Anti-Counterfeiting Technologies
Assuming that the general concept of parallel importation, both legal and illegal, is common knowledge, one would like to discuss the growth of technologies which seek to provide fool-proof mechanisms against counterfeit products. The need for such technologies is driven by the fact that the counterfeit market is valued at $500 billion and costs the government exchequer a sizable amount. It is estimated that 7% of the world trade is in counterfeit goods. Music, software and luxury goods suffer heavily,…
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