IBM Scan-Tech Uses AI & Blockchain To Prevent Counterfeiting

IBM Scan-Tech Uses AI & Blockchain To Prevent Counterfeiting
Banks, Insurance & Financial Services

Called the Crypto Anchor Verifier, the device can be used with a cell phone camera, and showcases new possibilities for blockchain applications from the tech company

Kim Windyka
  • 28 may 2018

IBM’s new handheld innovation, the Crypto Anchor Verifier, is not only able to confirm the legitimacy of items like precious stones, olive oil and wine, but can also gauge the quality of water—it’s even capable of picking up bacteria like E. coli. The technology uses a combination of optical imaging and AI that recognizes the distinctive patterns of each object to determine its characteristics and how it differs from other similar items.

Able to be implemented with a mobile phone camera, the Crypto Anchor Verifier can also be used in conjunction with blockchain applications, which help to ensure the integrity and authenticity of goods as they move throughout the entire supply chain. In April, IBM announced that it would be using the blockchain to assess the origin of diamonds. In addition to use in the consumer goods industry, the Verifier’s ability to identify medications and determine water health also has the potential to be utilized in nonprofit and humanitarian settings.

IBM

IBM’s new handheld innovation, the Crypto Anchor Verifier, is not only able to confirm the legitimacy of items like precious stones, olive oil and wine, but can also gauge the quality of water—it’s even capable of picking up bacteria like E. coli. The technology uses a combination of optical imaging and AI that recognizes the distinctive patterns of each object to determine its characteristics and how it differs from other similar items.

+AI
+AI
+alcohol
+blockchain
+consumer goods
+cryptocurrency
+Fashion
+Food
+Grocery
+IBM
+Innovation
+mobile
+retail
+technology

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