Amsterdam, Netherlands, February 29, 2024, Chainwire
Scantrust and LTO Network Partnering for secure, transparent items.
from Scantrust innovative Secure QR codes, a well-known and proven anti-counterfeiting tool, can now be used in combination with LTO network secure, transparent blockchain technology. This gives organizations that rely on critical documents and high-end luxury goods additional opportunities to build and maintain a new level of trust and accountability.
Any item with Scantrust Secure QR codes can have its authenticity verified in seconds using a mobile phone. The LTO network allows for the addition of an additional, immutable digital audit trail for information, creating a secure data anchor for government certificates, product and safety certifications, diamond certificates, warranty cards for luxury goods (e.g. watches) and other valuable goods. articles.
The LTO Network blockchain also supports a new way to track supply chain information. Integrating blockchain for greater transparency and immutability will prevent counterfeiters from easily falsifying the provenance of the counterfeit items they sell. In an industry plagued by a $500 billion counterfeiting problem, these tools represent an important step forward in protecting businesses and consumers.
The option to integrate LTO Network’s technology with Scantrust Secure QR codes is part of a vision for a future where trust is built into the fabric of our transactions and dealings. For Scantrust, it is an opportunity to expand their reach and further their mission in document security. For LTO Network, it’s about adding a powerful document security layer to their suite of privacy-focused solutions, providing their customers with a comprehensive package for building trust in today’s digital world.
About LTO network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security and Identity solutions.
The platform is designed for efficiency and security of business processes. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This two-tiered approach makes it ideal for enterprises that require data privacy and regulatory compliance.
LTO Network also offers tokenization of RWAs through their Ownables technology, allowing assets to be brought on-chain and interact with the world of DeFi and Web3.
LTO Network’s KYC services help maintain compliance with anti-money laundering laws and provide proof of humanity services to protect Web3 and DeFi platforms from bots.
About Scantrust
Scantrust helps manage and resolve counterfeit product issues, address supply chain traceability and inventory management challenges, and provides regulatory compliance tools for product data requirements. Maintain and build the integrity of your brand, gather detailed consumer insights, and simplify your traceability compliance efforts. More information at www.scantrust.com
Contact
Shawn Naderi
LTO Network BV
shawn@ltonetwork.com