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Cypheme develops a counterfeit detection system that enables consumers to verify product authenticity using a smartphone camera. By applying a unique micro-structured varnish and utilizing advanced neural network technology, the system aims to protect consumers from counterfeit goods across various materials.
Counterfeiting is a crime, involving the manufacturing or distribution of goods under someone else's name, and without their permission.
Counterfeit goods are generally made from cheap and lower quality component that put the health and safety of consumers at risk.According to an International Chamber of Commerce the total value of counterfeit and pirated goods globally is around €1.77 trillion.
Each year EU companies lose €83 billion in sales due to counterfeited products.
Although the counte…
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