Australia Cracks Down on Fake goods with Blockchain

Australia Cracks Down on Fake goods with Blockchain

The Australian Business Review recently reported that it used a 44 alphanumeric character security cryptography to deliver a blockchain-based verification system. With Australian Blockchain Company TBSX3 the biggest trial to tackle the issue of fake goods was carried out. Names such as DP World Australia, DB Schenker and Hamburg SuD participated in the trial to track a bottle of wine from producer Ius.  TBSX3 is part of a government backed delegation of bitcoin and Blockchain startups representing Australia.