecting counterfeit drugs, along with creating blockchain-based hospital medical records and electronic patient healthcare records. Counterfeiting in the pharmaceutical sector is a ...
- PR: New anti-counterfeiting security technology wins at international holography awardson November 28, 2019 at 8:23 am
An advanced optical anti-counterfeiting solution for banknotes has won at the Excellence in Holography Awards 2019, organised by the industry trade body International Hologram Manufacturers ...
- Sherman PD seeks counterfeiting, card theft suspectson November 26, 2019 at 7:16 pm
Sherman Police are asking for the public's help in identifying three suspects wanted in connection with separate counterfeiting and card theft cases. In social media posts published this week, the ...
- Akerna Makes $18M Investment in Anti-Counterfeiting Technology Leader solo scienceson November 26, 2019 at 4:29 pm
See how it works: https://hubs.ly/H0lW74R0 solo sciences tech platform is complementary to Akerna’s software platforms and is driving consumer safety through its anti-counterfeiting technology and ...
- VerifyMe Launches Counterfeit Prevention Solution for Amazon Retailers to Address Trump Administration's Counterfeiting Concernson November 26, 2019 at 4:30 am
VerifyMe Chief Executive Officer Patrick White, commented, "We concur fully with the Trump administration's warnings concerning the massive dangerous counterfeiting problems facing consumers all ...
- Counterfeiting Suspects Arrested By Trussville Policeon November 22, 2019 at 2:12 pm
Two suspects have been arrested in connection with counterfeit money. (Renee Schiavone/Patch) TRUSSVILLE, AL — Two people were arrested in Trussville Thursday in connection with counterfeit money ...
- Verified counterfeiting of protected vegetal variety "Ambrosia"on November 22, 2019 at 5:00 am
Rivoira Giovanni & Figli S.p.A., in its quality of exclusive licensee for Europe of the protected vegetal variety "Ambrosia" and of related trademarks, and VI.P coop. soc. agricola, in its quality of ...
- Four held for being part of gang counterfeiting currencyon November 21, 2019 at 12:57 am
Four suspects have been arrested for being part of a gang counterfeiting currency. The men, of African nationalities, duped their victims by promising to provide foreign currency for investments, the ...
- Kenya steps up war against illicit trade & this is how much counterfeiting cost the countryon November 21, 2019 at 12:21 am
Counterfeiting and other forms of illicit trade cost Kenya billions of shillings and a sensitization program targeting counties to combat the vice was recently launched in the country. Deputy Director ...
via Google News and Bing News