Brands, Designers, artisans and consumers all lose both tangible and intangible value of their products because of the counterfeit industry. Luxury Brands are losing $30.3 Billion annually they also lose brand exclusivity, brand value and their customers often get scammed with counterfiet products and suffer higher depreciation on these high-end expensive goods.
Every product secured by LEGIT will be added to the decentralized encrypted LEGIT blockchain which is fully unhackable. LEGIT will use this emerging technology along with NFC chip technology to provide the most secure way to verify products. Each Product will be added to the chain when its manufactured or verified by one of our partners and every transaction will be added as a new block to the product chain making it very easy to track throughout the supply chain and resale market.
LEGIT makes it easy to check the authenticity and trail of any product with a simple scan of a smartphone or any NFC enabled devices.