Amsterdam, Netherlands, February twenty ninth, 2024, Chainwire
Scantrust and LTO Community Partnering for Safe, Clear gadgets.
Scantrust’s modern Safe QR codes, a well known and confirmed instrument in opposition to counterfeiting, can now be used along with LTO Community’s safe, clear blockchain know-how. This enables organizations that rely upon vital paperwork and high-value, luxurious items to have extra choices to ascertain and keep a brand new degree of belief and accountability.
Any merchandise with Scantrust Safe QR codes can have their authenticity verified in a matter of seconds utilizing a cell phone. With the LTO Community, an extra, immutable digital audit path for data will be added, making a safe information anchor for presidency certificates, product and security certifications, diamond certificates, guarantee playing cards for luxurious items (e.g. watches) and some other high-value gadgets.
The LTO Community blockchain additionally helps a brand new technique to monitor provide chain data. By integrating blockchain for enhanced transparency and immutability, counterfeiters are blocked from simply faking the origin of the counterfeit gadgets they promote. In an trade affected by a $500 billion counterfeiting drawback, these instruments characterize a big step ahead in defending companies and safeguarding customers.
The choice to combine LTO Community’s know-how with Scantrust Safe QR codes is a part of a imaginative and prescient for a future the place belief is constructed into the very cloth of our transactions and trades. For Scantrust, it’s a chance to increase their attain and additional their mission of doc safety. For LTO Community, it’s about including a strong doc safety layer to their suite of privacy-focused options, providing their shoppers a complete package deal for constructing belief in in the present day’s digital world.
About LTO Community
LTO Community is a privacy-aware Layer-1 blockchain for Actual World Belongings, Knowledge Safety and Identification options.
The platform is designed for enterprise course of effectivity and safety. It combines a public layer for transparency and a personal layer for information safety, making certain GDPR and MiCA compliance. This dual-layer strategy makes it splendid for enterprises requiring information privateness and regulatory adherence.
LTO Community additionally gives tokenization of RWAs via their Ownables know-how, enabling belongings to be introduced on-chain and permitting them to work together with the world of DeFi and Web3.
LTO Community’s KYC providers assist keep compliance with anti-money laundering legal guidelines in addition to providing proof of humanity providers to guard Web3 and DeFi platforms from bots.
ltonetwork.com
About Scantrust
Scantrust helps handle and resolve counterfeit product issues, handle provide chain traceability and stock administration challenges, and offers instruments for regulatory compliance associated to product information necessities. Preserve and construct your model’s integrity, collect detailed shopper insights, and simplify your traceability regulatory compliance efforts. Be taught extra at www.scantrust.com
Contact
Shawn NaderiLTO Community BVshawn@ltonetwork.com
