IBM Research introduced the Crypto Anchor Verifier, an artificial intelligence (AI)-driven counterfeit detector. Users can use the phone’s camera and associated blockchain technology to verify the authenticity of the item.

Take diamonds as an example. Take out your phone, open the app, and take a photo. IBM’s AI will determine the uniqueness of the diamond and then compare it to the diamond database in the blockchain ledger. If the corresponding diamond is found, AI can verify the authenticity of the diamond.

Donna Dillenberger, a researcher at IBM Research, said:

“We are developing Verifier AI software to help more industries achieve this capability. Using Verifier can help supply chain transformation and dramatically reduce counterfeit products worldwide.”

IBM said that this technology can be used to detect the authenticity of almost anything including wine and banknotes. It relies on image processing technology to use machines to see what people can't see.

The core of blockchain technology is a technology designed to eliminate trust requirements. Unfortunately, placing physical objects on the “blockchain” is not possible. Fortunately, computer vision can be used to place and store the unique appearance of an item on the blockchain.

However, don’t expect smart phones to become the eyes of Providence anytime soon. For example, in order for this to protect consumers from purchasing, let’s say, a counterfeit Fantastic Four #4, Marvel would have to register each one in a blockchain ledger. The AI ​​must have a version of a previously verified item in order to verify the item later. Basically, companies must enter information into the database before the product is brought to market.

Considering that the losses caused by counterfeit products to U.S. companies exceed US $600 billion each year, this technology may be welcomed by the market.

image via applicature.com

source: thenextweb.com