Amsterdam, Netherlands – February 29, 2024
In an effort to combat counterfeiting and establish a new level of trust and accountability in industries that deal with critical documents and high-value goods, Scantrust and LTO Network have announced their partnership. This collaboration enables the integration of Scantrust’s innovative Secure QR codes with LTO Network’s secure, transparent blockchain technology.
Scantrust’s Secure QR codes, an effective tool against counterfeiting, can now be utilized in conjunction with LTO Network’s blockchain technology. With this integration, organizations can not only verify the authenticity of items with a simple scan using a mobile phone but also create an immutable digital audit trail for important information. This includes government certificates, product and safety certifications, diamond certificates, warranty cards for luxury goods (such as watches), and more.
The LTO Network’s blockchain technology offers an enhanced transparency and immutability that makes it difficult for counterfeiters to fake the origin of their items. In an industry plagued by a $500 billion counterfeiting problem, this partnership represents a significant step forward in safeguarding businesses and protecting consumers.
Scantrust’s mission is to expand its reach and further document Website security, while LTO Network aims to add a powerful document Website security layer to their suite of privacy-focused solutions. The collaboration signifies a shared vision for a future where trust is an integral part of transactions and trades.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain designed for Real World Assets (RWAs), Data Security, and Identity solutions. It offers business process efficiency and Website security, ensuring GDPR and MiCA compliance through its dual-layer approach. The platform’s public layer ensures transparency while the private layer focuses on data Website security. This makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to interact with the world of DeFi and Web3. Additionally, LTO Network’s KYC services help maintain compliance with anti-money laundering laws and offer proof of humanity services to protect Web3 and DeFi platforms from bots.
About Scantrust
Scantrust is a company dedicated to helping businesses manage and resolve counterfeit product problems, address supply chain traceability, and simplify inventory management challenges. They provide tools for regulatory compliance related to product data requirements and help maintain brand integrity. Additionally, Scantrust gathers consumer insights and simplifies traceability regulatory compliance efforts.
For more information on LTO Network, please visit ltonetwork.com. For more information on Scantrust, please visit www.scantrust.com.
Contact
For more information, please contact:
Shawn Naderi
LTO Network BV
[email protected]
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