Express

Italian Govt Allocates €15M to Protecting The 'Made in Italy' Label With Blockchain

Janelle Fox

Summary: In an attempt to combat counterfeit goods, the Italian government has put €15 million ($16.2 million) into developing and implementing blockchain and other tech-based solutions. According to a report from dGen, Italian retailers and wholesalers who use the “Made in Italy” label lost €12.4 billion ($13.4 billion) in 2016 due to counterfeits. By Janelle Fox

In an attempt to combat counterfeit goods, the Italian government has put €15 million ($16.2 million) into developing and implementing blockchain and other tech-based solutions.

According to a report from dGen, Italian retailers and wholesalers who use the “Made in Italy” label lost €12.4 billion ($13.4 billion) in 2016 due to counterfeits.

By Janelle Fox

Last Update:

Tags: ,,,
Link: Italian Govt Allocates €15M to Protecting The 'Made in Italy' Label With Blockchain   [Copy]
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 7 hours ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 7 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 9 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 11 days ago
  • You need to login to comment.